Macroeconomics
Bank of Israel proposes measures to stabilise social security system
Benefit payments set to rise faster than GDP in the coming decades, warns central bank
Central banks are ‘riders on the storm’, say Jordà and Taylor
Central banks control less than half the overall variation in interest rates, authors find
‘Non-salient fees’ matter for mortgage pricing – BoE paper
Many borrowers appear to be less sensitive to fees than to interest rates, and firms exploit this
IMF research flags urgent need for climate policy framework
Co-ordination of fiscal, financial and monetary instruments will be needed, say authors
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
BoE policy-makers face fallout from political chaos
New analysis by MPC members suggests worst economic impact yet to come
Economists publish ‘crash course’ on euro crisis
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
Anticipation of fiscal stimulus has ‘sizeable’ impact on growth – paper
Passing the 2018 US Bipartisan Budget Act increased GDP by 1%, researchers find
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
BoE under pressure with July inflation release
Bank of England must deal with recent fall in GDP and Brexit uncertainty
Higher inflation expectations can cut consumption – research
Authors conduct randomised control trial to test “forward guidance puzzle”
Climate change will hit US growth hard – Dallas Fed study
US growth could fare worse than China’s with projected temperature rises, researchers find
BoE faces bleak outlook as new prime minister appointed
Think-tank says UK may already be in recession, as threat of “no-deal” Brexit looms
Ethiopia needs to rebalance after investment boom – IMF Africa chief
Country has achieved impressive development but vulnerabilities have grown, says Abebe Aemro Selassie
BoE paper questions technological explanations for falling ‘labour share’
Measurement problems may account for less income seeming to flow to workers, authors say
BIS paper looks at low returns on safe assets
Changing risk perceptions explain growing wedge between safe and risky assets, authors say
‘Heterogeneous beliefs’ can improve models of inflation – BoE paper
Authors break down inflation expectations in search of additional forward-looking information
Lagarde reiterates call for greater international co-ordination
“We need a trading system fit for today’s world,” IMF chief says after G20 summit