The post-pandemic disinflation: Low sacrifice, high prices
By some criteria, the post-pandemic disinflation was a triumph for central banks in advanced economies: inflation fell sharply from 40-year highs while unemployment rates remained
Macroprudential policy for banks: Build the countercyclical capital buffer when there is headroom for doing so
Numerous central banks started to build the countercyclical capital buffer as bank profitability began to soar during the recent tightening cycle. Recent evidence suggests that
Beyond words: Fed chair voice sentiments and US bank stock price crash risk
Investors and policymakers increasingly rely on verbal guidance rather than policy moves. This column examines whether the emotional sentiment of the chair of the Federal
