ECB
Paper
New Macro-Finance FCI for euro area outperforms existing indices
A new European Central Bank (ECB) working paper introduces a novel Macro-Finance Financial Conditions Index (FCI) for the euro area.
AI Paper Curation
ECB
Paper
Central clearing dampens repo specialness, stabilizes pricing in stress
A new ECB working paper finds that central clearing dampens 'specialness' in repo markets during normal times but stabilizes pricing during stress.
DNB
Paper
Optimal policy combines employment and job retention subsidies
A new working paper from De Nederlandsche Bank analyzes the efficiency of employment subsidies and job retention schemes.
ECB
Paper
Interlinking fast payment systems boosts international trade
The European Central Bank highlights that interlinking fast payment systems could increase international trade by approximately 4 percent.
ECB
Paper
Extreme market states amplify oil price responses to shocks
Oil prices react non-linearly to shocks, with responses significantly amplified when market conditions, such as investment fund positions, supply-demand imbalances, and inventories, reach extreme levels.
ECB
Paper
BIS
Paper
Climate risks pose macroeconomic challenges for central banks, particularly in Africa
A BIS paper highlights that climate change presents significant macroeconomic risks for central banking, affecting monetary policy and financial stability.
SNB
Paper
Digital money and cash decline pose new challenges to money uniformity
The Swiss National Bank explores how new forms of private digital money and declining cash usage challenge the uniformity of money.
FED
Paper
Monetary policy effects asymmetric under multiple firm constraints
A new Federal Reserve paper finds that monetary policy transmission is asymmetric when firms face multiple financing constraints.
SARB
Paper
South African study links inflation targeting to bond market risk premia
A South African Reserve Bank working paper by Chloë Allison and Theuns de Wet examines how inflation targeting influences the inflation risk premium embedded in the country's nominal government bond yields.
BIS
Paper
Quantum Bayesian inference framework developed for economic analysis
A new working paper introduces a framework for performing Bayesian inference using quantum computation.
ECB
Paper
Public investment efficiency crucial amid European fiscal constraints
Public investment has declined in several European countries since the crisis, despite calls for stimulus in a low interest rate environment.