Bank for International Settlements
Kocher reinterprets heterogeneity for euro area monetary policy
OeNB Governor Martin Kocher argued for a more optimistic reinterpretation of heterogeneity in euro area monetary policymaking.
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Digital euro to boost innovation, secure Europe's sovereignty
Deutsche Bundesbank President Joachim Nagel advocated for the digital euro as a central element of Europe's payment system.
Makhlouf: Financial system risks demand policy evolution
Gabriel Makhlouf, Governor of the Central Bank of Ireland (CBI), stressed the need for macroprudential policy to continuously evolve with the rapidly changing financial system.
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Panetta: Euro needs completion for new geopolitical era
Fabio Panetta, Governor of Banca d'Italia, stated that Europe is at a crossroads, urging the completion of the euro's institutional architecture.
Maijoor: 1763 crisis highlights central bank readiness
Steven Maijoor of De Nederlandsche Bank drew lessons from the 1763 Amsterdam financial crisis to emphasize the central bank's role as lender of last resort.
BoJ raises policy rate to 1.0 percent, warns on inflation
Bank of Japan Deputy Governor Ryozo Himino announced the central bank raised its policy interest rate to around 1.0 percent.
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Serbian banks well-capitalised, profitable, highly liquid
Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, affirmed that Serbian banks are well-capitalised, profitable, and maintain high liquidity buffers.
Gopinath: Stablecoins shift to anonymity, challenging policy
Gita Gopinath, Gregory and Ania Coffey Professor of Economics at Harvard University, delivered the Per Jacobsson Foundation Lecture on June 28, 2026.
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.
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.
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.
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.