Yale School of Management

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News in Systemic Risk: Wednesday, September 30, 2020 (10 a.m. ET)

September 30, 2020
Avoiding economic anxiety - speech by Andy Haldane (Andy Haldane; Bank of England ) Foreign exchange intervention and financial stability (Pierre-Richard Agénor, Timothy Jackson and Luiz Awazu Pereira da Silva; Bank for International Settlements) The New York Fed DSGE Model Forecast—September 2020 (William Chen, Marco Del Negro, Keshav Dogra, Shlok Goyal, Alissa Johnson; Federal Reserve Bank of New York) The monetary policy strategy review: some preliminary considerations (Christine Lagarde; European Central Bank) Is the US dollar shirking its "exorbitant duty"? (Olivier Jeanne, Jeongwon Son; Peterson Institute for International Economics) Fifty Shades of QE: Conflicts of Interest in Economic Research (Brian Fabo, Martina Jančoková, Elisabeth Kempf, Ľuboš Pástor; National Bureau of Economic Research) Continue reading “News in Systemic Risk: Wednesday, September 30, 2020 (10 a.m. ET)”

News in Systemic Risk: Tuesday, September 29, 2020 (10 a.m. ET)

September 29, 2020
Survey of Consumer Finances (SCF) (Federal Reserve Board of Governors) ECB amends monetary policy implementation guidelines (European Central Bank) Global financial markets and oil price shocks in real time (Fabrizio Venditti, Giovanni Veronese; European Central Bank) How loose, how tight? A measure of monetary and fiscal stance for the euro area (Nicoletta Batini, Alessandro Cantelmo, Giovanni Melina, Stefania Villa; Bank of Italy) BoE considering green conditionality for corporate bond-buying (Central Banking) Continue reading “News in Systemic Risk: Tuesday, September 29, 2020 (10 a.m. ET)”

News in Systemic Risk: Monday, September 28, 2020 (10 a.m. ET)

September 28, 2020
Could Covid-19 lead to higher bank losses on unsecured debt? (Bank of England) Hutchins Roundup: Small businesses, foreign investment, and more (Sophia Campbell, Lorena Hernandez Barcena, David Wessel; Brookings Institution ) Fiscal federalism and the COVID-19 shock in the US (Jeffrey Clemens, Stan Veuger; VoxEU) Fed will calibrate NSFR to avoid hurting repo (Philip Alexander; Central Banking) A Theory of Foreign Exchange Interventions (Sebastián Fanelli, Ludwig Straub; National Bureau of Economic Research) Continue reading “News in Systemic Risk: Monday, September 28, 2020 (10 a.m. ET)”

News in Systemic Risk: Thursday, September 24, 2020 (10 a.m. ET)

September 25, 2020
Monetary Policy Report with Financial Stability Assessment (Norges Bank) Optimism in the Time of COVID (Randal K. Quarles; Federal Reserve Board of Governors) Tracking compliance with EU fiscal rules: A new database of the Secretariat of the European Fiscal Board (Martin Larch, Stefano Santacroce; VoxEU) Nigerian central bank cuts rates despite rising inflation (Dan Hardie; Central Banking) Regulation of the European Parliament and of the Council on Markets in Crypto-assets, and amending Directive (European Commission) Continue reading “News in Systemic Risk: Thursday, September 24, 2020 (10 a.m. ET)”

News in Systemic Risk: Friday, September 25, 2020 (10 a.m. ET)

September 25, 2020
Turkish central bank raises rates unexpectedly (Central Banking) Evaluation of too-big-to-fail reforms: Lessons for the COVID-19 pandemic (Claudia M. Buch; VoxEU) Securing China’s Post-Pandemic Recovery: Deepening Reforms and Pursuing Rebalancing (Geoffrey W.S. Okamoto; International Monetary Fund) Financial conditions, business cycle fluctuations and growth at risk (Andrea Falconio, Simone Manganelli; European Central Bank) What reforms does the US financial system need? (Nicolas Véron, Atif Mian, Patrick Honohan (PIIE); Peterson Institute for International Economics) Continue reading “News in Systemic Risk: Friday, September 25, 2020 (10 a.m. ET)”

"Prioritizing Wall Street": Report by Select Subcommittee on Fed’s Corporate Bond Purchases

September 24, 2020
On September 23, the United States House of Representatives Select Subcommittee on the Coronavirus Crisis released a report investigating corporate bond purchases by the Federal Reserve (Fed) in response to the economic downturn caused by COVID-19. Continue reading “"Prioritizing Wall Street": Report by Select Subcommittee on Fed’s Corporate Bond Purchases”