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OTC derivatives outstanding

The semiannual OTC derivatives statistics provide data on notional amounts outstanding and gross market values for all types of over-the-counter derivatives contracts. They are reported by large dealers in 12 countries on a worldwide consolidated basis.




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Effective exchange rate indices

Daily data on effective exchange rate in nominal terms have been updated. Broad indices cover 60 economies, with data from 1996. Narrow indices cover 26 economies with data from 1983.




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US dollar exchange rates

Daily data on exchange rates against the US dollar have been updated. This covers 81 economies with the earliest data starting in 1949.




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Central bank policy rates

Daily data on monetary policy rates have been updated. This covers 38 central banks with the earliest data starting in 1946.




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Effects of Covid-19 on the banking sector: the market's assessment

Banks' performance on equity and debt markets since the Covid-19 outbreak has been on a par with that experienced after the collapse of Lehman Brothers in 2008. During the initial phase, the market sell-off swept over all banks, which underperformed significantly relative to other sectors. Still, markets showed some differentiation by bank nationality, and credit default swap (CDS) spreads rose the most for those banks that had entered the crisis with the highest level of credit risk. The subsequent stabilisation, brought about by forceful policy measures since mid-March, has favoured banks with higher profitability and healthier balance sheets. Less profitable banks saw their long-term rating outlooks revised to negative. And the CDS spreads of the riskiest banks continued increasing even through the stabilisation phase.




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Pension contributions and tax-based incentives: evidence from the TCJA

We document that corporate pension contributions respond to tax-based incentives using the 2017 Tax Cut & Jobs Act (TCJA) as a natural experiment. The TCJA cut the U.S. federal corporate tax rate, temporarily increasing contribution incentives for sponsors of defined-benefit retirement plans. We exploit cross-sectional variation in ex-ante exposure to these incentives.




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Consumer Prices Set to Fall, Mute Inflation?

Inflation pressure could be weak even after consumer demand for non-discretionary goods and services begins to grow as the economy gets back on its feet.




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Conflicting Narratives

At a time of conflicting narratives, a range of markets from equities to energy to gold may persist in volatility until one narrative gains the upper hand.




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Equities: A Clash of Narratives

Equities are likely to keep trading in volatile ranges until the many conflicting narratives in the market give way to a singular message for investors.




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The Duration Risk in Equities

Equities have rallied since 2017 and yet the expected growth in dividends has declined since then. Is the fall in long-term interest rates to be blamed?




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Equities: Will Early Trends in Select Sectors Last?

Information technology, health care, and consumer discretionary stocks that outperformed in the last decade have done well in the first four months of 2020.




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Gold Outshines Silver as Economics Widen Price Ratio

Gold and silver prices often move in tandem, but the gap between them widened by 31% January through April in line with a trend that began nine years ago.





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Bridge Proxy-SVAR: estimating the macroeconomic effects of shocks identified at high-frequency

Bank of Italy Working Papers by Andrea Gazzani and Alejandro Vicondoa




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Dollar invoicing, global value chains, and the business cycle dynamics of international trade

Bank for International Settlements BIS Working Papers by David Cook and Nikhil Patel




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Bonds, Currencies and Expectational Errors

Bank of Finland Research Discussion Papers by Eleonora Granziera and Markus Sihvonen




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Understanding US export dynamics: does modelling the extensive margin of exports help?

Bank of England Working Papers by Aydan Dogan and Ida Hjortsoe




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Central Bank Digital Currency - Objectives, preconditions and design choices

Netherlands Bank DNB Occasional Studies by Peter Wierts and Harro Boven




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From secular stagnation to robocalypse? Implications of demographic and technological changes

Bank of Spain Working Papers by Henrique S. Basso and Juan F. Jimeno




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The impact of information laws on consumer credit access: evidence from Chile

Central Bank of Chile Working Papers by Carlos Madeira




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On the Response of Inflation and Monetary Policy to an Immigration Shock

Central Bank of Chile Working Papers by Benjamín García and Juan Guerra-Salas




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International and domestic interactions of macroprudential and monetary policies: the case of Chile

Central Bank of Chile Working Papers by Tomás Gómez, Alejandro Jara and David Moreno




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Brace Yourself for Waves of Coronavirus Infections

Here’s what we should be expecting in the war on Covid-19.




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Here’s How You Can Change Lives in the Pandemic

These causes will make great use of your money or your time.




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The Best Mechanical Keyboards for 2020

Ready to "switch" things up on your desktop? A mechanical keyboard can make everything click again. Here's a guide to the most common mechanical key types, as well as the top performers in our testing.




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The Best Video Streaming Services for 2020

Cord cutters have more choices than just Netflix and Hulu. We break down the best video streaming services for your money, whether you're looking to completely replace cable or watch the latest original content on-demand.




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The Best Photo Editing Software for 2020

Whether you're a casual smartphone shooter or a professional using an SLR, software can get the most out of your images. We help you find the best photo editing software for your needs.




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Squarespace

Squarespace offers numerous useful tools for building attractive, functional sites for personal and small business use. Users will need to rebuild their sites if they want to upgrade to the latest version of the service, however.




