Macroeconomics
SBP notes caveats to decade-high growth
Central bank is concerned about widening current account deficit
OECD urges UK to maintain ‘close ties’ with EU
Latest assessment of UK economy warns of damaging impact of Brexit vote
Blanchard and Summers call for rethink of stabilisation policy
Both economists question consensus on fiscal prudence and advocate stricter financial regulation
Bank of Canada paper studies capital control motivations
Researcher finds tools are used with both “mercantilist” and “macro-prudential” motivations
IMF: global recovery is broad but incomplete
Fund ups its growth forecasts but says many are missing out
Neural network can beat conventional forecasts – Kansas City Fed research
Deep learning model outperforms Survey of Professional Forecasters at all horizons
Fed paper calls for rethink of conditions for setting capital controls
Policymakers should also consider how external shocks affect the borrowing capacity of the country, researchers say
Big banks’ share prices more sensitive to rate moves – paper
Lower capital ratios diminish exposure to changes in yield curve, says research
Opaque money markets work well, Nobel laureate says
Bengt Holmström says policymakers should not try to make money markets more transparent
National Bank of Denmark sees "major challenges" for Greenland’s economy
Greenland is experiencing an economic boom, but needs to diversify its economy, central bank says
Goodhart and Pradhan: demographics will reverse ‘multi-decade’ trends
Ageing population likely to put upward pressure on real interest rates and inflation, economists say
UK economy vulnerable to consumption-led recession
Fragile consumer spending could take a toll on growth, former BoE officials warn
Flexible working may shift Nairu, ECB’s Mersch warns
Technology may increase insecurity and weaken collective bargaining, says senior ECB figure
BoE’s Broadbent: globalisation has been largely a good thing
Bank of England deputy says flexible labour market has helped dull pain of adjustment to trade shocks
Yellen warns of debt impact on productivity
Fed chair states in “strongest possible terms” that current government spending is unsustainable
CEPR paper sketches ‘radical, realistic’ Greek reform plan
Stanford and Yale economists outline “unorthodox” policies to tackle Greece's debt problems
Pass-through varies across countries and time – BoE paper
Kristin Forbes and co-authors study the shocks and structural factors behind exchange rate pass-through
Household balance sheet adjustment a long process – Danish study
Authors also find consumption impact of rate hike is “modest”
New Keynesian DGSE models need financial spillover channels – ECB paper
Models without powerful financial spillover channels will be “misleading”, say researchers
Survey data can help with modelling expectations – BoJ paper
Discussion paper outlines method of incorporating survey data as a proxy for expectations
No ‘Taylor rule’ without Meltzer’s support
John Taylor says he would “likely have done other things” if not encouraged by Allan Meltzer
Greek bailout funds approved but debt relief still contentious
IMF agrees “in principle” to new support for Greece, unlocking European funds
Norges Bank sees room for improvement when forecasting wages
Central bank and other forecasters struggled to produce accurate estimates of wage growth and unemployment
Irish central bank renews Brexit warnings
Rapid house price rise fuelled by scarcity, Central Bank of Ireland says