A quarter century of FX reserve management. The past 25 years has witnessed central banks employ a policy of significantly increasing their foreign exchange reserves. We ask why and what the…
We propose a new approach to estimating central bank preferences, including the implicit inflation target, that requires no priors on the underlying macroeconomic structure nor observation of…
This 46-page report by the OECD provides unique comparative data about who owns the 41,000 listed companies around the world. These companies have a combined market value of more than USD 80 trillion…
