Edward Herbst and Karen PageMultiple-horizon forecast panels are increasingly used to infer perceived monetary policy rules, but inference depends on how coefficients are pooled across forecasters, dates, and horizons. We treat this pooling structure as the object of inference.
Erik Heitfield, Mallick Hossain, and Katie MerrittUsing fine-grained data on 465,000 Florida home sales over twelve years and semiparametric machine learning methods, we examine how home prices respond to weather-related risk factors.
Daniel Beltran and Canlin LiWe develop a rich demand system framework to quantify the yield effects of shifts in U.S. Treasury supply and demand. Our model captures time-varying holdings shares and estimates sectoral demand elasticities using instrumental variables.
The Transaction and Post-trade Reporting Harmonisation Taskforce, through its three working groups, will help inform the design of the Bank and FCA’s long-term approach to harmonising UK MiFIR, UK EMIR and UK SFTR reporting requirements
Greece’s industrial turnover recorded another strong rise of 16.4 percent year-on-year (YoY) in July, from 19.6 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
This paper examines how bank capital conditions the effect of competition on credit risk in lending markets, informing the debate on banking competition, deregulation, and risk-based supervision. Using ECB supervisory data for 146 euro area banks across 19 countries over 2020Q2–2025Q3, we analyze whether this relationship depends on banks’ regulatory capital positions. We find that greater market power is associated with higher subsequent credit risk, while stronger capitalization is associated with lower risk.
This paper examines how bank capital conditions the effect of competition on credit risk in lending markets, informing the debate on banking competition, deregulation, and risk-based supervision. Using ECB supervisory data for 146 euro area banks across 19 countries over 2020Q2–2025Q3, we analyze whether this relationship depends on banks’ regulatory capital positions. We find that greater market power is associated with higher subsequent credit risk, while stronger capitalization is associated with lower risk.
Using exogenous variation generated by the creation of the Single Supervisory Mechanism (SSM) in the euro area, we find that relative to firms borrowing from banks subject to national supervision, firms borrowing from banks subject to supranational supervision reduce their share of intangible assets. This effect does not pre-date the supervisory reform and it does not obtain in non-SSM jurisdictions.
Using exogenous variation generated by the creation of the Single Supervisory Mechanism (SSM) in the euro area, we find that relative to firms borrowing from banks subject to national supervision, firms borrowing from banks subject to supranational supervision reduce their share of intangible assets. This effect does not pre-date the supervisory reform and it does not obtain in non-SSM jurisdictions.
Kyriakos Mitsotakis used his first television interview after the Thessaloniki International Fair on Thursday to address two issues that are having a major impact on the political landscape: the looming surge in energy prices and the increasingly complex arithmetic of the next general election
