Economics
Blanchard and Summers call for rethink of stabilisation policy
Both economists question consensus on fiscal prudence and advocate stricter financial regulation
IMF cautions global vulnerabilities put growth at risk
Fund calls central banks to provide needed monetary support while tackling underlying threats
Stressed banks may hamper deleveraging in eurozone periphery – ECB paper
Researchers use data on more than 400,000 companies and 900 banks from seven eurozone countries
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
Global factor playing bigger role in commodity prices, researchers say
“Single global factor” likely to be linked to demand, Banque de France paper finds
Markets upbeat on strengthening US wage growth figures
Non-farm payrolls drop slightly but wages appear to be gathering pace
Bank of Portugal expects stronger growth in 2017
Exports expected to boost GDP growth to 2.5% in 2017, up from 1.5% in 2016
Book notes: Econometrics as a Con Art, by Imad Moosa
Every central bank should have a copy of this interesting study, which holds common econometric practice under the microscope, writes Graham Bannock
Neural network can beat conventional forecasts – Kansas City Fed research
Deep learning model outperforms Survey of Professional Forecasters at all horizons
Low wage rises may hamper inflation in Sweden – IMF
Higher housing prices and private debt call for stricter amortisation requirements
Constâncio discusses possible changes to new ECB model
Modelling of aggregate consumption and expectations must improve - ECB vice-president
BIS report sheds light on innovative big data use
Central banks across the globe are turning to big data to solve a range of statistical challenges
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
Good data management key to extracting value from big data – panellists
Big data proves most useful when backed by a well-designed production chain, experts say
Non-bank stress tests must be improved – Constâncio
ECB vice-president says stress tests for non-banks still in “fledgling state”
Danish central bank advises Faroese public spending cuts
Higher salmon prices and low unemployment may overheat the economy, central bank says
ECB paper attempts rigorous testing of economic sentiment
Researchers correlate economic data from 1985 to 2016 with measures of sentiment
‘Significant non-linearities’ in debt-investment relationship, paper says
Researchers look at data from five peripheral eurozone countries
IMF paper calls for global co-operation on big data
Discussion note urges statistical authorities to “step up” their involvement in big data projects
Sovereign debt crises hit non-tradable sectors harder
A 1% increase in bond spreads associated with average decline of 3% in growth of zero-traded industries
BoE’s Vlieghe: financial sector may have pushed rates down
MPC member suggests end of gold standard seems to have lent negative skew to growth
Only 30% probability of eurozone inflation hitting target in next year, paper says
Italian researchers present composite index based on 15 indicators of price dynamics