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A Phillips Curve for the Euro Area (Ball, Mazumder) Finds that the textbook Philips Curve largely holds for the Euro area, using a weighted median rather than core inflation rate, which includes food and energy prices.
Why Climate Change Matters for Monetary Policy and Financial Stability (Federal Reserve) After the Kincade fire in California destroyed homes and businesses alike and the ongoing Australian bushfires, monetary policymakers are waking up to the need for incorporating how disasters such as hurricanes, wildfires, and flooding affect labor markets, spending and output. [Bullish rates]
A Digital Euro to Save EMU (VOX EU) Thomas Mayer argues for the idea of relaunching the Euro as a digital bank central currency, suggesting it may be beneficial for the Eurozone economy in the long run and increase its competitive advantage on a global scale. [Bullish euro]