Europe
ECB selects possible topics for new banknotes
“European culture” and “rivers and birds” enter final selection phase
Most heads of research are responsible for sign-off on research
Peer-reviewed papers remain most-used metric for measuring research success
Lower eurozone inflation fuels rate cut speculation
Some analysts expect start of easing cycle earlier in 2024
Central banks average 11 working papers over the past year
Just over a quarter of central banks run research blogs
German inflation falls to 2.3% in November
Falling energy prices lower inflation in the eurozone’s main economy
Central banks prioritise inflation dynamics research
Middle income institutions tend to have much widest research interests
Time series model is top tool for forecasting and research
Use of machine learning models for research purposes surges year on year
Cyprus central bank defends supervision after sanctions-busting claims
Prime minister pledges report after media investigation says Russians used local firms to dodge sanctions
Economic growth and inflation are most-forecast variables
Private debt, commodity prices and market interest rates rank as laggards
ECB willing to hike rates further, say minutes
Governing council stresses it needs to be persistent and vigilant to bring inflation to 2% target
Most new economic staff hired as fresh graduates
Recruits from private sector, academia make up smaller portion of new hires
Proportion of central bank economists with PhD rises
Central banks split on funding economic staff with PhD aspirations
Eurozone banks show “early signs of stress”, ECB warns
High interest rate will test eurozone’s resilience while some non-banks are at risk, review says
Median salary of central bank economists rises as inflation bites
Income remains less aligned with GDP per capita of participating countries
Supervisors see promise in AI but warn data remains key
IMF’s “StatGPT” project has promise but data problems are hard to solve, Regnology panellists say
Economics department staff total just over 70 on average
Average number of research economists remains smaller than policy economists
Lagarde calls for stronger EU securities and markets authority
ECB president stresses completing capital markets union is essential to deal with deglobalization, ageing and climate change
European Commission lowers 2023 GDP growth forecast
EC expects eurozone economy to expand by 0.6% this year
Party’s over as more banks drop internal models for market risk
At least three systemic banks in Europe intend to ditch IMA for capital requirements
BoE promises new ‘rulebook’ for clearing houses and CSDs
Official says post-Brexit arrangements will be ‘more adaptable and dynamic’
Eurozone consumers’ 12-month inflation expectations increase
Median expectations for inflation rose to 4% in September from 3.5% in August
Schnabel warns next disinflation phase will be harder
Base effects, core inflation and supply-side risks threaten the outlook, she says
Most central banks forecast currency demand over 1–3 years
Minority of institutions use big data for forecasting purposes
Fewer than 100 staff work in currency divisions on average
Duties including upholding Covid-19 countermeasures in some jurisdictions