Business Intelligence Monitor Weekly 210920~210926

[Reports]

•   IMF: State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges

•   IMF: A New Agenda for Macro Stability

•   IMF: Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil

•   IMF: How Countries Can Diversify Their Exports

•   World Bank: Solving the vaccination gaps

•   World Bank: The evolving labor market impacts of COVID-19 in developing countries

•   World Bank: Feasible actions to expand COVID-19 vaccine supply before the end of 2021

•   World Bank: These types of workers were most impacted by the COVID-19 pandemic

•   World Bank: The aftermath of debt surges: No easy solution

•   UN: High-Level Dialogue on Energy 2021

•   OECD: OECD Economic Outlook, Interim Report September 2021

•   WTO: Global services trade recovering but below pre-pandemic levels, WTO barometer indicates

•   WTO: China appeals panel report regarding US duties on photovoltaic cells

•   ADB: Asian Development Outlook (ADO) 2021 Update: Transforming Agriculture in Asia

•   BIS: BIS Quarterly Review, September 2021

•   White House: Remarks by President Biden Before the 76th Session of the United Nations General Assembly

•   White House: Global COVID-⁠19 Summit: Ending the Pandemic and Building Back Better

•   White House: FACT SHEET: President Biden’s Global COVID-19 Summit: Ending the Pandemic and Building Back Better

•   White House: United States–European Commission Joint Statement

•   White House: Joint Statement on the Phone Call between President Biden and President Macron

•   White House: When the Chips Are Down: Preventing and Addressing Supply Chain Disruptions

•   White House: FACT SHEET: The United States and India – Global Leadership in Action

•   White House: Fact Sheet: Quad Leaders’ Summit

•   White House: Joint Statement from Quad Leaders

•   Fed: Federal Reserve issues FOMC statement

•   Fed: Federal Reserve Board and Federal Open Market Committee release economic projections from the September 21-22 FOMC meeting

•   Fed: Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession

•   Fed: Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)

•   Fed: Speech by Chair Jerome H. Powell - Introductory Remarks

•   Fed: Trade Policy is Real News: Theory and Evidence

•   FRBNY: New York Fed Releases White Paper on Effective Eviction Prevention and New Data Collection Efforts Focused on Renters and Landlords

•   FRBNY: Have Consumers’ Long-Run Inflation Expectations Become Un-Anchored?

•   FRBNY: The New York Fed DSGE Model Forecast—September 2021

•   St. Louis Fed: Global Income Gaps and International Trade

•   ECB: Committee on Economic and Monetary Affairs

•   ECB: ECB’s economy-wide climate stress test

•   ECB: Firms and banks to benefit from early adoption of green policies, ECB’s economy-wide climate stress test shows

•   ECB: Isabel Schnabel: Asset purchases: from crisis to recovery

•   ECB: Frank Elderson: Integrating the climate and environmental challenge into the missions of central banks and supervisors

•   ECB: Philip R. Lane: Structural change and central banking: some research priorities

•   ECB: Christine Lagarde: Interview with CNBC

•   ECB: Side effects of monetary easing in a low interest rate environment: reversal and risk-taking

•   ECB: Avoiding a financial epidemic – The role of macroprudential policies

•   ECB: Monetary policy, agent heterogeneity and inequality: insights from a three-agent New Keynesian model

•   ECB: Demand for central bank reserves and monetary policy implementation frameworks: the case of the Eurosystem

•   ECB: Understanding low inflation in the euro area from 2013 to 2019: cyclical and structural drivers

•   ECB: The need for an inflation buffer in the ECB’s price stability objective – the role of nominal rigidities and inflation differentials

•   ECB: Assessing the efficacy, efficiency and potential side effects of the ECB’s monetary policy instruments since 2014

•   ECB: Evolution of the ECB’s analytical framework

•   ECB: The mandate of the ECB: Legal considerations in the ECB’s monetary policy strategy review

•   ECB: Employment and the conduct of monetary policy in the euro area

•   ECB: Clear, consistent and engaging: ECB monetary policy communication in a changing world

•   ECB: Monetary-fiscal policy interactions in the euro area

•   ECB: The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area

•   ECB: Climate change and monetary policy in the euro area

•   ECB: The ECB’s price stability framework: past experience, and current and future challenges

