What caught my eye: U.S. Fiscal Stimulus, the BIS Quarterly Review, and the Evolving International Monetary System

Highly recommended: “Reserve Currencies in an Evolving International Monetary System”, an IMF Working Paper by Alina Iancu ; Gareth Anderson ; Sakai Ando ; Ethan Boswell ; Andrea Gamba ; Shushanik Hakobyan ; Lusine Lusinyan ; Neil Meads ; Yiqun Wu:

https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2020/11/17/Reserve-Currencies-in-an-Evolving-International-Monetary-System-49864

As usual, the BIS Quarterly Review is very interesting! Chapters on “International banking and financial market developments” or “Changes in monetary policy operating procedures over the last decade”:

https://www.bis.org/publ/qtrpdf/r_qt2012_ontherecord.htm?

And once again the discussion in the United States regarding a fiscal stimulus package: “Could a COVID Relief Deal Close the Output Gap?”

http://www.crfb.org/blogs/could-covid-relief-deal-close-output-gap?

Industrial Production and Capacity Utilization: In November, industrial production increased 0.4 percent:

https://www.federalreserve.gov/releases/g17/current/default.htm

“Facebook Could Be Heading Towards a Breakup”:

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