Julian Reynolds Policymakers and market participants consistently cite geopolitical developments as a key risk to the global economy and financial system. But how can one quantify the potential m...
https://bankunderground.co.uk/2024/04/24/quantifying-the-macroeconomic-impact-of-geopolitical-risk/
Jelle Barkema, Maren Froemel and Sophie Piton Record-high firm exits make headlines, but who are the firms going out of business? This post documents three facts about the rising number of corpor...
https://bankunderground.co.uk/2024/04/18/three-facts-about-the-rising-number-of-uk-business-exits/
Natalie Burr, Julian Reynolds and Mike Joyce Monetary policymakers have a number of tools they can use to influence monetary conditions, in order to maintain price stability. While central banks ...
Samuel Smith and Marco Pinchetti Recent events in the Middle East, as well as Russia’s invasion of Ukraine, have sparked renewed interest in the consequences of geopolitical tensions for global...
https://bankunderground.co.uk/2024/04/04/the-transmission-channels-of-geopolitical-risk/
Laura Achiro, Gerry Gunner and Neha Bora A flow of funds framework is a way of understanding and tracking the movement of financial assets between different sectors of the economy. This blog spec...
https://bankunderground.co.uk/2024/04/03/flow-of-funds-and-the-uk-real-economy/
Tim Willems and Rick van der Ploeg Since the post-Covid rise in inflation has been accompanied by strong wage growth, interactions between wage and price-setters, each wishing to attain a certain...
https://bankunderground.co.uk/2024/03/28/markup-matters-monetary-policy-works-through-aspirations/
Alex Kontoghiorghes Do lower taxes lead to higher stock prices? Do companies consider tax rates when deciding on their dividend pay-outs and whether to issue new capital? If you’re thinking ‘...
https://bankunderground.co.uk/2024/03/27/another-reason-to-care-about-investment-taxes/
David Rule and Iain de Weymarn Technologies such as distributed ledgers create the possibility of new forms of digital money, whether privately-issued ‘stable coins’, tokenised commercial ban...
https://bankunderground.co.uk/2024/03/12/new-money-old-money/
Laura Achiro and Neha Bora Central banks in most advanced economies have tightened monetary policy by raising interest rates. Tighter financing conditions may make it harder for some businesses t...
Zahra Damji and Eleanor Hammerton The best purchases in life are free. How’s that possible, you ask? Well, pay with cash of course! The idea that anything bought with cash is free because the m...