Economics
Book notes: Virtuous bankers: a day in the life of the 18th-century Bank of England, by Anne L Murphy
A bottom-up account of how clerks managed operations and enhanced the BoE’s reputation
Central banks need caution in easing policy, IMF says
World Economic Outlook says most indicators still point to soft landing
Bernanke calls for total redesign of BoE forecasting
Report calls for major changes to infrastructure, core models, staffing, communications and more
Bank of England: time for fourth-generation forecasting tools?
Economists suggest ways to improve BoE’s framework ahead of Bernanke’s report
A new climate of change
Central banks are warming up to address climate risks just as US interest cools
Federal Reserve posts largest operating loss ever
As of March 21, the Fed owed $157.8 billion to an accounting device, a “deferred asset”
Digital money could boost Pacific island economies – IMF research
Loss of correspondent banking relationships may be offset by digital money infrastructure
Central Banking Awards 2024: third group of winners revealed
Climate model wins economics award; DNB, Fed and Central Bank of Kenya also recognised
BoE paper models impact of fossil fuel ban
Degree to which renewables could replace petrol and gas would be key factor, research says
Expect more soft landings – Dallas Fed study
Nature of current job vacancies in US is helping to keep unemployment levels stable, research finds
Minimum reserves are stabilising force – Bank of Italy study
Paper compares different mechanisms and their utility in floor and corridor regimes
Hong Kong eases homebuying curbs to support real estate market
HKMA relaxes mortgage rules and government removes cooling measures
ECB research examines big issues affecting productivity
Reports assess impact on eurozone of digitisation, climate change and pandemic lockdowns
China makes record cut to mortgage reference rate
PBoC unveils 25bp reduction in five-year LPR in further bid to revive flagging property sector
Escaping the structural liquidity trap
Investment needs to be subsidised not taxed if developed countries want to avoid inflation and financial crises, writes Andrew Smithers
Ethnic minorities ‘more likely to be homeless in US’ – Fed study
Point-in-time data shows Black and Native American citizens disproportionately affected
Unconscious bias ‘blights female economists’ career prospects’
Bank of Italy study examines impact of referral letters for male and female job candidates
‘Brace, brace’: quants say soft landing is unlikely
Investors should prepare for sticky inflation and volatile asset prices as central banks grapple with turning rates cycle
Training central bank communicators
The skills needed for communicating in a social media and artificial intelligence world
ECB paper examines household inflation differences
French and German consumer data shows heterogeneity is driven by product choice, research finds
Spike in oil prices ‘could boost South Korean economy’
BoK researchers say a rise driven by higher global economic activity might boost domestic growth