Research
Data filtering methods impact model estimates
National Bank of Austria shows that different detrending methods impact model outcomes
Regulation is good for competition
International Monetary Fund investigates financial market development
What shadow banks mean for financial regulation
Recognition of the role of the so-called shadow banking system in the financial crisis, means more stringent financial regulation, argues a paper from the New York Federal Reserve
New data on operational risk losses
Survey from the Bank for International Settlements collects data on op-risk losses from 121 banks in 17 countries
Decoupling theory holds, says Bank of England
Bank of England investigates decoupling theory
IMF’s surveillance reforms will deliver
Bank of Canada says International Monetary Fund’s surveillance reforms look promising
UK to return to rules-based approach?
Philip Davis, head of economics and finance at Brunel University, says in an OECD paper that UK might need a more rules-based approach to banking regulation
Tight policy can cause spike in money growth
Bundesbank investigates the transmission of monetary policy in the euro area
Past banking crises studies need reassessment
International Monetary Fund finds that many banking crises studies focused on wrong indicators
Italy’s recessions past and present
A comparative analysis of the country’s main recessions by the Bank of Italy
Gold is special
International Monetary Fund investigates how macroeconomic announcements affect commodity prices
New Keynesian Phillips Curves with wage rigidities
Bank of Canada applies structural inflation models with real wage rigidities to the domestic economy
External consumption habits impact monetary policy
European Central Bank considers implications of consumption on monetary policy
Low oil prices reduce future supply
Bank of Canada says the dramatic reduction in global demand and the decline in the spot price of crude oil may have significant implications for the future supply of oil
Why hot money hounded China
Bank of Japan obtains a picture of the flow of short-term funds into and out of China
Pay cuts in Luxembourg rare
European Central Bank assesses the degree of wage flexibility in Luxembourg
Bagehot 's tenets needs to be revised
New York Federal Reserve investigates whether Bagehot’s 19th lender-of-last-resort doctrine still applies
Italy’s Visco : target global imbalances
Bank of Italy’s Ignazio Visco says that macroeconomic imbalances must be taken care of
Prices increases of manufactured goods low
Reserve Bank of Australia looks at price movement
Monetary policy for small economies
Bank of Albania publishes volume on monetary-policy strategies for small economies
No need for further euroisation in Cape Verde
International Monetary Fund finds that Cape Verde’s peg to the euro suits its economy just fine
Public-private partnerships affected by crisis
International Monetary Fund investigates the impact of the global financial crisis on public-private partnerships
Lender recourse increases the likelihood of default
Richmond Federal Reserve shows the impact of lender recourse on mortgage defaults
Labour productivity fosters booms
New York Federal Reserve shows labour productivity helps create bubbles