Bank for International Settlements
BIS
Paper
Long-run growth shocks steepen equity yield curve, ACDL model fits
A new Federal Reserve working paper analyzes how equity yields respond to long-run growth shocks.
Focus
BIS
Paper
Coal mine closures double job losses in Appalachia
A Philadelphia Fed working paper finds that coal mine closures in Appalachia between 2011 and 2016 significantly increased local unemployment and reduced jobs, wages, and output.
BIS
Paper
Algorithm accelerates heterogeneous-agent life-cycle models
A new Federal Reserve working paper introduces an efficient algorithm to compute Sequence-Space Jacobians for heterogeneous-agent overlapping generations (HA-OLG) models.
Latest
BIS
Paper
Financial frictions drive 30% of TFP variance in cycles
A new Federal Reserve Board working paper introduces a tractable model showing that financial frictions account for about 30 percent of aggregate total factor productivity variance at business-cycle frequencies.
BIS
Paper
Public debt alters monetary policy transmission in Europe
A new Bank for International Settlements (BIS) working paper examines how public debt levels and maturity structure influence monetary policy transmission in advanced and emerging Europe.
BIS
Paper
Fiscal risk shocks trigger stagflation, depress equities, BIS
A new working paper from the Bank for International Settlements estimates that fiscal risk shocks generate stagflationary dynamics.
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BIS
Speech
Smets on anchoring trust in money beyond stablecoins
Frank Smets, Acting Head of the Monetary and Economic Department at the BIS, discussed preserving trust in money in the digital age.
BIS
Paper
BIS 100 strategy targets resilience, connections for central banks
The Bank for International Settlements (BIS) has launched its new 'BIS 100' strategy, aiming to strengthen central bank cooperation and financial resilience.
BIS
Speech
Hernández de Cos: AI, inflation, debt challenge future foundations
BIS General Manager Pablo Hernández de Cos presented the Annual Economic Report 2026, highlighting the interplay of AI progress and perils from inflation, financial vulnerabilities, and high public debt.
BIS
Press
Global pressure points call for policy discipline
The Bank for International Settlements (BIS) warned that global economic pressure points, including financial vulnerabilities and strained public finances, demand immediate policy discipline.
BIS
Paper
Crypto regulation uneven, creating financial stability risks
The Financial Stability Board assessed the implementation of its global regulatory framework for cryptoassets and stablecoins, revealing significant gaps and inconsistencies.
BIS
Speech
Escrivá urges bank rule simplification, digital euro push
Bank of Spain Governor José Luis Escrivá called for a simplification of banking regulation and the completion of the Banking Union to foster competitiveness and growth.