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The Don Strikes Back

An enraged and ebullient Trump ups the body count.




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Trump Makes Us Ill

Going viral is not a good thing this time.




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Plagued by the President

Trump washes his hands of responsibility.




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Optional alternative grading scale implemented for spring 2020 semester

Penn State is implementing a new opt-in grading system for the spring 2020 semester that will give students flexibility, help preserve GPAs and minimize impacts to students’ transcripts during the academic challenges presented by the novel coronavirus public health crisis.




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Psychology student credits success with Mont Alto's strong focus on research

Amanda Moore, of Chambersburg, Pennsylvania, is on track to graduate from Penn State Mont Alto this May with a degree in psychology. She credits her academic success with Mont Alto's strong focus on research and varied program offerings.




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Penn State Mont Alto donates hundreds of PPE items to medical community

As college campuses closed and the COVID-19 virus began casting a larger shadow in south central Pennsylvania, members of the nursing and physical therapist assistant programs at Penn State Mont Alto took stock of all the medical personal protection equipment (PPE) items in their labs. The two programs were supplied with hundreds of gloves and dozens of medical gowns and masks, plus other items such as disposable stethoscopes, shoe covers and safety glasses — items no longer needed as the campus transitioned to remote instruction.




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Mont Alto student research is front and center during 2020 Academic Festival

Penn State Mont Alto recognizes and honors winners during awards ceremony




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Student-athletes stay engaged through in-home workouts and challenges

Staying active and maintaining physical fitness has many benefits to all elements of wellness, including mental and emotional well-being that may be taxed during social distancing. At Penn State Mont Alto, the athletic department has been releasing weekly at-home workout and challenge videos that are accessible on our Facebook and Instagram pages to keep our student-athletes engaged.




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Economists Aren’t the Ones Pushing to Reopen the Economy

On cronies, cranks and the coronavirus.




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Starve the Beast, Feed the Depression

Anti-government ideology is crippling pandemic policy.




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Peacocks and Vultures Are Circling the Deficit

The only fiscal thing to fear is deficit fear itself.




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PROSPER Program continues to respond to families' educational needs

Penn State’s PROmoting School-community-university Partnerships to Enhance Resilience (PROSPER) project is continuing to connect and engage Pennsylvania families and keep schools informed during the COVID-19 pandemic.




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Penn State nutritionist shares tips for feeding kids while stuck at home

Balancing finicky kid appetites with proper nutrition can be a challenge in the best of times. But now, with the majority of schools and day cares closed across Pennsylvania, many parents working from home, and schedules thrown in disarray, it may seem downright impossible. A Penn State nutritionist offers tips for feeding kids during stressful times.




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'Expanding Empathy' lecture series moves online

The 2020 "Expanding Empathy" lecture series has moved online and added a lecture on "The Altruistic Brain," as well as a panel discussion on empathy in the time of COVID-19, both to be held on April 29 via Zoom.




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Lecture series to address how to make sense of COVID-19 projections

David Dowdy, associate professor in the Department of Epidemiology at the Johns Hopkins Bloomberg School of Public Health, will deliver the presentation “Simple Principles for Interpreting Complex Models: How to Make Sense of COVID-19 Projections,” at 4 p.m. via Zoom webinar on Thursday, April 30, as the next presentation in its Dean’s Lecture Series: Perspectives on the Pandemic.




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Lecture to address mental health and the COVID-19 Pandemic

The College of Health and Human Development will host M. Daniele Fallin, Sylvia and Harold Halpert Professor in Mental Health and chair of the Department of Mental Health at the Johns Hopkins Bloomberg School of Public Health, at 4 p.m. via Zoom Webinar on Thursday, May 7, for the next presentation in its Dean’s Lecture Series: Perspectives on the Pandemic. This presentation, “Mental Health and the COVID Pandemic,” will summarize recent findings on the psychological effects of the pandemic, as well as offer some strategies for prevention and intervention as the pandemic, and its after-effects, continue.




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Health administration students learn to manage rapid changes in health care

Students in Penn State’s Master of Health Administration program are learning first-hand how the skills and competencies they are acquiring in the classroom will be applied in their professional careers. A recent virtual roundtable event provided opportunities for students to learn real-world strategies from health care industry leaders that are being applied in response to the COVID-19 pandemic.




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College of Health and Human Development names student marshals

Alexandra Stone and Blake Gillikin will serve as college marshals for spring 2020 commencement.




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College of Health and Human Development names program marshals

Student marshals will represent each department for spring 2020 commencement




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2020 Special Olympics Summer Games canceled, will shift to virtual games

The 2020 Special Olympics Summer Games, slated for June 11 to 13, are being canceled due to concerns related to coronavirus. The games will shift to virtual events, with details to be announced in the near future.




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Student-athletes soar at Penn State Mont Alto

As the tally of conference championships grows and more teams get bids for national playoffs, student-athletes at Penn State Mont Alto have their eyes on a bigger prize: academic success.




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Penn State Mont Alto student-athletes recognized by USCAA and PSUAC

Two Mont Alto student-athletes named to the USCAA All-Academic Team; Corrine Custer-Grassmyer recognized as John Fritz Sportsmanship Award Honoree.