•   ECB: Key factors behind productivity trends in EU countries

•   ECB: Review of macroeconomic modelling in the Eurosystem: current practices and scope for improvement

•   ECB: Digitalisation: channels, impacts and implications for monetary policy in the euro area

•   ECB: Inflation measurement and its assessment in the ECB’s monetary policy strategy review

•   ECB: Inflation expectations and their role in Eurosystem forecasting

•   ECB: The implications of globalisation for the ECB monetary policy strategy

•   BoE: Bank Rate maintained at 0.1% - September 2021

•   BoE: Household debt and labour supply

•   BoE: Risks and global supply chains: what we know and what we need to know

•   BOJ: Statement on Monetary Policy

•   NBER: The Long-Term Effects of Industrial Policy

•   CEPR: External Balance Sheets and the COVID-19 Crisis

•   CEPR: CEPR Discussion Papers 19 September 2021

•   VoxEU: The lasting impact of the Covid crisis on economic potential

•   World Economic Forum: How can we deliver a climate-focused trade agenda?

•   World Economic Forum: How world’s coal-power pipeline has shrunk by three-quarters

•   World Economic Forum: What is the Evergrande debt crisis and why does it matter for the global economy?

•   World Economic Forum: This is how COVID-19 and Brexit are reshaping Europe’s trading landscape

•   World Economic Forum: The race to net zero is on: Here’s how partnerships can get us there faster

•   World Economic Forum: Why carbon offsetting doesn't cut it

•   World Economic Forum: Why mRNA won't replace other vaccine types just yet

•   Brookings: Low interest rates have implications for tax policy

•   Brookings: ASEAN and the Quad: Strategic impasse or avenue for cooperation?

•   Brookings: What’s next for poverty reduction policies in China?

•   Brookings: China moves to join the CPTPP, but don’t expect a fast pass

•   Brookings: Hutchins Roundup: Intergenerational mobility, global debt, and more

•   CSIS: China’s Commitment to Stop Overseas Financing of New Coal Plants in Perspective

•   CSIS: Lessons from the Rally in European Energy Prices

•   CSIS: Revisiting U.S. Policy in Myanmar

•   CSIS: China Headaches for Iran Deal

•   CSIS: China, Again and Again and Again

•   CSIS: CPTPP as a Global “Docking Station” for Free Traders?

•   38 North: Dismantlement of Spent Fuel Storage Building at Yongbyon’s 50 MWe Reactor

•   38 North: Understanding Kim Jong Un’s Economic Policymaking: Defense Versus Civilian Spending

•   38 North: North Korea’s Uranium Enrichment Plant: What to Make of New Construction

•   McKinsey:COVID-19: Briefing note #73, September 22, 2021

•   Visual Capitalist: This Simple Chart Reveals the Distribution Of Global Wealth

•   Pew Research Center: Biden Loses Ground With the Public on Issues, Personal Traits and Job Approval

•   Pew Research Center: 10 facts about Americans and coronavirus vaccines

•   IEA: The pandemic continues to slow progress towards universal energy access

•   IAEA: Nuclear and Renewables: Modelling Tool to Evaluate Hybrid Energy Systems

•   IRENA: Key renewables players call for collaboration between renewable energy and agriculture sectors

•   Wood Mackenzie: China’s inaugural SPR auction unlikely to impact global crude oil markets

•   Ember: British public and businesses back clean power 2035

•   Rystad Energy: In need of more oil, China is set to splurge over $120 billion on services and drill 118,000 wells through 2025

•   GWEC: Global Offshore Wind Energy Compact signed by the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC)

•   BNEF: Two Thirds of the World’s Heaviest Emitters Have Set a Net-Zero Target

•   KHL: 10 ways to join the hydrogen power revolution

•   Strategy Analytics: Global Smartphone Revenues to Grow 21% YoY in 2021

•   Strategy Analytics: How price control supports a premium smartphone brand

•   Counterpoint: 5G Smartphone Shipments Rising in Emerging Markets

•   IHS Markit: For Auto Makers, the Chip Famine Will Persist

•   IHS Markit: CEO of One of World’s Largest Electric Companies on Being a Renewable Energy “Supermajor”

