This paper uses a "trendy" approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …

. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability. … profitability of German banks and their capacity to lend. With a NSFR-model that is partially calibrated against reported NSFRs, we …

profitfunction. Using the distance function to compute banks’ profitability, we take the distance to the frontier of best practices …

Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We … highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take … risk on a larger scale, inducing risk-taking. This effect is more pronounced when bank leverage constraints are looser, or …

governmen-owned bank mergers. We compare forced to voluntary bank exits and show that the former cause better bank profitability …We test whether limited market discipline imposes exit barriers and poor profitability in banking. We exploit an … and efficiency at the expense of riskier financial profiles. Regarding real effects, firms exposed to forced bank mergers …

A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose …