We construct several measures for the global financial cycle using dynamic factor models and data for 25 advanced and emerging countries over 1980-2019. Our results suggest that global cycles in asset prices and capital flows are highly similar and synchronized, especially during crisis...

We construct several measures for the global financial cycle using dynamic factor models and data for 25 advanced and emerging countries over 1980-2019. Our results suggest that global cycles in asset prices and capital flows are highly similar and synchronized, especially during crisis...

Inflation Differentials in the Euro Area: A Survey -- The ECB’s Monetary Analysis Revisited -- Euro Area Monetary Policy in Uncharted Waters -- The Communication Policy of the European Central Bank: An Overview of the First Decade -- Governance and Monetary Policy Decision-Making at the ECB --...

Good Supervision and its Limits in the Post-Lehman Era -- Managing the Quality of Financial Supervision -- The Case for Analytical Supervision - A Swedish Perspective -- Unintended Consequences of Supervision -- Influence and Incentives in Financial Institution Supervision -- Developments in...