Mexican farmworkers with H-2A visas weed a North Carolina tobacco field in 2016. Andrew Lichtenstein/Corbis via Getty ImagesThe U.S. has an important choice to make regarding agriculture.
Does the maturity of the relevant risk-free rate influence the strength of monetary policy pass-through to interest rates on new loans? To address this question, we present novel empirical evidence on lending practices across all euro area countries, using AnaCredit data covering nearly seven million new loans issued to non-financial corporations in 2022–2023. We document substantial variation in (a) the prevalence of fixed- vs floating-rate loans, (b) rate fixation periods, and (c) reference rates.
We examine the link between the diffusion of artificial intelligence (AI) enabled technologies and changes in the female employment share in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level, we find that on average female employment shares increased in occupations more exposed to AI. Countries with high initial female labor force participation and higher initial female relative education show a stronger positive association.
Does the maturity of the relevant risk-free rate influence the strength of monetary policy pass-through to interest rates on new loans? To address this question, we present novel empirical evidence on lending practices across all euro area countries, using AnaCredit data covering nearly seven million new loans issued to non-financial corporations in 2022–2023. We document substantial variation in (a) the prevalence of fixed- vs floating-rate loans, (b) rate fixation periods, and (c) reference rates.
We examine the link between the diffusion of artificial intelligence (AI) enabled technologies and changes in the female employment share in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level, we find that on average female employment shares increased in occupations more exposed to AI. Countries with high initial female labor force participation and higher initial female relative education show a stronger positive association.
This box summarises the findings of recent contacts between ECB staff and representatives of 72 leading non-financial companies operating in the euro area. According to these exchanges, which took place between 23 June and 2 July, activity growth had slowed in recent months as geopolitical and tariff-related uncertainty dented business and consumer confidence. The employment outlook had consequently also worsened. Price growth was moderating, mainly due to downward pressure on prices in the manufacturing sector caused by weak demand and increased import competition.
RobynRoper/Getty ImagesThe alarming rise of butter prices has become a real source of frustration for New Zealand consumers, as well as a topic of political recrim
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A groaning inbox by 6am? Nanci Santos Iglesias/ShutterstockIf your first task of the day is triaging a bulging inbox at 6am, you are not alone.
Today, the Prudential Regulation Authority (PRA) published policy statement (PS) 9/25 containing its final policy and its feedback to responses received to consultation CP15/24.
