Macroeconomics
US exporters hit by Trump’s import tariffs – Fed paper
Firms making 80% of US exports affected by tariffs on input goods, researchers find
US is still an attractive FDI destination – Fed paper
FDI slowdown in 2017–8 due to corporate restructuring and reversing debt flows, researcher argues
Lawmakers should halt closures of Canadian bank branches – research
Bank of Canada paper urges lawmakers to look at Swedish proposal to keep remote branches open
Fed forecasters now less optimistic on growth – San Fran Fed paper
Forecasters have eliminated “overoptimism” bias in recent years, researchers find
Coronavirus is new risk to US outlook – Fed report
Virus risks disruption in China spilling over to the global economy, the Fed says
Sharon Donnery stresses international co-operation role in financial stability
Irish deputy governor explains macro-prudential measures implemented since global financial crisis
Rising US rates can be ‘good news’ for EMEs – Fed paper
Researchers examine difference in spillovers from growth- and inflation-driven rate increases
De Guindos stresses uncertainty from coronavirus outbreak
Powell and Carney said Fed and BoE are closely monitoring the virus’s impact on the economy
Economics Nobel winners feature in new podcast series
Sveriges Riksbank supports interviews featuring Richard Thaler, Angus Deaton and Paul Romer
Norges Bank’s new MPC leaves rates unchanged
Policy rate likely to be on hold for some time, Norway’s central bank says
Ageing populations will keep interest rates low – BdF paper
Housing availability can attenuate decline in rates, authors find
Central bank research may be too focused on narrow topics – paper
Network analysis finds many central banks are limited in the scope of their research
Macroeconomics is not broken
The discipline has moved beyond the neoclassical synthesis. Critics should too
2019: The year in review
The past year saw a persistent weakening of the global economy, and some radical financial innovations
BIS paper examines economic impact of macro-pru
Shocks are similar to monetary policy but transmission differs, researchers say
Paper looks at pro-cyclical consumption in Spain
Households reacted strongly to fears of job losses during economic crisis, Bank of Spain says
Eurozone bond purchases work as stabilisation tool – BoI paper
Researchers simulate effectiveness of sovereign bond purchases against both real and financial shocks
Global climate cycles create varied growth challenges – paper
The changing climate has a different impact on growth depending on a country’s normal climate, researchers find
Book notes: The Japanese central banking system compared with its European and American counterparts, by Yoshiharu Oritani
Book has “no equal” in reviewing new microeconomic theory for central banking
Negative rates not to blame for low eurozone bank profitability – Fed paper
Rates and macroeconomic environment only make up third of shortfall, researchers find
Canada’s Poloz on monetary policy limits, transparency and cyber recovery
Speaks about stagflation risks from trade wars, the value of market signals and Canada’s CBDC plans
IMF boosts financial surveillance funding
IMF seeks to improve hiring and training of economists after Independent Evaluation Office report
BdF paper uses professional forecasts to improve BVAR model
Authors use “entropic tilting and soft conditioning” to incorporate survey data into model
Falls in uncertainty may warn of coming crises – Bundesbank paper
Researchers attempt to quantify relationship between rising confidence and early signs of crisis