📗 The #NGFS has today published the key takeaways from a survey of 5⃣5⃣ central banks on the implications of #climatechange and the #netzero transition on their economies and #monetarypolicy, including areas for further analysis. Read the full report at the link below ⤵️

For anyone not trained in monetary economics, this is an excellent piece on why prices, in general, will not come down again: washingtonpost.com/opinions/2023/…

New CEPR Discussion Paper - DP18595 Measuring Monetary Policy in the UK: the UK Monetary Policy Event-Study Database Robin Braun Robin Braun Federal Reserve, Silvia Miranda-Agrippino Silvia Miranda-Agrippino New York Fed, Tuli Saha Bank of England ow.ly/KuiG50Q8Fkk #CEPR_MEF

Fascinating work by Bank of England colleagues on the distribution of UK price changes. Even if #inflation averages 2%, it's hard to find 2% in the microdata. Recent inflation driven by more product prices rising. Cool charts! #econtwitter Bank of England Research bankunderground.co.uk/2024/01/17/bey…

How sticky are individual prices, and does this change over time? Today's BU post investigates + finds: i) On average about 80% of prices unchanged in any given month ii) Clear discontinuity in 2022Q1 iii) Discontinuity has only partially unwound bankunderground.co.uk/2024/01/17/bey…

ICYMI: BU on individual price changes "We find a visible discontinuity in price-setting in the first quarter of 2022...At the micro level, firms’ pricing decisions led to the emergence of a large rebalancing in the distribution of price changes" bankunderground.co.uk/2024/01/17/bey…

Why it matters much more what you eat than where it's from: transportation makes up a tiny share of greenhouse gas emissions for most products

Today’s BU post constructs and explores a new data-driven metric of UK monetary conditions that synthesises information about both conventional and unconventional policies. bankunderground.co.uk/2024/04/11/to-…

Delighted to have been the UK part of this effort! In case of interest, UK work with Josh Martin and Lennart Brandt is here: bankofengland.co.uk/speech/2023/no…. and updated results to 2023Q4 on the way...piie.com/events/2024/uk…

Our most recent BU post explores an understudied outcome following the 2016 depreciation of GBP: the dollarisation of UK trade. bankunderground.co.uk/2024/05/23/sel…

Pleased to have coauthored this Bank of England Quarterly Bulletin article with Natalie Burr. We explain how Bank staff think about the monetary transmission mechanism (1/4) (Link below)