Research
Fiscal policy bolsters monetary policy: Central Bank of Turkey paper
Central Bank of Turkey study shows sound fiscal policy can help achieve active monetary policy
Short-time programmes ease unemployment concerns: CEPR study
Centre for Economic Policy Research study says initiatives for short-time work programmes can help reduce unemployment during recessions
Strong US-Canadian financial linkages: Bank of Canada paper
Bank of Canada study finds strong evidence of spillover effect between financial conditions in the United States and Canada
Fed funds rate falls short: Kansas City Fed paper
Kansas City Federal Reserve study says interest rate for reserves may play larger role in Fed’s monetary policy exit plan than fed funds rate
Monetary policy impacts credit risk: CEPR paper
Centre for Economic Policy Research study examines impact of monetary policy on bank riskiness
Safe haven effects caused exchange rate swings: IMF paper
Fund study identifies source of exchange rate volatility during financial crisis
BoJ paper on Chinese cross-border capital flows
Bank of Japan study examines the impact of greater economic integration on cross-border flows in China; makes recommendations on policy prescriptions
Covered bond purchase programme a success: ECB paper
European Central Bank study says Eurosystem’s covered bond purchase was an effective policy tool
Eurosystem crisis measures averted prolonged crisis: ECB paper
European Central Bank study says introduction of unconventional monetary policy measures during financial crisis successfully provided liquidity to banking system
NY Fed paper highlights discount window stigma
New York Federal Reserve study finds evidence of stigma attached to bank lending when accessing funds from discount window during crises
Bank of Finland study finds positive innovation channel
Bank of Finland study finds positive effect of finance on growth through efficient technological innovations
BoJ study identifies capital inflow feedback loop
Bank of Japan Review study says foreign exchange intervention in emerging markets may have unintended consequences on capital flows
Bank of Finland research on moral hazard effect of collateralised loans
Bank of Finland study examines effects on moral hazard when collateral values fluctuate
NY Fed paper investigates decline in adjustable-rate mortgage
New York Federal Reserve says supply-side factors explain decline in market share of adjustable-rate mortgages in recent years
Political instability hampers growth: IMF research
Fund study shows political instability significantly reduces economic growth
Research underestimates probability of reaching zero bound: San Francisco Fed
San Francisco Federal Reserve paper says probability of hitting the zero lower bound of interest rate is often underestimated in economic research
IMF paper identifies de-dollarisation drivers in South America
Fund study says de-dollarisation of deposits and development of local capital markets key factors in Latin American countries
Spain’s monetary policy could not have prevented housing bust: IMF
Fund study says retaining the peseta would not have necessary prevented the housing collapse in Spain over the last decade
NY Fed: US consumers ease debt burdens
New York Federal Reserve study measures scope of consumer indebtedness and impact of credit issuance
Inflation in emerging markets driven by exchange rates: IMF study
Fund study shows emerging market countries exhibit strong exchange rate monetary policy channels compared to more conventional channels
Public expectations of banking supervision unrealistic: Netherlands Bank study
The Netherlands Bank study says high public expectations of banking supervision can adversely impact financial stability
Fed study on minimum wage and inequality
Federal Reserve study says impact of minimum wage declines on inequality in United States overstated
Debt management poses greater refinancing risks: Netherlands Bank
The Netherlands Bank study says greater reliance on short-term debt requires better coordination between debt managers and central banks
IMF paper investigates financial integration in Asia
Fund study finds equity and debt markets within Asian countries remain considerably more integrated with countries outside the region than within