BDF
Paper
Real estate pledgeability drives sectoral credit misallocation
A new Banque de France working paper by Aurélien Espic shows that differences in asset pledgeability cause sectoral credit misallocation.
AI Paper Curation
ECB
Paper
EU monetary financing ban protects price stability, ECB paper finds
The EU prohibition of monetary financing remains stricter than pre-EMU rules or US and UK frameworks, an ECB paper finds.
ECB
Paper
Rate hikes trigger year-long decline in firm hiring expectations
A 25 basis point contractionary monetary policy surprise reduces the net balance of firm hiring intentions by 13 percentage points immediately, according to a European Central Bank working paper based on survey data from 9,000 German firms.
BIS
Paper
ForeComp package controls size distortion in forecast comparisons
Researchers from the Federal Reserve Bank of Philadelphia and Baltimore Orioles introduced ForeComp, an R package designed to correct small-sample size distortions in Diebold-Mariano forecast evaluation tests using fixed-smoothing asymptotics.
BIS
Paper
Spreading inventions drive 40 percent of productivity decline
A working paper published by the Federal Reserve Bank of Philadelphia reveals that US inventions have become increasingly dissimilar over the past two centuries.
BDF
Paper
BCRA
Paper
Argentine inflation slows to 1.9 percent as reserves grow
The Central Bank of Argentina reported that monthly inflation fell to 1.9 percent in June 2026 in its quarterly Monetary Policy Report.
FSB
Paper
Agentic AI governance requires deployment-specific assurance
The Artificial Intelligence Underwriting Company has urged global regulators to mandate deployment-specific assurance for financial AI systems.
FED
Paper
Endogenous firm planning horizons amplify inflation volatility
Federal Reserve researchers demonstrate that firms dynamically adjust how far ahead to plan when setting prices.
BDF
Paper
Red Sea closure costs Egypt 3 percent as global trade adapts
A Banque de France study reveals that a permanent Red Sea closure lowers real income for major economies by less than 0.02 percent.
DNB
Paper
Green public spending multiplier exceeds one within a year
A De Nederlandsche Bank working paper finds that green public procurement yields a cumulative GDP multiplier above one within a year, while brown procurement has virtually zero impact.
ECB
Paper
Combined risk factor models boost euro area tail forecast accuracy
An ESCB expert group has developed a Macro-at-Risk framework using 350 indicators to model tail risks surrounding euro area growth and inflation projections.