The New Democracy government is promising a crackdown on illegal migration and a new framework for legal routes into the country as part of an effort to restart the agenda in response to falling ratings and a rise in the popularity of far-right parties.
We investigate the interaction between monetary and macroprudential policy in affecting banks’ lending and risk-taking behaviour using rich euro area credit registry data and exploiting a unique setting that combined a sharp and unexpected monetary tightening with a wave of macroprudential tightening initiated before.
This paper analyzes the private production of safe assets and its implications forfinancial stability. Financial intermediaries (FIs) originate loans, exert hidden effort toimprove loan quality, and create safe assets by issuing debt backed by the safe paymentsfrom (i) their own loans and (ii) a diversified pool of loans from all intermediaries. Ishow that the interaction between effort and diversification decisions determines theaggregate level of safe assets produced by FIs.
We investigate the interaction between monetary and macroprudential policy in affecting banks’ lending and risk-taking behaviour using rich euro area credit registry data and exploiting a unique setting that combined a sharp and unexpected monetary tightening with a wave of macroprudential tightening initiated before.
This paper analyzes the private production of safe assets and its implications forfinancial stability. Financial intermediaries (FIs) originate loans, exert hidden effort toimprove loan quality, and create safe assets by issuing debt backed by the safe paymentsfrom (i) their own loans and (ii) a diversified pool of loans from all intermediaries. Ishow that the interaction between effort and diversification decisions determines theaggregate level of safe assets produced by FIs.
This article investigates how firms transmit monetary policy shocks to individual labour market outcomes at both the intensive and extensive margins. Using matched employer-employee administrative data from Germany, we study the effects of monetary policy shocks on individual employment and of labour income conditioning on characteristics of workers and firms. First, we find that the employment of workers at young firms is especially sensitive to monetary policy shocks.
Big data reveals where opportunity thrives—and where it vanishes—offering powerful tools to reverse the decline in economic mobility.
Julio Javier Vargas/ShutterstockIn the US, under president Donald Trump, rapid assaults on civil servants’ rights, including their rights to speak out about wrongdoing, are increasingl
Whether it's selling at a market or working in the home or in the field, south Asian women are contributing to their economies. Florian Augustin/ShutterstockAs a child, I lived with my grandmother in a rural village in Sri Lanka where women often played an active economic role – working in sectors like farming, technology, sewing, household work or some other area.
Prostock-studio/ShutterstockIn an era where screens dominate our daily lives, a silent epidemic is sweeping the globe. Digital eye strain, a condition once relegated to the fringes of occupational health concerns, has emerged as a significant public health issue affecting millions worldwide.