•   DRAMeXchange: 【Market View】DRAM Prices Projected to Decline by 3-8% QoQ in 4Q21 Due to Rising Level of Client Inventory, Says TrendForce

•   DRAMeXchange: 【Market View】NAND Flash Market Will See Falling Quotes and 0-5% QoQ Declines in Contract Prices for 4Q21, Says TrendForce

•   IC Insights: Foundry Market Tracking Toward Record-tying 23% Growth in 2021

•   SEMI: North American Semiconductor Equipment Industry Posts August 2021 Billings

•   IPC: North American PCB Industry Sales Up 5.3 Percent in August

•   IPC: Component Shortages are Driving Production Delays and Higher Costs for Manufacturers, According to a New Global Industry Survey

•   한국은행: 해외경제 포커스(제2021-36호)

※   국제경제리뷰: 최근 국제유가 흐름에 대한 평가와 향후 전망

•   한국은행: 국민계정리뷰 2021년 제3호

•   한국은행: 2021년 8월 생산자물가지수

•   한국은행: 「금융안정 상황」(2021년 9월)

•   한국은행: [현지정보] 중국 헝다그룹(에버그란데) 이슈에 대한 홍콩내 금융기관들의 견해

•   한국은행: [현지정보] 최근 홍콩증시 변동성 확대 배경 및 전망

•   한국은행: [현지정보]중국 부동산개발기업 헝다그룹 디폴트 우려 확대

•   한국은행: [동향분석] 최근 일본의 소비부진 요인 및 전망

•   한국은행: [현지정보] 영국 정부의 그린국채 최초 발행 및 향후 전망

•   한국은행: [현지정보] 2021.9월 FOMC 회의결과에 대한 금융시장 반응 및 시장참가지들의 평가

•   한국은행: [현지정보] 2021.9월 FOMC 회의 결과

•   국제금융센터: 주간 Wall Street 인사이트(9.23)

•   국제금융센터: 9월 FOMC 결과 평가 및 전망

•   국제금융센터: 코로나19 관련 동향 및 해외시각(9.23)

•   국제금융센터: 코로나19 관련 동향 및 해외시각(9.24)

•   국제금융센터: [Fund Flow] 글로벌 펀드자금, 주식에서 39주만에 유출 전환

•   국제금융센터: 공급차질로 인한 인플레이션 압력 증대 우려

•   국제금융센터: 영란은행의 조기 금리인상 가능성 제기

•   kotra: 유럽 그린딜을 향한 여정, FIT FOR 55를 살펴보자②

•   kotra: 전략국제연구센터, 美 반도체 공급망 분석 및 한미 협력방안 논의

•   kotra: 중국, 인터넷산업 규제 강화 동향

•   kotra: 브라질, 정국 불확실성으로 고삐 풀린 물가

•   kotra: 美 국제무역위원회(ITC) 'The Year in Trade 2020' 주요 내용 및 시사점

•   kotra: 브렉시트 이후 영국 산업계 현황

•   kotra: 코로나 4차 대유행에 따른 베트남 주요 도시 방역 대책 동향 및 전망

•   kotra: 2021년 프랑스 산업개관

•   kotra: 2021년 프랑스 신재생에너지 산업정보

•   kotra: 美, 수소경제시대를 어떻게 준비하고 있나

•   EMERiCs: [차이나인사이트] 중국 신에너지차, 글로벌 자동차 산업의 트렌드를 이끌다

•   수출입은행 해외경제연구소: 미중 패권경쟁 및 코로나19 시대의 신남방국가 투자환경과 시사점

•   조세재정연구원: [KIPF 조세재정 브리프 통권 제114호] 산업별 변이를 활용한 법인세 부담의 귀착효과 분석 연구

•   건설산업연구원: CERIK·KCB Housing Market Insight 3

•   LH토지주택연구원: 부동산시장동향보고서 2021년 9월호

•   한국경제연구원: 코로나 1년 반, 내수침체로 주요기업 해외시장 의존도 심화

•   NICE신용평가: 중국 헝다그룹 부도 시나리오와 전망

•   기재부: 거시경제금융회의 개최

•   기재부: 신규 해외석탄발전 공적 금융지원 가이드라인 마련

•   산업부: (설명자료)신재생 발전비용이 가파르게 급증하며, ‘20년 발전원가가 264.6원이라는 기사는 사실과 다르며, 신재생 발전원가는 지속적으로 하락 중(연합, 매경 9.20)

