We consider two trade-offs inherent to extraordinary forward guidance (EFG): potency versus flexibility, and the credibility of forward guidance versus the credibility of inflation targeting.We argue that the form of EFG used by the Bank of Canada during the COVID‑19 pandemic balanced both...

Chapter 1: Unveiling the Health Care Crisis in South Asia: A Call for Transformation Amplified by COVID-19 -- Chapter 2: Confronting the Socio-Economic Challenges Stemming from the Extraordinary Health Crisis Created by COVID-19 -- Chapter 3: Exploring the Impact of Extraordinary Health Hazards...

We test whether forecast bias affects individual investors' stock trading by combining bias measures from laboratory experiments with administrative trade data. Forecast bias is positively associated with past excess returns of purchased stocks: Compared to contrarians, extrapolators purchase...

We test whether forecast bias affects individual investors' stock trading by combining bias measures from laboratory experiments with administrative trade data. Forecast bias is positively associated with past excess returns of purchased stocks: Compared to contrarians, extrapolators purchase...

The global energy transition is reshaping commodity demand, yet its implications for commodity risk transmission remain unclear. We analyze connectedness among Energy Transition Metals (ETMs) - a subset of metals that are key inputs in clean energy technologies - energy commodities, and...

The global energy transition is reshaping commodity demand, yet its implications for commodity risk transmission remain unclear. We analyze connectedness among Energy Transition Metals (ETMs) - a subset of metals that are key inputs in clean energy technologies - energy commodities, and...

This study examines the connectedness and risk spillovers between G7 stock markets, oil (Brent, WTI, Gasoline, Heating Oil), and clean energy (S&P GCE, Rennix, Wilderhill) markets. Using the Quantile Frequency Connectedness framework, we assess interconnectedness across different market phases...

The aim of this report is, first, to inform about the current and projected changes to heat stress hazard and exposure as a result of climate change, particularly in urban areas; second, highlight the socioeconomic impacts of heat, including on human health, labor productivity, and mortality;...