A Few White Papers
you are currently viewing::IMF Working paper-Long-Term Debt and Short-Term Rates: Fixed-Rate Mortgages and Monetary TransmissionJanuary 24, 2016--Summary Using instrumental-variablel local projections, we find both path-and state-dependency in monetary transmission. Monetary policy shapes mortgage choice, increasing (decreasing) the share of FRMs during easing (tightening) cycles. Over time, this mechanism alters the composition of the outstanding mortgage stock which, in turn, affects the central bank's ability to stabilize the economy ex-post. A greater (lower) prevalence of FRMs weakens (strengthens) monetary policy transmission to key macro-variables. Source: IMF |
New ICI Paper Outlines Key Considerations for ETF Share Class
October 6, 2025-The Investment Company Institute (ICI) has published a new paper exploring the operational considerations for launching an ETF share class within an existing mutual fund portfolio. The expected SEC relief for funds with both ETF and mutual fund share classes provides an opportunity to broaden investor choice, promote efficiency and economies of scale, and enhance competition in the asset management sector.
Physical AI is changing manufacturing - here's what the era of intelligent robotics looks like
September 9, 2025-Physical AI is driving a new phase of industrial automation, offering a powerful solution to manufacturing challenges like rising costs, labour shortages,and shifting customer demands.
A new World Economic Forum white paper examines how breakthroughs in AI, sensors, and hardware are creating a new breed of smarter, more agile industrial robots.
Economic development, carbon emissions and climate policies
September 8, 2025-If economic activity is considered the primary driver of climate change through emissions of carbon dioxide, then supporting economic growth and fighting emissions would appear to be at odds. However, the process of economic development may itself foster complementarity between GDP growth and emissions reductions.
