Research
Elections influence bank lending in eurozone, study finds
Bank of Finland research suggests pre-poll uncertainty raises cost of loans
Expect more soft landings – Dallas Fed study
Nature of current job vacancies in US is helping to keep unemployment levels stable, research finds
BIS research points to ‘slower disinflation ahead’
Breakdown of post-Covid surge finds services prices playing bigger role
Minimum reserves are stabilising force – Bank of Italy study
Paper compares different mechanisms and their utility in floor and corridor regimes
NBER paper tracks shift to ‘arms-length’ finance
Authors assess three drivers of move from bank lending to securities-based finance
US students struggling to repay loans after end of relief – study
Survey found borrowers unable, or unwilling, to service debt after pandemic support ceased
Supply shocks driving eurozone inflation, ECB study finds
Rising food and energy costs are main contributors, along with hangover effects from pandemic
Long-term real rates will be low in US – Minneapolis Fed study
Dampened productivity and ageing population will drag down actual cost of borrowing, say authors
‘Cost of money’ explains depressed US consumers – NBER research
Larry Summers and co-authors highlight “disconnect in inflation measurement”
Philly Fed study shows growth in ‘buy now, pay later’ products
Users of deferred-payment schemes are generally people in financial difficulty, say authors
Fight against inflation is not over yet – BoK research
Authors call for holistic assessment of rising prices, despite encouraging signs in major economies
IMF economists study emergence of ‘zombie banks’
Country-level factors tend to be more important than bank-level ones, authors find
Machine learning can increase credit access – Philadelphia Fed
However, study finds trade-off between profit and fairness
Minneapolis Fed study cites credit barriers for Native Americans
Authors say indigenous-owned businesses suffer unduly from limited access to loans
ECB research examines big issues affecting productivity
Reports assess impact on eurozone of digitisation, climate change and pandemic lockdowns
Local banks key to mitigating climate-related risks – BDE paper
Study finds “outsider” banks less responsive to needs of companies affected by wildfires
Pandemic inflation fuelled by food and energy prices – BoJ study
Inflation in Japan and US driven by similar product market shocks, research finds
Monetary policy more effective when inflation is high – NY Fed
Study casts doubts on linear models that average out impact during periods of high and low inflation
RBI challenges IMF’s call for larger fiscal consolidation
Study argues bigger budget cuts not necessary if government focuses on development spending
CBDCs may require hard limits, Netherlands Bank paper finds
Study says digital currencies could make people better off if transitions are well-managed
Banking deserts increase in ‘majority-minority’ areas of US
Dearth of facilities disproportionately affects non-white citizens and people with disabilities
Carbon price has only ‘modest’ impact on inflation – IMF paper
Countries could use drop in energy prices to deliver on climate goals, authors say
Inflation memories pass from parents to children – research
Fear of hyperinflation influences behaviour across generational divides
Profit now key driver of inflation, BIS research finds
Recent surge in prices “fundamentally different” to that of the 1970s