Tackling the fiscal policy-financial stability nexus by Claudio Borio, Marc Farag and Fabrizio Zampolli published by BIS (4/2023). Tackling the fiscal policy-financial stability nexus is essential to ensure financial and hence macroeconomic stability. In this paper, we review the…
The two-regime view of inflation by Claudio Borio, Marco Lombardi, James Yetman and Egon Zakrajšek published by BIS (3/2023). This study provides a view of the inflation process that is complementary to the one captured in standard models, such…
Financial cycles, labour misallocation, and economic stagnation by Claudio Borio, Enisse Kharroubi, Christian Upper, Fabrizio Zampolli published by VOXEU (4/2016) Some analysts claim that secular stagnation is responsible for the disappointing post-crisis economic performance. This column provides a different explanation…
Looking under the hood: The two faces of inflation by Claudio Borio, Piti Disyatat, Dora Xia, Egon Zakrajšek published by VOXEU (1/2022) High and low inflation are two very different animals. This column argues that after remaining low and stable…
