Claudio Borio

BIS Paper No 127 30 Sep 2022

Robert N McCauley

and

Patrick McGuire

Historical monetary and financial statistics for policymakers: towards a unified framework

This BIS paper is an attempt to take stock of what counts as "good practice" in collating HMFS and how it should be implemented…

Vincent Bignon

FSI Occasional Papers No 19 3 Aug 2022

Øyvind Eitrheim

Marc Flandreau

Clemens Jobst

Jan F Qvigstad

and

Ryland Thomas

Entity-based vs activity-based regulation: a framework and applications to traditional financial firms and big techs

The long-standing policy debate about entity-based (EB) and activity-based (AB) regulation is marred by imprecision. This has…

BIS Working Paper No 983 25 Nov 2021

Stijn Claessens

and

Nikola Tarashev

Losing traction? The real effects of monetary policy when interest rates are low

Are there limits to how far reductions in interest rates can boost aggregate demand? In particular, as interest rates fall to…

Rashad Ahmed

BIS Working Paper No 981 25 Nov 2021

and

Boris Hofmann

Back to the future: intellectual challenges for monetary policy

The central banking community is facing major challenges – economic, intellectual and institutional. A key economic…

BIS Working Paper No 982 25 Nov 2021

Navigating by r*: safe or hazardous?

The concept of the natural rate of interest, or r-star (r*), has risen to prominence in monetary policy following the Great…

This Special Feature finds that in a regime of low and stable inflation, sector-specific price changes account for most of the…

Publication 20 Sep 2021

Monetary policy, relative prices and inflation control: flexibility born out of success

BIS Working Paper No 893 22 Oct 2020

Dora Xia

and

Egon Zakrajsek

Assessing the fiscal implications of banking crises

We propose a method for computing the distribution of the potential fiscal cost of a banking crisis - a key input in assessing…

BIS Working Paper No 864 11 May 2020

Juan M Contreras

and

Fabrizio Zampolli

Global and domestic financial cycles: variations on a theme

We compare and contrast two prominent notions of financial cycles: a domestic variant, which focuses on how financial…

Iñaki Aldasoro

Stefan Avdjiev

and

External publication 18 Oct 2018

All external publications (130)

The "real" illusion: how monetary factors matter in low-for-long rates

External publication 1 Aug 2018

and

Phurichai Rungcharoenkitkul

La política monetaria cercada por un movimiento de pinzas

External publication 22 May 2018

and

Phurichai Rungcharoenkitkul

Monetary policy in the grip of a pincer movement

External publication 1 Dec 2017

and

Phurichai Rungcharoenkitkul

Monetary policy and bank lending in a low interest rate

External publication 1 Dec 2017

and

Leonardo Gambacorta

Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?

and

Leonardo Gambacorta

External publication 1 Nov 2017

Reshaping our understanding of inflation

External publication 1 Sep 2017

Monetary policy, the financial cycle and ultra-low interest rates

Mathias Drehmann

and

External publication 19 May 2017

The influence of monetary policy on bank profitability

Boris Hofmann

External publication 1 May 2017

and

Leonardo Gambacorta

Fiscal sustainability and the financial cycle

Presentation by Mr Claudio Borio, Head of Monetary and Economic Department of the BIS, at the INET conference "New Economic…

All speeches (76)

Speech 9 Apr 2015

The international monetary and financial system: Its Achilles heel and what to do about it

Macro-financial stability frameworks: experience and challenges

Speech 13 Aug 2014

All videos (80)

20:32:00

Video 24 Feb 2023

Macro-financial stability frameworks: experience and challenges

Claudio Borio discusses the use of macroprudential tools in both advanced economies and emerging market economies in an…

BIS Quarterly Review, March 2023 - media briefing

00:46:03

Video 24 Feb 2023

BIS Quarterly Review, March 2023 - media briefing

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS March 2023 Quarterly Review.

and

Session 2: Big techs and financial connections with banks

01:18:31

Video 8 Feb 2023

Session 2: Big techs and financial connections with banks

The panel looks at partnership arrangements between big techs and financial intermediaries, approaches to addressing prudential…

Beyond national income and product accounts

Jessica Chew Cheng Lian

Neil Esho

Amit Seru

and

Michael Hsu

01:34:11

Video 27 Jan 2023

Beyond national income and product accounts

Claudio Borio in conversation with Perry Mehrling of Boston University.

Policy challenges in the current macro-economic environment

01:22:23

Video 8 Dec 2022

Policy challenges in the current macro-economic environment

In panel remarks, Claudio Borio disscusses the challenges created by high inflation and a weak economic outlook.

BIS Quarterly Review, December 2022 - media briefing

00:48:30

Video 2 Dec 2022

BIS Quarterly Review, December 2022 - media briefing

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS December 2022 Quarterly Review and answer…

and

Heterogeneity in Macroeconomics: Implications for Monetary Policy

08:41:04

Video 22 Nov 2022

Heterogeneity in Macroeconomics: Implications for Monetary Policy

In a panel discussion, Claudio Borio discusses monetary policy and inequality as well as the recent flare-up in inflation.

SUERF Annual Lecture "Burst of inflation: How and why did we get there?"

01:35:25

Video 9 Nov 2022

SUERF Annual Lecture "Burst of inflation: How and why did we get there?"

In a panel discussion, Claudio Borio describes the two-regime view of inflation and argues that it puts a premium on a timely…

The World Economy's Inflation Challenge

01:30:10

Video 3 Nov 2022

The World Economy's Inflation Challenge

In a panel discussion, Claudio Borio discusses the unprecedented nature of the challenges facing the global economy and how…

All podcasts (17)

00:39:50

Podcast 24 Feb 2023

Media briefing on the BIS Quarterly Review, March 2023

Claudio Borio and Hyun Song Shin summarize the March 2023 Quarterly Review and answer journalists' questions about market…

and

0:00 0:00

Podcast 2 Dec 2022

Persistent risks in foreign exchange trades, hidden dollar debt

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS December 2022 Quarterly Review and answer…

and

0:00 0:00

00:23:30

Podcast 19 Sep 2022

Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review

Claudio Borio and Hyun Song Shin summarize the September 2022 Quarterly Review and answer journalists' questions about market…

and

0:00 0:00

00:13:10

Podcast 26 Jun 2022

Inflation: looking under the hood

The recent surge in inflation has underscored the need to "look under the hood" to better understand how relative price changes…

0:00 0:00

00:10:07

Podcast 29 Jun 2021

The distributional footprint of monetary policy

Claudio Borio discusses the nexus between inequality and monetary policy, as outlined in Chapter II of the BIS Annual Economic…

0:00 0:00

21:23:00

Podcast 30 Jun 2020

The central bank response to the Covid-19 crisis

Agustin Carstens discusses the monetary and fiscal response to the Covid-19 pandemic and the challenges facing central banks…

and

Agustín Carstens

0:00 0:00

00:09:42

Podcast 22 Sep 2019

Markets swing on trade and monetary policy

Claudio Borio sat down on 19 Sept to discuss the Bank for International Settlements' latest Quarterly Review, which tells a…

0:00 0:00

00:08:39

Podcast 30 Jun 2019

Monetary policy frameworks in emerging markets

Claudio Borio explains the particular challenges for emerging market central banks in setting monetary policy and the multiple…