Shadow banks and interest rates
New research on shadow banks in the mortgage market: low interest rates fueled their surge, high interest rates are boosting their mortgage lending.
Climate-related migration in the U.S.
How does climate change affects international and domestic migration in the U.S.
On the remuneration of bank reserves
Should central banks continue to provide liquidity directly to banks and other financial institutions?
On effective communication
Interesting new research on a) how ethnic and gender diversity of the FOMC affect receptiveness to monetary policy messaging; b) how lexical inconsistency in corporations’ sustainability reports raises suspicions of greenwashing.
Geoeconomics and the dollar
Are sanctions eroding the dollar’s dominance? The empirical evidence and a theoretical model.
A more cautious approach to climate policy
Is monetary policy an efficient climate tool? On the importance of sequencing decarbonization policies.
New and noteworthy books in economics (November)
For this month we selected four books that raise the alarm on central banks’ aggressive strategies, the crises of modern economies, and the scale of the environmental problem.
Dollarization in Argentina
Inflation in Argentina is currently 100 percent. Is dollarization is good solution for a country with limited dollar reserves?
Dollar appreciation in periods of high global risk
What is the impact of dollar appreciation on the transmission of global risk? Does it help the world economy in coping with global risk shocks or does it amplify their adverse impact?
Biases in academic research
Recent research papers identify both political and corporate funding bias in economic research.