News
Climate change increases bilateral trade costs (through its impact on maritime shipping)
2+ day, 23+ hour ago (489+ words) Figure 1: Coefficients of interest across specifications In the paper, I further show that the driving factor behind this appears to be maritime trade: countries separated by an ocean, or with excessively long land routes between them, see their trade costs…...
Under one roof: housing and inflation expectations
2+ day, 23+ hour ago (284+ words) Vedanta Dhamija, Ricardo Nunes and Roshni Tara Why expectations matter and why might house prices sneak into thinking about inflation? Inflation expectations matter because they shape economic behaviour. When households expect prices to rise, they adjust their spending and saving…...
Opening the floodgates? Modelling spillovers from flood insurance protection gaps to UK mortgages " Bank Underground
1+ week, 6+ day ago (843+ words) Will Banks and Kemal Er'evik How might insurance protection gaps arise? In the UK, most mortgagors have combined buildings and contents insurance covering flooding. That's in part due to Flood Re, which subsidises insurance for high flood-risk households. But that…...
Money talks, broadly speaking
2+ week, 3+ day ago (198+ words) Chart 1: UK broad money and nominal GDP (NGDP) correlations at different frequencies Notes: This uses Multiresolution Analysis (MRA) based on the wavelets filter to isolate movements in money and nominal spending at different frequencies (Percival and Walden (2000)). rxy is the…...
Stress-free spending: why payment choice matters for disabled people
3+ week, 4+ day ago (935+ words) In 2025, the Bank of England conducted research featuring a quantitative online survey with 2, 074 disabled individuals and eight online focus groups, both split by disability type. Respondents were asked about their payment preferences, reasons for these preferences, and the specific barriers…...
Google News
1+ mon, 3+ week ago (10+ words) Zooming in: firm-level expectations for economy-wide inflation'Bank Underground...
Monetary policy, state-dependent bank capital requirements and the role of non-bank financial intermediaries
2+ mon, 1+ week ago (409+ words) Manuel Gloria and Chiara Punzo The global financial landscape has undergone significant transformation in recent years with NBFIs becoming increasingly prominent in credit provision. Their expanded activities have contributed to a more intricate system, presenting new challenges for macroprudential policy…...
Bond financing conditions and economic activity in the UK: aggregate and firm-level evidence
2+ mon, 1+ week ago (459+ words) Eduardo Maqui, Nicholas Vause and M'rcia Silva-Pereira The rise of bond financing To motivate our analysis, Chart 1 shows how the composition of UK corporate debt has changed over the past 35 years. A key feature is the rising share of debt…...
Can regulation drive innovation in finance? Lessons from green mortgage products
3+ mon, 6+ day ago (392+ words) Benjamin Guin, Mahmoud Fatouh and Haluk Unal Regulatory pressure as a catalyst Chart 1: Timing of green mortgage discount Notes: The chart shows how the pricing discount for energy'efficient properties evolved over time. Each point reflects the estimated effect of a…...
February 2026 " Bank Underground
3+ mon, 6+ day ago (11+ words) Month: February 2026 Bank Underground Benjamin Guin, Mahmoud Fatouh and Haluk Unal...