•   산업부: 수소트램 조기 상용화를 위해 열차‧수소차 드림팀이 모였다

•   산업부: 박기영 산업부 에너지차관 재생에너지 계통접속 현장 점검

•   산업부: (설명자료)원활한 풍력발전 보급을 위해 발전공기업의 풍력발전 출자사업 적정성 검토 절차 개편을 진행하고 있으며, 정산제도도 개선해나갈 계획(9.23일자 한겨례 보도에 대한 설명)

•   산업부: (설명자료)한전 적자, 4분기 전기요금 연료비 조정단가 조정은 연료비 상승 때문으로 탈원전 정책과 무관함(서경, 조선비즈 등 9.23)

•   산업부: (설명자료)4분기 전기요금 연료비 조정단가는 국제유가 등 연료비 상승 때문으로 탈원전 정책과 무관(조선, 한경, 매경 등 9.24)

•   금감원: 21.8월중 기업의 직접금융 조달실적

•   질병관리청: [보도설명자료] SBS, 단계적 일상회복 보도 관련

[Magazines]

•   Economist: America is at last getting serious about countering China in Asia

•   Economist: AUKUS reshapes the strategic landscape of the Indo-Pacific

•   Economist: The mess Merkel leaves behind

•   Economist: German candidates fight to woo moderate voters

•   Economist: Germany’s pro-business Free Democrats may be essential to forming a government

•   Economist: After Merkel

•   Economist: Germany’s urgent need for greater public investment

•   Economist: A troubled road lies ahead for German carmakers

•   Economist: Parts of Germany are desperate for more people

•   Economist: The European Union will badly miss Angela Merkel

•   Economist: The attitudes of Germany’s young

•   Economist: The world needs a more active Germany

•   Economist: Germany needs a reforming government

•   Economist: Natural-gas shortages threaten governments’ green goals

•   Economist: Natural-gas prices are spiking around the world

•   Economist: Evergrande’s crisis highlights China’s shortcomings

•   Economist: What are the systemic risks of an Evergrande collapse?

•   Economist: Why the head of the IMF should resign

•   Economist: Japan readies itself for an unpredictable ballot

•   Economist: China pledges to stop financing coal plants abroad

•   Economist: China believes that America is forging alliances to stop its rise

•   Economist: California ends single-family zoning

•   Economist: Biden’s booster plan has created confusion and concern

•   Economist: How Russia’s election was fixed

•   Economist: Britain’s gas market is broken

•   Economist: IMEC offers neutral ground amid chip rivalries

•   Economist: Japanese companies want to win back their battery-making edge

•   Economist: China throws a wrench into a transpacific trade pact

•   Economist: Why it is wise to add bitcoin to an investment portfolio

•   Economist: Beware the backlash as financiers muscle into rental property

•   Economist: How threatening are the high levels of corporate debt?

•   Economist: America’s debt ceiling is a disaster, though fiscal rules can help

•   Forbes: Mortgage Rates Will Spike If U.S. Defaults On Debt, Moody’s Report Finds

•   Forbes: The Metaverse: How To Build A Massive Virtual World

•   Fortune: How sustainable altcoins aim to challenge Bitcoin’s dominance

•   Fortune: What a government shutdown could mean for stocks

•   Fortune: The biggest losers in the Evergrande crisis? Beijing will decide

•   Fortune: Net zero isn't enough. We need to get to net negative with carbon removal

•   Bloomberg Businessweek: Future of Energy Requires Cleaner Electric Batteries to Solve Cobalt Problem

•   Bloomberg Businessweek: China’s Evergrande Debt Crisis Is Stress Test No One Wanted

•   Bloomberg Businessweek: Debt-Ceiling Deadline: Why Biden, Democrats Are Worried About Defaulting

•   Bloomberg Businessweek: How France Can Respond to Australia, U.S., U.K. Submarine Deal

•   Bloomberg Businessweek: Mexico’s Uneven U.S.-Powered Recovery Leaves Many Regions Behind

•   Atlantic: America’s China Strategy Is Working

•   Atlantic: Not Every Question Has a Scientific Answer

•   Atlantic: ‘Post-Vax COVID’ Is a New Disease

•   Atlantic: Democrats May Be on the Verge of Climate Disaster

•   Foreign Policy: State Department Plans ‘China House’ to Counter Beijing

•   Foreign Policy: China Is a Declining Power—and That’s the Problem

•   Foreign Policy: Brexit Fallout Could 'Collapse' the Good Friday Agreement, Ireland's Foreign Minister Warns

•   Foreign Policy: China Has Only Itself to Blame for AUKUS

•   Foreign Policy: Will AUKUS Hit China Where It Hurts?

