Steel blast furnaces in Scunthorpe, UK. Baxter Media/ShutterstockOne major consequence of the UK government’s resistance to rejoining the European single market is that it is forced to go around the world seeking trade deals and investment.
antoniodiaz/ShutterstockFor generations, young people have been told the path to opportunity is clear. Study hard, get a degree, and success will follow.
For more than a decade, the French robotics company Aldebaran has built some of the most popular robots used in academic research. Go to most university robotics departments and you’ll find either Pepper, the iconic three-wheeled humanoid robot, or its smaller two-legged sibling, Nao.
This paper provides the first study of climate risk pricing in euro area commercial real estate markets. We pay particular attention to changes in risk pricing over time, as a sudden market shift may significantly amplify the financial stability and macroeconomic implications of these risks. We find evidence of investors applying a penalty to buildings exposed to physical risk and that this penalty has increased significantly over the 2007-2023 period we study, particularly for properties exposed to risks associated with climate change.
The number of older people in the EU has increased markedly in recent decades and is projected to go on rising. This trend may pose challenges to financial stability given the adjustments needed in both the real economy and the financial sector to adapt to the demands of an ageing society.
The market capitalisation of crypto-assets has surged recently, fuelled by positive and broadening investor interest, including from traditional finance. Several key financial stability risks associated with crypto-assets have been identified in past editions of this publication and by the Financial Stability Board. They include, among others, interconnectedness with traditional finance
This article provides an update regarding the timeline of implementing changes for country grouping conventions used in statistics covering the international business of monetary financial institutions operating in the UK and the consolidated claims of UK headquartered monetary financial institutions.
The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.
Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.
Tobias Adrian, Domenico Giannone, Matteo Luciani, and Mike WestWe introduce methodology to bridge scenario analysis and model-based risk forecasting, leveraging their respective strengths in policy settings. Our Bayesian framework addresses the fundamental challenge of reconciling judgmental narrative approaches with statistical forecasting.
