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(1) How Costly Are Contractions In Bank Credit? (5 min read)
Worsening credit conditions in periods of economic expansion can be very costly for economies, finds a new IMF working paper. Sam van de Schootbrugge explains why.
(Sam van de Schootbrugge │ 28th April, 2021)
(2) Weekly Vaccination Update: US Vaccination Rates Face Largest Setback Yet (3 min read)
In this week’s update, we note the large drop in vaccination rates in the US over the last ten days. We also talk about India’s vaccination struggles amid a relatively strong week for other Asian countries.
(Sam van de Schootbrugge │ 28th April, 2021)
Slow recoveries, endogenous growth and macroprudential policy (BoE, 24 page read)
Tracking global economic uncertainty: implications for the euro area (ECB, 25 page read)
News Entropy (Cambridge INET, 24 page read)
Growth, coal and carbon emissions: economic overheating and climate change (BIS, 14 page read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)