AMPF Papers

|

Commissioned Paper

|

May 2025

Working Paper AMPF25P001
We study the anatomy of the international portfolio finance network. As global financial linkages have become denser over time, cross-border portfolio equity positions have grown in importance relative to debt for Emerging markets and Advanced economies. Using the framework developed by Rey and Stav...
  • View
  • Download
  •    |   

AMPF Papers

|

Commissioned Paper

|

May 2024

Working Paper AMPF24P001
  • View
  • Download
  •    |   

AMPF Papers

|

Policy Note

|

May 2024

Working Paper AMPF24P002
After a decade of reforms aimed at ensuring no bank is too-big-to-fail, the collapse of Credit Suisse served as the first real-life test of this framework. A resolution following the international and Swiss too-big-to-fail framework would have involved recapitalizing Credit Suisse by bailing in all ...
  • View
  • Download
  •    |   

AMPF Papers

|

Policy Note

|

May 2023

Working Paper AMPF23P001
With inflation surging worldwide, some commentators have speculated whether inflation expectations have become unanchored. This policy note presents a framework to evaluate whether an inflationary spike is due to temporary shifts in policy or the real economy on one hand, or due to an unanchoring of...
  • View
  • Download
  •    |   

AMPF Papers

|

Policy Note

|

May 2023

Working Paper AMPF23P004
Inflation expectations of households and firms are central determinants in all dynamic macro models. Yet, empirical evidence suggests these decision makers form expectations in ways that deviate from the assumptions in these models: on average, inflation expectations are biased upwards relative to e...
Keywords: Macroeconomics, Intertemporal Choice, Consumption, Savings, Surveys, Monetary Policy, Fiscal Policy, Experiments, Financial Decision-making, Cognition, Communication.
  • View
  • Download
  •    |