Economics
BIS authors offer advice on escaping low inflation trap
Luiz Pereira da Silva and co-authors say “snapback” unlikely, given changing labour markets
BoE forced to reveal latest analysis of no-deal Brexit
Carney writes that preparations have helped reduce likely impact of “worst-case” no-deal
Israel’s Yaron calls for targeted spending as elections draw near
Governor says fiscal policy must seek to boost living standards while maintaining discipline
Brexit may have cost the UK 5% of productivity – BoE paper
Study draws on newly developed survey of decision-makers at UK firms
Inflation edges higher as Fed prepares for next meeting
Consumer spending boosts economy, but recent sentiment data suggests it could be about change
RBA sheds light on new ‘Martin’ macro model
Large-scale “macroeconometric” model designed to balance flexibility and theoretical rigour
BoE policy-makers face fallout from political chaos
November policy decision could be unveiled on an election day; new analysis by MPC members suggests worst economic impact yet to come
Economists publish ‘crash course’ on euro crisis
Brunnermeier and Reis say framework is designed to help students grasp the macro-financial roots of recent crises
Summers and Stansbury warn of ‘black hole’ as central bankers debate solutions
Economists say they hope for revolutionary thinking at Jackson Hole conference – “but we are not holding our breath”
Estonian paper looks at Eastern European credit
Lack of competition in banking sectors is fueling pro-cyclical credit creation, researchers find
AI can help predict consumer defaults – NBER paper
Researchers say “deep learning” could be useful in designing macro-prudential policies
Kansas Fed develops real-time GDP tracker
The tracker builds on previous work by combining two forecast models
Anticipation of fiscal stimulus has ‘sizeable’ impact on growth – paper
Passing the 2018 US Bipartisan Budget Act increased GDP by 1%, researchers find
Bundesbank sees risk of recession in Q3
Economic report paints bleak picture as eurozone inflation continues slide
Bank of Portugal paper assesses unconventional policy
Forward guidance and asset purchases had significant effects on equities markets – researchers
Inflation target uncertainty magnifies price shocks’ impact- BoI paper
Researchers investigate effects of central banks failing to pefectly follow targets
Shale oil boom has not shifted global supply- ECB paper
Global oil supply appears to be “rather vertical” at all times, researchers find
‘Animal spirits’ are real, DNB paper says
Researchers analyse data on household spending and consumer confidence
BoE under pressure with July inflation release
Bank of England must deal with recent fall in GDP and Brexit uncertainty
ECB’s bond purchases restrict monetary policy – DNB paper
Higher demand for safe assets widens bond yields and cuts policy transmission, says researcher
Eurozone bank productivity growth fell over last decade – ECB paper
Researchers try to quantify eurozone banks’ total factor productivity growth