FED
Paper
Occupational complexity explains four decades of U.S. wage inequality
A Federal Reserve Board paper reveals that occupational problem complexity drives U.S. wage inequality growth since 1980.
AI Paper Curation
BIS
Paper
Analytical shortcut solves dynamic distribution in fixed cost models
A Kansas City Fed working paper provides an analytical solution to the Kolmogorov forward equation for fixed cost models.
BIS
Paper
Zoning expanded single-family land share and raised lot sizes
A Federal Reserve Bank of Philadelphia working paper shows that historical zoning regulations in Cook County systematically expanded single-family land use while reducing apartments and mixed-use commercial space between 1921 and 1980.
BIS
Paper
Deflation and rigid wage setting suppress Japanese real pay gains
A Bank of Japan working paper shows that prolonged deflation and labor market frictions suppressed Japanese real wage growth over the past three decades.
BOE
Paper
Cloud adoption boosts small bank market share and depositor welfare
Cloud outsourcing reduces technological barriers in banking, driving deposit growth for smaller UK institutions and raising depositor welfare by 11.2 percent, according to a Bank of England working paper.
FED
Paper
BOJ
Paper
Downward wage rigidity and deflation widen wage-productivity gap
A Bank of Japan working paper shows that downward nominal wage rigidity combined with prolonged deflation and job security preferences widened Japan's wage-productivity gap over the past 30 years.
BIS
Paper
AI diffusion lowers industry concentration after initial rise
A Federal Reserve Bank of San Francisco working paper finds a hump-shaped relationship between artificial intelligence adoption and industry concentration.
BIS
Paper
Low term premia push bank maturity gap to 5.7 years
A San Francisco Fed working paper shows U.S. bank maturity mismatch more than tripled since the mid-1980s to 5.7 years in 2022.
BIS
Paper
Portugal public capital loss creates 1.4 percent GDP growth drag
A St. Louis Fed study shows Portugal's public capital stock fell 13.3 percent between 2013 and 2024, shrinking the capital-to-GDP ratio from 77.2 to 53.8 percent.
BIS
Paper
321 bottleneck products threaten Japanese manufacturing output
A Bank of Japan study analyzing 105,481 transaction relationships across 15,022 firms reveals that 321 bottleneck products pose severe macroeconomic risks.
BIS
Paper
Downstream investment and focal firm pay drive supply chain spending
A Bank of Japan working paper finds that firm spending behavior in Japanese manufacturing is tightly linked along supply chains.