BOJ
Paper
Bank of Japan reviews economic and financial developments in December
The Bank of Japan's Policy Board discussed recent economic and financial developments in Japan and overseas at its December 18-19, 2025 meeting.
AI Paper Curation
BDI
Paper
Banca d'Italia releases wealth estimates for Italy's institutional sectors
Banca d'Italia and Istat today released comprehensive wealth estimates for Italy's institutional sectors, covering 2005-2024.
BDI
Paper
Bank of Italy uses mobile phone data for Balance of Payments travel item
The Bank of Italy has integrated mobile phone data (MPD) into its estimation process for the 'Travel' item of the Balance of Payments since late 2020.
ECB
Paper
ECB survey finds broadly stable credit terms in euro financing markets
The Eurosystem's December 2025 SESFOD survey reported broadly stable credit terms and conditions in euro-denominated securities financing and OTC derivatives markets.
BIS
Paper
BIS FSI expands global supervisory support and digital tools in 2025
The Financial Stability Institute (FSI) of the Bank for International Settlements (BIS) strengthened global financial systems in 2025 through expanded policy work, outreach, and capacity development.
BOJ
Paper
BDF
Paper
BDF paper examines international shock transmission in liquidity traps
A new Banque de France paper explores how international asset market shocks are transmitted domestically, particularly when the central bank is at the Effective Lower Bound.
BDI
Paper
1930s protectionism and its geopolitical consequences
A new Banca d'Italia working paper reviews the protectionist policies of the 1930s, which coincided with a dramatic collapse in international trade.
BIS
Paper
BIS paper develops tractable menu cost model with aggregate markup drift
A new Bank for International Settlements (BIS) working paper extends the menu cost model by introducing a drift in the aggregate markup.
ECB
Paper
ECB research finds small overall CBAM trade impact, large for specific products
A new working paper from the European Central Bank assesses the direct impact of the EU's Carbon Border Adjustment Mechanism (CBAM) on member states and trading partners.
ECB
Paper
ECB study links inflation surge to production network effects
A new European Central Bank study explains the post-pandemic inflation surge not by demand or greed, but by pricing cascades in the economy's production network and state-dependent pricing.
DNB
Paper
DNB paper reveals optimal monetary policy mix for heterogeneous economies
A new working paper by De Nederlandsche Bank (DNB) examines the optimal coordination of conventional and unconventional monetary policy tools in economies with household heterogeneity and mortgage debt.