Research
IMF: inflationary risks minimal during recessions
Fund study shows advanced countries are at low risk of inflationary pressure when economy is running under capacity
Kansas City Fed: QE effective at zero bound
Kansas City Federal Reserve study shows quantitative easing is effective at lower interest rate bound
Lessons from Bill Taylor and the last financial crisis
Kansas City Federal Reserve publishes a short biography of former FDIC chairman
IMF: Noughties oil swings driven by demand
IMF study says global oil demand shocks led to volatility in prices during last decade
St Louis Fed: Financial innovation important for growth
St Louis Federal Reserve study says improving best financial practices can boost economic performance
Monetary policy has scant impact on commodity prices
European Central Bank research finds the impact of monetary policy on prices is rather limited, though statistically significant
Minimum capital requirements increase systemic risk
Netherlands Bank research notes that Basel II capital requirements foster homogeneity
IMF: foreign investment flows have varying effects
IMF study shows that foreign direct investment flows are more effective in some sector of the economy than others
IMF links historical house prices to default loss
IMF study finds strong link between historical house prices and loss in event of default
Ageing to drive down asset prices
Bank for International Settlements research says demographic trends will reduce house prices significantly
BIS: cross-border flows shaped by global and country specific factors
Bank for International Settlements study shows global and country specific risk factors explain cross-border bank flow patterns
NY Fed: Funding liquidity explains investor hedging behaviour
New York Federal Reserve study finds funding liquidity risk plays important role in stock returns
Dallas Fed: Oil shocks driven by supply and demand factors
Dallas Federal Reserve study links variations in oil prices and US growth patterns over past four decades to endogenous shocks
Greece’s fiscal situation far worse than US: Atlanta Fed
Atlanta Federal Reserve study says Greece’s fiscal debts more worrisome than the United States’s
IMF: European debt measurements misleading policies
Fund study says European Union spending cuts neglect impact of policies on future
IMF: democracies outpace autocracies following commodity boom
Fund study shows following an international commodity boom, growth tends to increase in emerging market democracies, but decrease in autocracies
Philosopher says financial crisis puts economics profession into disrepute
Philosopher Philip Mirowski says economists’ outdated theories had a large hand in fueling the financial crisis
BIS: Global banking at a crossroads
Bank for International Settlements study says financial crisis has changed the model for international banking
Turkey: Manufacturing sector very sensitive to monetary tightening
Central Bank of Turkey study shows monetary tightening impacts some areas of the economy more than others
Boston Fed: Real rigidities dampen exchange rate shocks
Boston Federal Reserve study on price rigidities shows intense price competition leads to weak pass-through effects when there is an exchange rate shock
BoJ: productivity underestimated during expansions
Bank of Japan study into labour productivity revisions shows productivity growth is often underestimated during expansions
Boston Fed: poor subsidise card payment transfers of rich
Boston Federal Reserve paper shows low income households subsidise the cost of card payment transfers for high income households through higher relative prices
IMF: high indebtedness depresses growth
Fund study says higher initial debt levels have negative effect on growth
Bank of Canada: firms don’t smooth inventories
Bank of Canada study shows high costs attached to inventories deters firms from smoothing inventory ahead of countercyclical swings