BDFPaper
US consumption fueled by stock valuations, creating vulnerability
US consumption showed unexpected resilience in 2025, partly driven by rising financial asset prices.
AI Paper Curation
BOCPaper
Canadian tariffs raise retail prices by 6%, pass-through incomplete
A Bank of Canada working paper finds that Canadian retaliatory tariffs on US imports led to a 6 percent increase in retail prices for affected goods.
FEDPaper
Financial frictions drive firm productivity differences, TFP variance
A new FEDS paper models how financial frictions cause productivity differences across firms, widening dispersion in downturns.
BOEPaper
Monetary policy cuts R&D most in high-growth, equity-reliant firms
A Bank of England Staff Working Paper finds that contractionary monetary policy disproportionately reduces research and development (R&D) in high-growth firms reliant on external equity finance.
BOEPaper
UK house price-at-risk model forecasts downside risks
A new Bank of England working paper develops a house price-at-risk framework for the UK, forecasting downside risks to house price growth up to two years ahead.
BDFPaper
CBRPaper
Patents predict investment, housing price gap drivers revealed
The Bank of Russia presents the second issue of its Russian Journal of Money and Finance, featuring research on investment forecasting, business cycle indicators, housing market dynamics, and yuan-denominated bond yield curves.
ECBPaper
MIP statistics quality assessed by ESS-ESCB, areas for improvement
The 12th joint annual quality report by the European Statistical System (ESS) and the European System of Central Banks (ESCB) concludes that macroeconomic statistics underlying the Macroeconomic Imbalance Procedure (MIP) are fit for purpose.
SSMPaper
ECB clarifies internal model assessment for counterparty credit risk
The European Central Bank has published an updated guide on its assessment methodology for the internal model method (IMM) for counterparty credit risk.
SSMPaper
ECB guide details internal model supervisory expectations
The European Central Bank (ECB) has updated its guide on internal models, providing transparency on how it assesses compliance with prudential requirements for credit, market, and counterparty credit risk.
SSMPaper
SSM guide for IMM model change materiality assessment
The European Central Bank's Single Supervisory Mechanism (SSM) has published a guide on assessing the materiality of extensions and changes to internal models for counterparty credit risk.
DKNBPaper
Mobile payments surge in Denmark, replacing physical cards
More than 9 out of 10 payments in Danish stores are now digital, with mobile phone-based wallet solutions rapidly gaining traction.