We introduce shocks to the availability of US dollar funding for non-US financial intermediaries in a two-country New Keynesian model with financial frictions. Such dollar shortages lead to uncovered interest rate parity deviations and have a significant negative effects on the macroeconomy....

This workshop aims to provide a discussion forum on innovative research and to promote the exchange of views for issues related to central banking among researchers of the Bank of Albania, other central banks, academia and other research institutions. Topics of interest: - What causes inflation?...

The Deutsche Bundesbank is organizing the eleventh Term Structure Workshop to stimulate the discussion of current developments in the field of yield curve modelling and macro finance. The one-day workshop will bring together researchers from central banks, universities and the financial sector.

The Eurosystem has launched the investigation phase of a digital euro project. Many other jurisdictions are also exploring options for central bank digital currencies. The European Commission has announced a legislative proposal on a digital euro for early 2023. In this context, the conference...

The ECB’s annual conference on money markets brings together academics, market practitioners and central bankers to discuss the key developments in money markets, monetary policy implementation and central bank operational frameworks. Through a combination of research presentations, keynote...

We present evidence that the rise in inflation in Japan since 2014 is a result of a hidden stagflation: the relative prices of durable consumption and ICT investment goods stopped declining, reflecting technology stagnation and exerting an inflationary pressure on the economy and; the real side...

Focus: the use of high-dimensional data. Advanced analytics techniques, such as the analysis of large and unstructured novel data sources, or the application of techniques derived from machine learning and artificial intelligence, offer new insights into problems in economics and finance. These...

The Federal Reserve Board and the Federal Reserve Bank of New York are jointly organizing the inaugural conference on the International Roles of the U.S. Dollar. The organizers welcome theoretical and empirical paper submissions that address the drivers, consequences, and implications of the...

THE EVENT HAS BEEN POSTPONE TO A FUTURE DATE! The organizing committee invites submissions in the following areas (non-exhaustive) - Monetary Policy effectiveness with public private currency competition - Trade, FX volatility with cross-border CBDC - Macroprudential policy for the digital age -...

Topics: - Global inflation and the natural rate of interest: understanding drivers, persistence, and longer-term outlook; - Global commodity cycle; - Global spillovers from unconventional monetary policies, tapering, and central bank communications; - International monetary policy interaction and...