News in Systemic Risk: Thursday, January 6, 2022 (10 a.m. ET) January 6, 2022 Emerging-Market Central Bank Asset Purchases Can Be Effective but Carry Risks (Tobias Adrian, Christopher Erceg, Simon Gray, Ratna Sahay; International Monetary Fund) Minutes of the Federal Open Market Committee, December 14-15, 2021 (Federal Reserve Board of Governors) APRA provides an update on aggregate Committed Liquidity Facility (Reserve Bank of Australia) Output Gap and Potential Growth Rate (Bank of Japan) The unemployment-risk channel in business cycle fluctuations (Tobias Broer, Jeppe Druedahl, Karl Harmenberg, Erik Öberg; VoxEu)