Monetary policy and happiness

BankUnderground

So it follows that monetary policy decisions can affect happiness too. In a recent working paper we use a novel approach to assess how the unprecedented loosening in monetary policy in response to the 2008 global financial crisis affected the well-being of UK households.

Study Reveals Vaccine Policy Rift In Urban Vs Rural And Large Vs Small Businesses

PYMNTS

In short, the larger and more urban a company is, the more likely it is to have a policy requiring staff to get the COVID vaccine. However, there are significant differences when it comes to companies that do not have a policy regarding vaccination.

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Le Pont de Londres: monetary policy spillovers, prudential policies and the financial centre effect

BankUnderground

So can recipient countries employ prudential policies to offset monetary policy changes in centre countries? Many people (most notably Hélène Rey’s 2013 Jackson Hole paper ) have advocated taking macroprudential policies to offset this destabilising effect.

Slow recoveries, endogenous growth and macroprudential policy

BankUnderground

This fact has motivated a large body of literature to assess the role that macroprudential (MacroPru) policies play in mitigating the severity of recessions. In reality, this policy often takes the form of minimum capital or liquidity requirements. Policy implications.

Monetary policy, sectoral comovement and the credit channel

BankUnderground

There is ample evidence that a monetary policy tightening triggers a decline in consumer price inflation and a simultaneous contraction in investment and consumption (eg Erceg and Levin (2006) and Monacelli (2009) ). Chart 1 shows the impulse responses to an unexpected rise in the policy rate.

Unemployment risk, liquidity traps and monetary policy

BankUnderground

We study optimal monetary policy conduct through the lens of a Heterogeneous Agents New Keynesian ( HANK ) model with frictions in the labour market, imperfect unemployment insurance, and an occasionally binding ZLB constraint (ie the interest rate may hit the ZLB during a downturn).

Hippo To Expand Insurance To Include Homeowners Association Policies

PYMNTS

has built upon its home insurance foundation to launch a homeowners association policy, according to a Thursday (July 22) report from Bloomberg. Hippo, which was founded in 2015, currently provides home insurance policies in 37 U.S. Hippo Enterprises Inc.

Why the Fed should reengineer its monetary policy

American Banker

Economic indicators Monetary policy Federal Reserve

Monetary Policy Lacks Realism

FluentBanking

Realistic assumptions and sound hypotheses are critical for devising policies and setting targets, as they form the basis for subsequent actions and interventions. The overall credit growth target in the monetary policy has been set at 17.80

European Central Bank Solidifies Monetary Policy Decisions

PYMNTS

The European Central Bank (ECB) held this year’s first monetary policy meeting, and said in a statement on Thursday (Jan. The central bank’s governing council said that Eurozone interest rates will stay at record lows, as would other policies instituted during the pandemic.

Revisiting the New Keynesian policy paradoxes under QE

BankUnderground

This fact has motivated new research to understand, both theoretically and empirically, the impact of monetary policies when the nominal policy rate is at the ELB. Policy paradoxes at the effective lower bound of short-term rates. Policy implications.

Public policy can't slow distributed finance

Payments Source

Blockchain Digital payments Cryptocurrencies

Covid-19 briefing: monetary policy strategy post-Covid

BankUnderground

This post summarises the key literature on the immediate monetary policy response to the shock, including both tools and short to medium-term strategy issues (but leaving aside the longer-term question of fiscal-monetary interactions). Monetary Policy Covid-19 monetary policy

Amazon Go policy shift seen as response to legislative pushback

Mobile Payments Today

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies

Uncertainty and voting in monetary policy committees

BankUnderground

The right stance for monetary policy is highly uncertain, and so it is no surprise that members of monetary policy committees – like the Bank of England’s Monetary Policy Committee (MPC) – regularly disagree about the best course of action. Alastair Firrell and Kate Reinold.

InsurTech B2Z Debuts Small Business Policy Suite

PYMNTS

Online business insurance company B2Z Insurance has rolled out a new suite of insurance policies for small- to medium-sized businesses (SMBs), including a business owners policy, cyber insurance and more, according to a press release.

EU Shakes Up Digital Policy To Get Competitive In Tech

PYMNTS

The proposed plan to revamp the region’s digital market policy also includes measures to limit data control by Google, Facebook, Amazon and other Big Tech firms. Europe Big Tech data digital policy EU European Commission News What's Hot

IBM Announces Policy Lab To Help Ensure ‘Trustworthy’ Tech

PYMNTS

With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. Leclerc is also chairman of the Software Alliance’s Europe, Middle East and Africa Policy Committee.

TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities

PYMNTS

TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported.

Privacy Policy

Fenero

privacy policy terms of serviceGeneral.

ECB Policy Maker Says Banks Must Find Libra Alternatives

PYMNTS

A European Central Bank (ECB) policy maker is urging banks in the area to find alternatives to Facebook’s proposed cryptocurrency Libra, according to a report by Bloomberg. Cryptocurrency cryptocurrency european central bank Libra monetary policy News What's Hot

There’s Probably An Insurance Policy For That

PYMNTS

Because as a little bit of research quickly indicates, there is nothing too outlandish, unprecedented or unusual that an insurance agent can’t figure out a policy for it. What do these policies cover?

Know Differences Between Corona Kavach Policy And Corona Rakshak Policy

BankBazaar

Corona Kavach Policy or the COVID Standard Health Policy will be mandatorily offered by all general and Health Insurance companies. Life Insurance companies cannot offer this policy. On the other hand, one can approach any insurer to buy the Corona Rakshak Policy.

Should Your Bank Have A Workplace Vaccine Policy?

Banker to Banker

With FDA approval and the first shipments of the COVID-19 vaccine start to hit our communities this week, the question comes up over should banks have a policy around if the vaccine should be mandated, recommended, supported, and acknowledged in the workplace?

Monetary Policy Transmission: Borrowing Constraints Matter!

BankUnderground

How does the transmission of monetary policy depend on the distribution of debt in the economy? Our findings also suggest that the overall impact of monetary policy partly depends on the behaviour of house prices, and might not be symmetric for interest rate rises and falls.

Ticketmaster Under Fire Over Refund Policy

PYMNTS

As the COVID-19 pandemic forces cancellations and postponements of events amid lockdowns, Ticketmaster is being criticized over its refund policy. He said its new refund policy is making it harder for customers to get their money back.

How to Explain EVE Policy Exceptions to Your Board

Strategically Speaking

Economic Value of Equity (or “net economic value” for credit unions) is the difference between the fair value of assets and the fair value of liabilities. Economic value of equity (EVE) is a longer term look at interest rate risk.

CFPB Updates Policy For Civil Investigative Demands

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. As a result of the policy changes, CIDs will now provide more information about the laws that might have been violated, as well as specify the activities subject to the CFPB’s authority. CFPB Civil Investigative Demands investigation law enforcement News policy violation What's Hot

Visa Has Not Changed Bitcoin Purchase Policies

Bank Innovation

EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency purchases with “credit, debit, and certain prepaid Visa products,” it said in a statement. This follows reports that Visa, alongside other credit card networks, changed how cryptocurrency […].

Big Tech Compliance Tracker: Apple’s App Store Policies Face Scrutiny; Ireland Slams What’sApp with Record Fine

PYMNTS

Indian nonprofit group Together We Fight Society filed allegations against Apple to the Competition Commission of India (CCI) regarding anti-competitive App Store policies, saying Apple’s commissions of up to 30 percent are a barrier to both competition and the overall cost of app creation.

Microsoft, Facebook Express Frustration With Apple’s Gaming App Policies

PYMNTS

Microsoft and Facebook are grumbling publicly about fellow tech giant Apple ‘s policies restricting access to coveted slots in its App Store, as well as the access given to iPhone and iPad users.

Virginia On The Cutting Edge Of US Data Protection Policies

PYMNTS

Testifying in favor of the proposed law was Microsoft Senior Director of Public Policy Ryan Harkins. “We’ve Merchants now have to watch data protection policies wherever they do business.

Google India Boots Loan Apps Breaking Safety Policies

PYMNTS

The apps that were found to violate our user safety policies were immediately removed from the Store, and we have asked the developers of the remaining identified apps to demonstrate that they comply with applicable local laws and regulations,” Google India said in a Thursday (Jan.

New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft.

Amazon Effect Hits Central Bank Monetary Policy

PYMNTS

For monetary policy and those interested in inflation dynamics, the implication is that retail prices are becoming less ‘insulated’ from these common nationwide shocks,” Cavallo wrote in the paper. The aforementioned impact of shorter-duration pricing at retailers has implications for monetary policies, according to Bloomberg, as automatic adjustments to what are known as external shocks means that interest rate adjustments by the central bank may lose potency.