Super interesting!😉 Updates and Highlights from the International and Monetary Economics Network imeneconomics.substack.com/p/our-imen-u...
International and Monetary Economics Network
@intmon.bsky.social
The International and Monetary Economics Network covers a broad range of topics in international and monetary economics. The network comprises alums of the Universities of Bern and Basel and everyone interested in international and monetary economics.
Great to see the fully revised edition of "The Resilient Society"! "The Resilient Society" by Markus K. Brunnermeier. amzn.to/4qho3vj
Food for thought! "Covered Interest Parity: The Long Run Evidence" by Olivier Accominotti, Jason Cen, David Chambers, and Victor Degorce. "we find that...deviations from the covered interest parity (CIP) condition were both large and frequent over the long-run." cepr.org/publications...
Great Books for Summer or Winter Reading: Thought-provoking, perhaps controversial, and definitely worth reading! "Global Discord: Values and Power in a Fractured World Order" by Paul Tucker. amzn.to/4fE3h5j
Super interesting! "Inside Central Bankers’ Calendars: How Do Fed Chairs Allocate Their Time?" by Thomas Drechsel and Dali Tsakadze. "This paper constructs and analyzes a novel data set covering the daily calendars of three Federal Reserve Chairs..." thomas-drechsel.com/papers/fed_c...
On September 18, the Bank of Japan (BOJ) will decide on its interest rates. What will it do? substack.com/profile/1858...
Highly relevant! "Reserves and the Buyer of Last Resort" by Frederic Boissay and Harald Uhlig. "We examine the role of central bank reserves and public liquidity when secondary markets may freeze." www.nber.org/papers/w35548
Very valuable! "The Paris Club Dataset (1956–2026): Sovereign Debt Restructuring Agreements" by van der Zaag, Jochem Date; van Mourik, Sven; Blackmon, Pamela. dataverse.harvard.edu/dataset.xhtm...
Great Books for Summer or Winter Reading! "Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy" by Jeffrey E. Garten. amzn.to/3ScleyK "Over the course of three days...President Richard Nixon and his brain trust changed the course of history."
How strong is the U.S. economy? The U.S. economy remained resilient in the first half of 2026. Will the AI boom last? Our U.S. Economy Flash August 2026: imeneconomics.substack.com/p/us-economy...
Highly relevant! "The Anatomy of Tariff Pass-through into Consumer Prices" by Mary Amiti, Sebastian Heise, and David Weinstein. "Tariffs raise the prices of goods made at home, not just the imports they tax—an effect that standard pass-through estimates largely miss..." www.nber.org/papers/w35561
Highly relevant! "Productivity and Inflation Dynamics" by Ambrosino, Chan, and Tenreyro. drive.google.com/file/d/1Okqt...
Super interesting! "Estimating the rise in expected inflation from higher energy prices" by Paula Patzelt and Ricardo Reis. "When the price of electricity increases by 1%, households’ expected inflation increases by 1.2 to 1.5 basis points." personal.lse.ac.uk/reisr/papers...
Great Books for Summer or Winter Reading! "Frank Ramsey: A Sheer Excess of Powers" by Cheryl Misak. "The story of Ramsey - his life, his ideas and his engaging arguments with others - as told by Misak is both deeply insightful and much fun to read." (Amartya Sen) amzn.to/4w90PZr
Food for thought! Monetary Policy Stance in the Euro Area: The ECB raised interest rates in June and kept them unchanged in July. Most participants in our recent poll characterize the current monetary policy stance as broadly neutral. imeneconomics.substack.com/p/our-imen-u...
Happy Birthday, Big Mac Index!🎉Not everyone likes you, but everyone knows you! "The Big Mac index we forged in London in 1986 will be 40 years old in September. What began as a playful thought experiment has taken on a life of its own." www.economist.com/interactive/...
Food for thought! "Dominant Currency Pricing and Currency Risk Premia" by Husnu C. Dalgic and Galip Kemal Ozhan. "This paper studies how dominant-currency pricing affects currency risk premia." www.imf.org/en/publicati...
Highly relevant! "The Coming Great Repression? New Measures and a Century of Evidence" by Marijn A. Bolhuis, Jakree Koosakul, Neil Shenai, and Jie Yang. "...our evidence suggests that financial repression may see increased use going forward." www.imf.org/en/publicati...
After the Fed meeting is before the next Fed meeting! Our inflation nowcasts for July currently point to persistently elevated year‑over‑year inflation. imeneconomics.substack.com/p/our-imen-u...
Super interesting! "Measuring Macroeconomic Stars: A Framework with Scarring Effects" by Manuel Gonzalez-Astudillo, Jean-Philippe Laforte, and Antoine Lepetit. www.federalreserve.gov/econres/feds...
Food for thought! "Sovereign Risk Shocks and Fiscal Rules" by Aurélien Eyquem, Céline Poilly, and Guillaume Schwegler. aeyq.free.fr/pdf/SovRisk....
Thought-provoking! "Empires, Nation-States, and Democracies: Institutions in the International Arena" by Gerard Roland. amzn.to/45tym5E
Highly relevant! "Expense shocks matter" by Scott L. Fulford and David Low. "We use a survey linked to credit bureau records to estimate expense shocks’ frequency, size, and financial implications. Expense shocks are more common and larger than income shocks." conference.nber.org/conf_papers/...
Great Books for Summer or Winter Reading: Thought-provoking, perhaps controversial, and definitely worth reading! "The Almighty Dollar 500 Years of the World's Most Powerful Money" by Brendan Greeley. amzn.to/4wCPnXe
Food for thought! "Mind the Gap: Gender Differences in Inflation Expectations" by Winnie Coleman. drive.google.com/file/d/1Bjbt...
On September 16, the Fed will decide on its interest rates. What will it do? substack.com/profile/1858...
Highly relevant! "How to Buy a Trade Surplus" by Joseph E. Gagnon and Nishtha Agrawal. "This paper estimates models that can explain nearly half of the historical imbalances, with a large share of the imbalances arising from government policies." www.piie.com/publications...
Great Books for Summer or Winter Reading: Thought-provoking, perhaps controversial, and definitely worth reading! "What Happened to Liberal Democracy?: Remaking a Politics of Shared Prosperity" by Daron Acemoglu. amzn.to/3RyLNht
Super interesting😉 Updates and Highlights from the International and Monetary Economics Network Stablecoins, public debt and interest rates, geoeconomics, and much more… imeneconomics.substack.com/p/our-imen-u...
Super interesting! "Do Vibes Predict Recessions? Evidence from a Big-Data Forecasting Framework" by Petrosky-Nadeau, Sung, Wilson. "Combining hard and soft data often improves forecast performance, suggesting that the two types of information are useful complements." www.frbsf.org/research-and...
