Economics
PBoC’s Pan calls for ‘meaningful’ IMF quota adjustments
Governor says global economy needs more co-operation amid heightened uncertainty
Top officials weigh impact of trade war and AI
ECB president says impact of US tariffs has been “exact opposite” of expectations
BIS article notes changing effects of dollar weakness on EMEs
Investment channel likely to become more important countervailing force, authors say
Firms in Italy keep mafia closer when credit is tight – paper
Economic shocks make it harder for businesses to refuse cosa nostra’s offers, says central bank report
Nobel committee recognises theories of tech-driven growth
Joel Mokyr, Philippe Aghion and Peter Howitt share economics prize
RBA says home loan scheme does not heighten risks to markets
Bullock says government’s mortgage programme will not pose additional hazards to financial institutions
Rising temperatures raise inflation expectations – ECB paper
Global warming also leads to greater pessimism about growth, research finds
Asean+3 central banks have space to buffer shocks – Amro report
Study says institutions are capable of more accommodative policy, should external circumstances demand it
Bostic: firms tell me they’re eager to replace humans with AI
Atlanta Fed chief says technology will have a ‘unique’ impact on workers at all skill levels
National statistics need reform to capture AI impact – study
Official data tends to lack the granularity to capture transformative effects of AI, authors say
NBER paper suggests ‘dot plot’ for financial conditions
Producing forward guidance of asset prices will improve central bank communications, economists say
Uncertainty over economic policy throttles lending – ECB study
Authors point to recent developments in US, but say sources of uncertainty can come from anywhere
News coverage drove 2023 US bank runs – NY Fed study
Equity investors only became attuned to lenders’ weak fundamentals after mass panic began
France’s fiscal ills may require ‘targeted taxes’ – BdF head
Villeroy de Galhau warns citizens there is no ‘magic tax’ that only others will pay
IMF paper draws lessons from Sri Lanka’s debt restructuring
Country sought to negotiate simultaneously with array of creditors, while executing reform plan
Eurozone consumers shifted habits after tariffs – ECB survey
More financially literate citizens stopped buying US goods, consumer expectations survey shows
Signalling sizeable spending spooks stock markets – ECB study
Larger-than-expected fiscal measures in times of uncertainty could backfire on governments
Stablecoins pose bigger risks to US than to EU – de Guindos
ECB vice-president also expresses hope that “populist movements in Europe do not prevail”
US consumers’ expectations of finding work hit new low – study
Mean perceived probability of a newly unemployed person finding a job fell to 44.9%
US SMEs less fazed by tariff turmoil – Boston Fed survey
Study suggests further uncertainty over levies would no longer cause firms’ outlook to deteriorate
Fiscal expansion raises concerns for BI’s independence
Central bank says it will align policy to reduce cost of government spending programmes
IMF model links banks’ liquidity and capital adequacy rules
Lenders balance liquidity and solvency risk, paper says
Canada set to cut rates, given soft labour market – economists
Concerns over rising unemployment outweigh stagflation risks, say experts
