BOC
Paper
Semi-structural model enhances professional inflation forecasts by 50 percent
A Bank of Canada staff working paper introduces a semi-structural model that significantly improves professional inflation forecasts.
AI Paper Curation
CBR
Paper
Tight monetary policy sustained as Russian disinflation trends emerge
The Bank of Russia confirmed that tight monetary policy will be maintained for an extended period to bring inflation down to 4 percent.
BIS
Paper
District heterogeneity shapes trade policy through legislative bargaining
A new working paper from the Federal Reserve Bank of Richmond models how diverse economic structures of Congressional Districts aggregate into national trade policy through legislative bargaining.
BIS
Paper
Cross-border payments face high costs and interoperability gaps
A new Bank for International Settlements (BIS) paper highlights that cross-border payments, especially for retail and remittances, remain costly, slow, and opaque.
BOC
Paper
Public payment platforms: Optimal pricing and welfare impacts
A Bank of Canada working paper examines competition between public and private payment platforms in a two-sided market.
BOC
Paper
BIS
Paper
Multinational firms' internal borrowing impacts domestic bank loans and stability
A new Oesterreichische Nationalbank working paper analyzes how multinational firms' internal capital markets transmit productivity and credit supply shocks across borders.
BIS
Paper
Optimal forecast accuracy achieved with 5-10 economists
A new working paper examines the benefits of diversifying macroeconomic survey forecasts.
BIS
Paper
Blockchain decentralization fragments monetary landscape, undermining network effects
Public permissionless blockchains, by their decentralized nature, undermine the network effects crucial for money's coordination function, leading to a fragmented monetary landscape.
ECB
Paper
Pandemic inflation surge driven by supply and demand factors
A new ECB working paper finds that the euro area's pandemic-era inflation surge was driven by a combination of supply and demand factors.
BIS
Paper
Robot adoption and ICT investment show context-dependent employment effects
A new Bank for International Settlements working paper finds that robot adoption and ICT investment jointly shape sectoral employment across 20 EU countries from 1995 to 2020.
CBI
Paper
CBI launches discussion on DLT and tokenisation in finance
The Central Bank of Ireland has issued a Discussion Paper on Distributed Ledger Technology (DLT) and tokenisation in financial services.