HONG KONG: Weighing the latest evidence on a potential foreign exodus
Hong Kong has purchased enough vaccines for the city’s entire population, but distrust of the government is fueling vaccine hesitancy. As of 1 June, only 21% of the city’s total population of 7.5mn had received at least one vaccine dose, and 16% had received two. Last month, a he… Become a member to read […]
The Divergent Signals about Labor Market Slack
Troy Gilchrist and Bart Hobijn
WEEKLY POLITICAL COMPASS
In China, three children will be allowed per family. Peru’s presidential run-off election takes place this week. A regional election will be held in Germany. Meanwhile, BRICS nations’ foreign ministers will meet virtually, Latvia’s municipal elections could have national implicat… Become a member to read the rest of this article
The pricing of carbon risk in syndicated loans: which risks are priced and why?
Do banks price the risks of climate policy change? Combining syndicated loan data with carbon intensity data (CO2 emissions relative to revenue) of borrowers across a wide range of industries, we find a significant “carbon premium” since the Paris Agreement. The loan risk premium related to CO2 emission intensity is apparent across industries and broader than that due simply to “stranded assets” in fossil fuel or other carbon-intensive industries. …
Measuring price selection in microdata: it's not there
European Central Bank Working Papers by Peter Karadi, Raphael Schoenle and Jesse Wursten
Monetary Policy, Trends in Real Interest Rates and Depressed Demand
Bank of Canada Working Papers by Paul Beaudry and Césaire Meh
Consumer Cash Withdrawal Behaviour: Branch Networks and Online Financial Innovation
Bank of Canada Working Papers by Heng Chen, Matthew Strathearn and Marcel Voia
A New Measure of Monetary Policy Shocks
Bank of Canada Working Papers by Xu Zhang
Bank Runs, Bank Competition and Opacity
Bank of Canada Working Papers by Toni Ahnert and David Martinez-Miera