Monetizing Privacy with Central Bank Digital Currencies (Liberty Street Economics, 6 min read)

Fintech in Europe: Promises and Threats (IMF, 28 pages)

Sudden Stops and Optimal Foreign Exchange Intervention (NBER, 42 pages)

An Early Stablecoin? The Bank of Amsterdam and the Governance of Money (BIS, 36 page read)

Beyond the Election: What Doesn’t Change Will Be a Lot More Than What Does (Bridgewater Associates, 6 min read)

The Slope of the Phillips Curve: Evidence from U.S. States (NBER, 41 page read)

Bank of England: Six Answers On Negative Interest Rates  (ING Bank, 7 min read) 

Bank Capital, Loan Liquidity, and Credit Standards since the Global Financial Crisis (Liberty Street Economics, 3 min read) 

Digital Money Across Borders: Macro-Financial Implications (IMF, 34 page read)

Quantitative Easing Policies And Exchange Rates (VoxEU, 4 min read)

Who’s Afraid of Rules-Based Monetary Policy? (Project Syndicate, 5 min read)

Negative rates explained: should UK investors prepare? (Schroders,6 min read)

Fifty Shades of QE: Central Bankers Versus Academic (VoxEU, 3 min read)

The Eurosystem: An accident waiting to happen (Vox EU, 10 min read)

The Danger of Following the Fed (Project Syndicate, 4 min read)

Average inflation targeting and household expectations (Vox EU, 6 min read)

Raising taxes could tip us back into recession (The Article, 5 min read) George Magnus argues there is no need to raise taxes. [Bearish UK assets]

The Siren Song of Austerity (Project Syndicate, 4 min read)

The Democrats’ problem in the Senate, explained (The Bonddad Blog, 3 min read)

Why Biden Can Overcome Political Gridlock (Project Syndicate, 5 min read)

The Democrats’ Four-Year Reprieve (Project Syndicate, 4 min read)

Putin’s Flatlining Economy (Project Syndicate, 4 min read)

Political polarisation and expected economic outcomes (VoxEU, 6 min read)

Trump’s phase one trade deal with China and the US election (Peterson Institute For International Economics, 12 min read)

How Likely Is It that Courts Will Select the US President? The Probability of Narrow, Reversible Election Results in the Electoral College versus a National Popular Vote (NBER, 22 page read)

The Psychology of Trump’s Debate Rudeness (Project Syndicate, 4 min read)

Bidenomics versus Trumponomics (OMFIF, 3 min read)

Scotland after Sterling (Project Syndicate, 4 min read)

Post-COVID Capitalism (Project Syndicate, 4 min read)

3 Reasons to Expect Election Result Delays (Schwab, 3 min read)

Regional Heterogeneity and US Presidential Elections (INET, 35 page read)

Most Americans Want To Wait Until After The Election To Fill The Supreme Court Vacancy (FiveThirtyEight, 6 min read)

The Youths Are Coming For The Housing Market (A Wealth of Common Sense, 3 min read)

Everybody Lies: Pollster Edition (A Wealth of Common Sense, 3 min read)

It Is Time To Scrap the IMF’s Reserve Adequacy Metric (CFR, 6 min read)

Dominant Currencies: How Firms Choose Currency Invoicing And Why It Matters (NBER, 37 page read)

The Changing Nature of Turkey’s Balance Sheet Risks (CFR, 4 min read)

Machine Learning the News for Better Macroeconomic Forecasting (Bank Underground, 5 min read)

Why category leading brick and mortar retailers are likely the biggest long term COVID beneficiaries (Gavin Baker,13 min read)

Machine learning the news for better macroeconomic forecasting (Bank Underground, 5 min read)

Global connectedness and market power make firms more resilient to domestic COVID-19 shocks (Vox EU, 6 min read)

Covered Interest Parity in long-dated securities (Norges Bank, 33 page read)

Greater inflation risks ahead (BlackRock, 5 pages read)

How Traders Used Google Searches To See The Economic Recovery In Real Time (Bloomberg Odd lots, 41 min listen)

An Apocalypse Foretold: Climate Shocks and Sovereign Defaults (IMF, 14 page read)

Green bond issuance set to double by 2023 after hitting $1trn (Expert Investor, 2 min read)

Building ESG momentum in US equities (Amundi, 7 min read)

The Core of the ECB’s New Strategy (Project Syndicate,4 min read)

Green Asset Pricing (ECB, 35 page read)

ESG investing looks like just another stock bubble (Advisor Perspectives, 3 min read)

Economic Aspects of the Energy Transition (NBER) Paper argues that we are not correctly accounting for the increase in electricity prices.

Forced Feminist Firms  (NBER, 34 page read) Reduced turnover, increased productivity and female leadership are important mechanisms leading to observed performance gains of private and public firms. Mounting pressure to improve female representation can, therefore, lead to positive growth externalities. 

Competition Heats Up For ESG ETFs (Banking Exchange, 3 min read) New data finds ‘number of tracker funds with a dedicated ‘sustainable’ focus hit 534 by the end of the second quarter of 2020.’

Did ESG improve resiliency during Q1 (Jon Hale, 8 min read) Summarises recent academic papers and finds ‘companies valuing stakeholders during pandemic had higher institutional flows and less negative returns’. [Bullish ESG]