Topics

New Look at Global Banks Highlights Risks From Higher-for-Longer Interest Rates

October 16, 2023

Charles Cohen, Srobona Mitra, Fabio Natalucci

Higher interest rates have exposed vulnerabilities in some banks, and many more would be weakened by a prolonged period of tight monetary policy

Europe Must Succeed in Restoring Price Stability

October 13, 2023

Alfred Kammer

Tighter monetary policy is starting to work. Alternatives would be more costly.

How Managing Inflation Expectations Can Help Economies Achieve a Softer Landing

October 4, 2023

Silvia Albrizio, John Bluedorn

Expectations increasingly drive inflation dynamics. Improvements in monetary policy frameworks can better inform people’s inflation expectations and thereby help reduce inflation at lower output cost.

Inflation Remains Risk Confronting Financial Markets

July 27, 2023

Tobias Adrian, Fabio Natalucci, Jason Wu

Central banks may keep interest rates higher for longer than currently priced; given investors’ benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth

Europe’s Inflation Outlook Depends on How Corporate Profits Absorb Wage Gains

June 26, 2023

Niels-Jakob Hansen, Frederik Toscani, Jing Zhou

Higher prices so far mostly reflect increases in profits and import costs, but labor costs are picking up

Central Banks Can Fend Off Financial Turmoil and Still Fight Inflation

June 5, 2023

Tobias Adrian, Gita Gopinath, Pierre-Olivier Gourinchas

But there are trade-offs between price and financial stability during times of stress, especially when inflation is high

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