Private equity buyouts and firm exports: evidence from UK firms
This paper examines the impact of private equity buyouts on the export activity of target firms. We exploit data on UK firms over the 2004-2017 period, and use difference-in-differences estimations on matched target versus non-target firms.
Statedependent fiscal multipliers and financial dynamics An impulse response analysis by local projections for South Africa
South African Reserve Bank Working Papers by Serena Merrino
Corporate debt booms, financial constraints and the investment nexus
Bank of England Working Papers by Bruno Albuquerque
Mortgage pricing and monetary policy
Bank of England Working Papers by Matteo Benetton, Alessandro Gavazza and Paolo Surico
Is window dressing by banks systemically important?
We study banks’ year-end window dressing in the European Union to assess how it affects the identification of global systemically important banks (G-SIBs) and the associated capital surcharges.
The currency that came in from the cold – Capital controls and the information content of order flow
Central Bank of Iceland Working Papers by Francis Breedon, Thórarinn G. Pétursson and Paolo Vitale
The changing link between labor cost and price inflation in the United States
European Central Bank Working Papers by Elena Bobeica, Matteo Ciccarelli and Isabel Vansteenkiste
Fifty shades of QE: comparing findings of central bankers and academics
European Central Bank Working Papers by Martina Jančoková, Ľuboš Pástor, Brian Fabo and Elisabeth Kempf
Macroeconomic effects of Covid-19: a mid-term review
This article provides an interim assessment of the macroeconomic consequences of the Covid-19 pandemic. Estimates suggest a median output loss of about 6.5% in 2020, a gap that is expected to narrow to around 4% of the pre-pandemic trend by the end of 2021.
Sharing asymmetric tail risk: smoothing, asset pricing and terms of trade
Crises and tail events have asymmetric effects across borders, raising the value of arrangements improving insurance of macroeconomic risk. Using a two-country DSGE model, we provide an analytical and quantitative analysis of the channels through which countries gain from sharing (tail) risk.