Strengthening central bank financial resilience in a changing world

As major central banks, including the US Federal Reserve, the Bank of England, the Deutsche Bundesbank, and the ECB, record substantial operating losses and suspend remittances to respective ministries of finance and treasuries, the debate over central bank financial resilience is shifting from academic circles to mainstream policy discussions. Central bank financial strength is not…

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Central bank business surveys: Version 2.0

Carefully designed sample surveys have long been an essential tool for capturing policy-relevant differences between groups of economic agents in a timely manner. Despite their crucial role in informing policy, surveys face growing challenges, including declining participation rates and the emergence of faster and more competitive data sources. In a recent contribution (Banca d‘Italia 2024a),…

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