Stock market prediction provides the decision-making ability to the different stockholders for their investments. Recently, stock technical indicators (STI) emerged as a vital analysis tool for predicting high-dimensional stock data in various studies. However, the prediction performance and...

We identify two data-related errors in the work of Ouazad and Kahn (OK, RFS 2021). Correcting either of these errors or both entirely reverses the original result, in OK’s code and in our independent implementation. The two corrections we implement are to use the correct FHFA conventional loan...

The 2021 Glasgow Climate Pact brought the ocean into the international climate regime, and the 2022 Sharm el-Sheikh COP27 of the UN Framework Convention on Climate Change (UNFCCC) has finally ushered the world into a special fund to respond to loss and damage associated with the adverse effects...

In the quarter-century since the Bank of England Monetary Policy Committee was established, the various financial operations of the Bank of England and of the Government have become more inter-dependent, as a result of the financial crisis, quantitative easing, the response to Covid, and...

We investigate the relationship between access to credit and wealth accumulation. Empirical results suggest an asymmetric heterogeneity over the whole range of wealth distribution. There is a significantly negative relationship between household debt and wealth accumulation for poor households...

Instant, or fast, payments are credit transfers completed and settled within seconds or minutes. They have low costs, reduce payment risk, and have significantly replaced the use of cash, cards, or check and direct debit payments. We note the role played by regulators in promoting instant...

We present a simple dynamic model to rationalize extended “panic buying” episodes. In our model, consumers compete for a scarce good. Scarcity is triggered by an anticipated negative supply shock that takes place in a single period with positive probability. To avoid the risk of...

I demonstrate that the preference by asset managers to diversify stocks and follow certain investment mandates result in forecastable contrarian trading on their largest positions. Since large-cap stocks are held in similar positions across most asset managers, few equity portfolios are...