Economics
Nine out of 10 Japanese people see prices rising
BoJ survey shows around half of respondents expect economic slowdown in a year’s time
Policy transmission weaker in poorer countries – paper
Authors say disconnect may reflect limited financial inclusion and prevalence of informal credit
Romania and Poland continue to hold rates
Central banks exercise caution as inflation and geopolitical risk cloud outlook
Data-driven approach needed to assess impact of AI – Lane
ECB board member sets out multiple unknowns as technology reshapes macroeconomic landscape
Financial repression delivers stopgap funding without inflation risk – paper
NBER paper argues recent macro-prudential mandates are effectively forms of repression
Cheap Chinese imports keep eurozone goods inflation down
Paper says prices may stay low because of excess capacity, weak Chinese demand and yuan
Geopolitics is driving monetary policy – panel
ECB’s Vujčić points to impact of US equities, while BoE’s Taylor says uncertainty justifies rates hold
Forecasters look to complexity for better results
Central banks are developing models with production networks, non-linearities and heterogeneity
Number of US jobs at risk of AI substitution is falling – ECB study
New technology yet to have an impact on wage growth, research finds
IMF’s Gourinchas argues ‘middle powers’ can heal global trade
Co-operation by mid-sized economies could bring hegemons to table, chief economist says
‘Glory days’ of central banking may be behind us – Goodhart
Former BoE MPC member warns central banks will struggle to combat inflation given fiscal pressures
UK still paying EU ‘divorce bill’– National Bank of Belgium blog
Research shows cumulative cost of Brexit amounts to six to eight percentage points of GDP
Markets react more to macro news in uncertain times – study
Monetary policy uncertainty amplifies bond yields’ response to data releases, BIS paper says
Domestic growth unlikely even if Germany wins World Cup – Nagel
Bundesbank president says momentum will pick up by 2028 and calls for further deregulation
Dollar’s reserve currency status worth $33 trillion – paper
Loss of exorbitant privilege would lead to dollar depreciation and rise in real interest rates
Humans still in charge of AI use at central banks – panel
Speakers at London Meetings share their experiences of adopting new technology
Oil price shock to weigh on growth in Guatemala – IMF
Institution adds that central bank’s current monetary policy stance is ‘appropriate’
Norges Bank says third of crypto owners had ‘negative’ experience
Biannual survey shows most Norwegians have never heard of DeFi or stablecoins
Argentina on solid footing to head off oil shock – BCRA
Vice-president says recent uptick in inflation was driven in part by seasonal factors
Euro ‘more appealing’ for both invoicing and reserves, ECB finds
Bank’s annual report on currency’s use draws on findings from Central Banking’s benchmarking
Remote working drove US youth unemployment – NY Fed study
Economists say uptick in joblessness among US graduates predates spread of AI