Macroeconomics
People: Sarb and BoE renew senior appointments
Senior Sarb and BoE officials receive new terms; MAS picks new assistant managing director; and more
US jobless claims eclipse previous week’s record high
Economy will require more fiscal support, say current and former senior government officials
Cares Act a very good start, but US may need bigger fiscal response – Rosengren
Boston Fed president warns pandemic could have significant impact on real estate market
IMF programmes must not get too large – Bundesbank paper
Preferred creditor status can lead to large-scale IMF operations crowding out private investors
Covid-19 macro effects could last 40 years – research
Research from University of California says natural rate could take decades to return to normal
Economists must study ‘certainty shocks’ – Bundesbank paper
Policy-makers must distinguish between shocks which raise or lower certainty, researcher says
Canadian governor says central bank can buy corporate bonds outright
Poloz’s statement could mean Bank of Canada is considering QE, observers say
US health system likely to be overwhelmed – Minneapolis Fed paper
Policy-makers must support massive healthcare investment and social distancing
Fiscal effects may take several weeks to pass through – research
Economist examines lag time for Obama’s Great Recession-era fiscal package
Bank of Spain paper looks at macro-pru and growth at risk
Financial cycle, time elapsed and type of measure has major impact on effectiveness – researcher
Trump urges Fed to act on coronavirus
Fed should “cut rate big” and follow moves made by other central banks, Trump says
Riksbank research looks at older workers in Sweden
More old people may remain in labour force due to changes in laws, researcher says
Too early to speculate on coronavirus impact – Fed vice-chair
Experts urge Americans to brace for “inevitable” spread of the virus in the US
Some countries’ macro-pru measures have reduced systemic risk – IMF paper
Denmark and Czech Republic particularly successful in cutting mortgage risk, researchers find
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