Research
Enforcement, collateralised debt and the economy
Collateralised debt has been shown to impact business cycle fluctuations, but to what extent is this affected by the efficiency of debt enforcement? A new paper from the Bank of Canada investigates.
Fed's TAF is effective
The Federal Reserve's Term Auction Facility (TAF) helped ease conditions in money markets, finds a new paper from the Federal Reserve Bank of New York.
Japan faces fragile loan demand
Loan demand from Japanese firms worsened significantly from April to July and reached the lowest level since July 2004, according to the Bank of Japan's quarterly opinion survey of senior loan officials.
Inflation in industrial countries "global"
A new paper published by the Chicago Federal Reserve shows that inflation in industrialised countries is largely a global phenomenon.
Independent central bank vs myopic government
A new paper published by the International Monetary Fund analyses a series of games between a benevolent central bank and a myopic government in a New Keynesian model.
Poor central banks suffer on inflation
Weak central bank finances have a negative impact on the ability of policymakers to effectively react to inflationary pressures, according to new research from the International Monetary Fund.
Turkish industry's response to competition
Turkish manufacturers reacted to intensive trade competition from low-cost countries and substantial exchange-rate fluctuations during the last decade with increased productivity, product differentiation and wage growth moderation, says a new paper from…
Motivation should temper SWF fears
Examining the principal motivation for sovereign wealth funds should allay concerns such as fear of industrial espionage or geopolitical threats, states research by Deutsche Bank.
Canada constructs core inflation measure
Research published by the Bank of Canada has developed a measure of core inflation for Canada.
New insights on stock returns
A paper by Banque de France aims to give new insights about short- and long-run dependencies in stock returns.
Globalisation and the euro area
Globalisation has benefited the euro area in several ways, research published by the European Central Bank shows.
On the roots of housing bubbles
Regions or economies with a low share of owner-occupied houses are more prone to housing bubbles that are driven by locally unstable rent dynamics, research published by the Central Bank of Turkey argues.
For how long can the US deficit be sustained?
Federal Reserve research suggests that it would take many years for the US debt to reach a level that would test global investors' willingness to extend financing.
Chicago Fed investigates payments fraud
The Chicago Fed has published a note assessing the debate over payments systems fraud.
IMF assesses money's role in policy
The International Monetary Fund has published research looking at the role of money in monetary policy.
How to predict global stock returns
Short interest rates and term spreads are fairly robust predictors of stock returns in developed markets, research published by the Federal Reserve finds.
Interest rates in inflation-targeting countries
A new paper from the Reserve Bank of Australia examines whether long-term nominal interest rates in inflation-targeting economies are determined abroad.
Fed on hedge funds resilience
The hedge fund industry is generally robust in the face of different market shocks, finds a new paper from the Federal Reserve.
Should the public read inflation reports?
A new paper published by the Czech National Bank offers a way to evaluate consistency in central bank communication.
Real interest rates in Sweden
New research from the Sveriges Riksbank discusses the concept and development of the real interest rate and the real repo rate in Sweden.
HKMA on how best to predict exchange-rate movement
Combining a number of exchange-rate forecasting models works better than relying on a single one, research published by the Hong Kong Monetary Authority reveals.
Inflation targets impact medium-term expectations
A research paper published by the Bank of England finds evidence that the introduction of inflation targeting has caused both the general public and professionals to anchor their expectations, rather than basing them on current retail price index…
Ten trends in large-value payment systems
A new paper published by the New York Federal Reserve highlights ten trends in the development of large value payment systems worldwide.
Cross-border payments in Europe
A survey carried out by the Netherlands Bank finds that Dutch consumers pay differently for their cross-border purchases than for their domestic purchases.