Research
Eurozone consumers’ smart payments use limited – ECB paper
Many customers believe merchants do not accept non-cash methods, researchers say
Well-designed CBDC can fulfil role of cash – BoC paper
Researchers argue digital retail public money is necessary to avoid fragmentation
French energy ‘tariff shield’ cut inflation by 2.6% in 2022 – report
Authors say measures helped to boost household purchasing power and corporate margins
US unemployment or inflation will worsen if vacancies do not fall – study
Research says “last mile” in tackling inflation will depend on developments in labour market
Regional disparities wider among EU’s newer members – study
Research shows that the poorer the country, the bigger the gap between its capital and its regions
BoE economists hunt ‘driving forces’ of forecast errors
“Systematic” study of mistakes finds wage growth and expectations could have been modelled better
Automated market-makers create market integrity and stability risks – research
Canadian research warns of real economy impact, depending on level of interconnection
Policy should ‘accommodate’ core inflation to ward off unemployment – paper
Central banks can help insulate vulnerable households in event of energy shock
Politicians not ‘blindly’ ideological when judging ECB – research
Right-wingers prefer narrowly focused mandate but data shapes all representatives’ views, paper says
Cash use on the decline in Germany
Card and mobile payments gain ground as cash’s share of payments falls to 51% in 2023
Aggressive monetary policy hits poorer harder – research
New York Fed authors find stabilising demand shocks has positive distributional outcomes
New NBER research sheds light on ‘cheapflation’
Savings from price discounts partially offset by price hikes for cheaper products
Dollar exchange rate variation affects prices less than euro – Riksbank study
Krona-dollar depreciation often coincides with downturn in demand
‘Selective memory’ helps explain expectation de-anchoring – paper
Authors build model around three “regularities of human recall”
Sexual orientation impacts financial wellbeing – Fed research
Gay, lesbian and bisexual people “significantly more financially vulnerable than previously understood”
Canadian rate hikes may have lasting effects – research
Bank of Canada researchers find disposable income could decrease by up to 5% by 2027
US inflation’s last mile ‘could take several years’ – Cleveland Fed
Favourable shocks are necessary to reach 2% quickly, researcher argues
Trademark confusion influences US depositors, Fed paper finds
Federal Reserve Board researchers find a similar name to a failed bank decreases deposits
Economists explore 200 years of data on sovereign defaults
“Serial restructurings” are on the rise, with investors taking an average haircut of 45%
Removing discount window stigma is difficult – NY Fed
Authors recommend creating a new facility and mandating regular usage
Transitioning to renewables could reduce shock impact – research
Authors say Brazilian economy may serve as a model in the clean energy transition
Build up CCyB gradually over financial cycle, says ECB paper
Even partially built-up buffers help during a shock, researchers argue
QE liquidity boosts investment into EMEs, paper finds
Economists propose new mechanism for QE spillovers to emerging market economies