Gabor Pinter

Senior Economist at the Bank for International Settlements (@BIS_org). Views are my own; RT, like ≠ endorsement.

[Leonardo Ferreira @leonogferreira]

What drove macroeconomic fluctuations over the past 700 years?

In our 🚨 new working paper 🚨 “A Millennium of UK Business Cycles: Insights from Structural VAR Analysis” (with haroon Mumtaz and @_Gabor_Pinter_ ), we show:

[Bank for International Settlements @BIS_org]

The BIS Quarterly Review is out https://t.co/yGbxGNk0kp

#BISQuarterly #PrivateCredit #InvestmentFunds #MonetaryPolicy #BISStatistics #GreenBonds

[Bank of England Research @BoE_Research]

🧵SWP 1045 by Rodrigo Guimaraes, Gabor Pinter + Jean-Charles Wijnandts (all BoE) explores how bond market liquidity affects how long-term treasury yields reacts to US monetary policy shocks.
https://t.co/mEEvwE7UNh

[Bank of England Research @BoE_Research]

📢 We are hiring📢
A great chance to be part of our diverse + talented research team at a really interesting time. If you have a PhD / will have one by end 2024 please apply! Deadline is 13 Nov
https://t.co/EMpUZQFPRF
More details + application form at: https://t.co/mvJVADaROA

[Daniele Bianchi @WhitesPhD]

If you are an economist interested in machine learning, or AI more generally, here you can find a beautiful discussion by Thomas Sargent on the origins of ML/AI and its economic applications/developments.

Link: https://t.co/iZm9DNoDAW

Really interesting reading. #EconTwitter

[Richard Harrison @rHarrisonMacro]

My personal website is now on github: https://t.co/TLpLoy5c8Q
It includes links to (some) replication codes and I plan to add more over time.

[Gabor Pinter @_Gabor_Pinter_]

The trading activity of LDIs and pension funds (especially their linker flows) can explain this relative mispricing. Hedge funds respond to mispricing but it doesn't constitute arbitrage – they adjust their bond portfolios appropriately, but don't hedge it with inflation swaps.

[Gabor Pinter @_Gabor_Pinter_]

Our paper uses UK micro data to study the relative mispricing of inflation-linked bonds, nominal bonds and inflation swaps - one of the largest examples of the violation of the law of one price (Fleckenstein, Longstaff, and @HannoLustig , 2014).

https://t.co/5zuXlqD7r1

[Gabor Pinter @_Gabor_Pinter_]

an interesting chart from our paper, highlighting the immense concentration in the UK interest rate derivatives markets:

[Bank of England Research @BoE_Research]

🧵SWP 1032 by Gabor Pinter + Danny Walker (both BoE) looks at interest rate risk across non-bank financial intermediaries using transaction level data on gilt, interest rate swap, futures + options market
https://t.co/6b5pp0ge5q

[Gabor Pinter @_Gabor_Pinter_]

@TomW100 @BoE_Research thank you for the comments, Tom! The analysis in the paper uses a subsample of SMMD where repo counterparties could be matched with gilt transactions during the crisis period. In future revisions, I’ll try to improve this match.

[Bank of England Research @BoE_Research]

🧵SWP 1019 by Gabor Pintér combines several sources of transaction level data to sketch out a narrative of September 2022 gilt market crisis and documents a number of key stylised facts about how it played out…
https://t.co/vVmCSaqZFW

[Finance at MIT @FinanceatMIT]

We are pleased to announce that Nobuhiro Kiyotaki will be joining the Finance Group next year as the 2023/24 Fischer Black Chair! Nobuhiro Kiyotaki is the Harold H. Helm 1920 Professor of Economics and Banking at Princeton. Learn more about his research: https://t.co/ggn43Wo0za

[Robert Czech @RobertCzech8]

Want to learn more about #CBDC, #stablecoins, #cryptocurrencies and #decentralisedfinance (#defi)? Join us (in person or virtually) for our flagship conference on "New Digital Technologies and the Future Financial Landscape" in London, Feb 27-28. Programme and registration link:

[Ivan Werning @IvanWerning]

Behold, Olivier Blanchard back at MIT! Unveiling his new book on Fiscal Policy under Low Interest Rates.

A true Opus! https://t.co/CMyKyPOwNT

[Olivier Blanchard @ojblanchard1]

Secular stagnation is not over. A short essay on a really important issue for the future. https://t.co/qaoLy87xOc

[Motohiro Yogo @motoyogo]

Call for Papers: Workshop on Non-Bank Financial Intermediaries on 4/21 @ChicagoFed (in-person), organized by Ralf Meisenzahl, @rkoijen, @motoyogo. Submit by email to [email protected] (deadline 2/15). We welcome papers on insurers, pension funds, mutual funds, ETFs.

[Olivier Blanchard @ojblanchard1]

1/8 This is a great discussion, so I shall continue. Second round answer to @IvanWerning. I like very much the Werning-Lorenzoni framework. https://t.co/HA0EA5drYq One of its merits is indeed to show that thinking in terms of distributional conflict is totally mainstream.

[Bank of England Research @BoE_Research]

A reminder about our PhD internship programme. Deadline is 30th Jan.