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Prepared by Margherita Giuzio, Christoph Kaufmann and Ellen Ryan This box examines the response of the investment fund sector to monetary policy shocks and the implications of this for financial stability. The investment fund sector has more than doubled in size since the global financial crisis. As the sector grows, so does its importance for the funding of economic activity and the transmission of monetary policy. But excessive risk-taking by funds can also have damaging effects for the wider financial system when it contributes to high levels of corporate leverage or when risky asset holdi...

Siobhan McSweeney, actress. From Aherla in Cork, living in London I am in my flat in London right now, teaching myself embroidery and eating too much. I’m trying to read but ending up watching old episodes of Miss Marple. I was last in Ireland only in January. The Olympia Theatre with Landmark Productions, funded by the Department of Arts, live-streamed Happy Days by Samuel Beckett for one night only with myself and Marty Rae. I was rehearsing in Belfast in December and it meant that I was in the extraordinarily lucky position of being able to spend Christmas Day and Stephen’s Day with m...

Credit: N. Hanacek/NIST 2020 has been a challenging year, but we at the National Institute of Standards and Technology (NIST) have worked as hard as we can to fulfill our mission for the American people: to promote U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. Since the beginning of the pandemic, our researchers have continued to publish their work, to (virtually) meet, and, to the extent that is safely possible, to continue their experiments on NIST...