Research
Bric FDI important source of growth to LICs: IMF paper
Fund study highlights importance of Bric foreign direct investment in low-income countries’ development strategy
ECB paper identifies benefits of forecast aggregation
European Central Bank study shows forecast aggregation can significantly improve forecast performance
Asymmetry of monetary policy in new EU member states tested: Czech National Bank
A working paper from the Czech National Bank investigates asymmetry of monetary policy in new EU member states
Evolving UK and US macroeconomic dynamics investigated: Bank paper
Bank of England working paper uses model of deterministic structural change to chart the changing UK and US macroeconomic dynamics
Cross-border flows stalling in euro area: ECB paper
European Central Bank study highlights concerns over resumption in euro area cross-border financial flows
IMF paper observes heterogeneous interest rate pass-through
Fund study identifies factors that both facilitate and impede monetary policy pass-through to economy and financial markets
College drop-out rate is strongly correlated to income: Boston Fed
Boston Federal Reserve study shows poor students are 27% more likely to drop out of college than wealthier students
Microfinance lenders' global exposure increasing: IMF paper
Fund study shows that microfinance lenders are becoming more affected by events in international markets post-crisis
Risky lending driven by largest banks: ECB paper
European Central Bank study shows that larger banks are the most likely to apply aggressive pricing strategies in syndicated loan markets
BoE paper identifies drivers of energy price volatility
Bank of England study says risk premium and productivity shocks operated in inverse directions on inflation in the UK
St Louis Fed paper observes high government reallocation costs
St Louis Federal Reserve study says governments come up against high capital and labour reallocation costs when responding to a negative demand shock
ECB paper on changing trend of capital inflows
European Central Bank study shows capital inflows globally have been driven by a variation of pull and push factors since the crisis
Small businesses hit harder during recession: NY Fed
New York Federal Reserve study shows weak consumer demand for small firms’ products and services led to disproportionate decline for these firms
National Bank of Hungary paper assesses input distortions in CEE countries
National Bank of Hungary identifies labour and capital market distortions in central and eastern European countries
IMF paper on cyclicality of oil producers' expenditure
Fund study shows fiscal policy is pro-cyclical in low- and middle-income oil-producing countries, but counter-cyclical in high-income countries
Inflation expectations in euro area broadly stable: BIS paper
Bank for International Settlements study says long-term euro area inflation expectations have so far remained well-anchored during sovereign crisis
IMF paper builds financial conditions index
Fund study creates financial condition index to help predict growth patterns in Asian economies
Exogenous financial shocks should factor into monetary policy: Dallas Fed paper
Dallas Federal Reserve study says exogenous financial shocks should be incorporated into monetary policy decisions
Response to fiscal policy shocks can impact debt expectations: ECB paper
European Central Bank study says fiscal shocks not accompanied by an expected spending reversal increases debt burden and reduces economic activity
Hedging strategies in periods of financial stress: IMF paper
Fund study shows that hedging strategies can reduce volatility during volatile periods but not necessarily in tranquil times
Sovereign default risks amplify supply shocks: IMF paper
Fund study incorporates sovereign default risks into a general equilibrium model
Frequency of cyclical unemployment is rising: Fed paper
Federal Reserve study shows cyclical movements in unemployment have become more persistent in recent decades
Foreign exchange intervention less effective in open economies: IMF paper
Fund study shows the effects of foreign exchange intervention on currency is less effective the more open the economy
ECB paper highlights differences in EU real wage flexibility
European Central Bank study shows real wages are more flexible in Central and Eastern European economies than euro area countries