•   Foreign Policy: Why This Energy Crisis Is Different

•   Foreign Policy: How France Can Avoid Being Reduced to a Symbolic Power

•   Foreign Policy: Japanese Prime Minister Suga Has No Clear Successor

•   Foreign Policy: The Next Big Player in the Global Economy Is Christian Lindner

•   Foreign Policy: Europe Is Fighting Over Its Fiscal Future

•   Foreign Policy: When the White House Changed Hands, It Changed Tone but Not Policies

•   Foreign Policy: The Middle East Is Becoming Literally Uninhabitable

•   Foreign Policy: Stalled North Korea Talks Show UNGA’s Limits

•   Foreign Policy: Can the Quad Stand Up to China?

•   Foreign Affairs: Europe’s Unlikely Champion

•   Foreign Affairs: The Last Chance to Stop North Korea?

•   Foreign Affairs: How to Save the Iran Nuclear Deal

•   Foreign Affairs: How America Should Deal With the Taliban

•   Foreign Affairs: Save the Environment, Save American Democracy

•   Barron's: Li-Cycle Stock Is a Smart Play on Electric-Vehicle Batteries

•   Barron's: China Faces a Reckoning With Evergrande Crisis. What Could Come Next.

•   Barron's: 100 Years of Barron’s: Tracing the Bond Market’s Historic Bull Run

•   Barron's: Pointless Debt-Limit Politics Are Risking a New Recession

•   Barron's: Two Key Market Dynamics Have Shifted Before Our Eyes

•   Barron's: Emerging Markets' Barely Make Sense as an Asset Class

•   Barron's: Evergrande: A Lehman Moment of Financial Contagion Is Impossible in China.

•   Barron's: What Biden's Tax Plans Mean for Capital Gains, the Child Tax Credit, and SALT

•   Barron's: A Stablecoin Run Could Cause Broader Financial Panic, Warns ex-FDIC Chief Bair

•   Barron's: Biden Is Trying to Make Housing More Affordable. Without State Action, It’s Not Enough.

•   Harvard Business Review: A Labor Movement for the Platform Economy

•   MIT Technology Review: The US is about to kick-start its controversial covid booster campaign

•   Power Magazine: SMRs May Replace Polish Coal; GE Hitachi in Fuel Supply Pact

•   Power Magazine: Is America Ready to Take a ‘Baby Step’ Toward Carbon Pricing?

•   Windpower Monthly: New offshore wind-to-green hydrogen project to host electrolysers on jack-up rigs

•   National Geographic: The wait is over: The green travel revolution is here.

•   National Geographic: The future of driving is here—and it’s electric

•   National Geographic: How electric cars will dominate global sales within 20 years

•   이코노미스트: 그시절 ‘IMF학번’ 70년대생, 기업 임원 반열에 오른다

•   주간동아: 누가 대통령 되든 국무총리는 김동연?

•   신동아: 텅 빈 중원…잃을 게 없는 김동연의 대박 투자?

[Books]

•   FT: Business book of the year 2021 — the shortlist

•   Project Syndicate: The Calm Heat of German Politics by Helmut K. Anheier

•   매경: 2022년 온라인 소비폭발…MZ 아닌 4050이 이끌어

•   매경: [Books&Biz] 메르켈의 16년, 독일을 '성숙한 나라’로 바꿔놨다

•   한경: [책마을] 거대 플랫폼에 종속되지 않으려면

•   서경: [책꽂이] 현대차는 왜 '수소 대중화'를 선언했나

•   서경: [책꽂이] 디지털전환 이끌 리더의 전략은

•   동아: [책의 향기]미래 자동차 ‘테슬라’의 이면을 벗기다