Monetary transmission with frequent policy events

We empirically examine the role of both official monetary policy announcements and policymakers’ speeches in the transmission of monetary policy to financial markets and the real economy in the euro area. Using intraday data covering a broad cross-section of financial assets, we construct the Euro Area Extended Monetary Policy Event-Study Database (EA-EMPD). We refine the identification of monetary policy surprises by exploiting granular, quote-level data on individual participants’ bid and ask submissions.

Men earn nearly $10,000 more than women in bonuses and overtime pay, fuelling the gender pay gap: new data

Men are earning on average A$9,753 more than women each year in the form of performance bonuses, allowances and overtime pay.

That’s according to the latest gender pay gap data released on Thursday by the Workplace Gender Equality Agency. It covers more than 8,000 private companies for 2024–25, employing more than 5.4 million workers across Australia.

What will the budget mean for economic growth? Experts give their view

Pixels Hunter/ShutterstokSince the election last year, the UK government has said economic growth is its top priority, as a way to improve living standards, cut NHS waiting lists and ease pressure on household finances. But with the Office for Budget Responsibility predicting growth this year to be a below-average 1.5%, it seems things haven’t gone entirely to plan.

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