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Inflation targeting a dangerous fad, says Stiglitz
Joseph Stiglitz, the Nobel Prize-winning economist and Columbia University professor, has panned inflation targeting as a "fad" that could lead to economic disaster.
Internal measures crucial for EU's economic growth
The EU needs to implement structural reforms and improve cost discipline to absorb negative external price shocks and support growth, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
Central banks key to South Asian payment systems
Central banks must spark the development of South Asian payment systems, said Ranee Jayamaha, the deputy governor of the Central Bank of Sri Lanka.
Why do growth rates differ?
Differences in growth rates can be largely explained by capital deepening and an ability to produce new technology in the form of patents, research published by the Bank of Finland finds.
Estonia's Lipstok on IMF's opinions
The Bank of Estonia agrees with the International Monetary Fund's view that economic conditions are testing public finances and flexibility, its governor said.
Discomfort over inflation led RBA to hold
Despite signs that domestic demand is weakening, Reserve Bank of Australia opted to leave rates at a 12-year high of 7.25% in May on the back of "uncomfortably high" inflation figures.
IMF's Lipsky cautious on recent bout of calm
John Lipsky, the first deputy managing director of the International Monetary Fund, refused to call the end of the global turmoil in a speech on Tuesday.
Senator questions plans for greater Fed role
The top Republican on the US Senate Banking Committee has challenged plans to extend the Fed's regulatory power.
EBRD appoints Mirow as chief
Thomas Mirow, the state secretary of the German Finance Ministry, will replace Jean Lemierre as head of the European Bank for Reconstruction and Development, the development bank for most of Central and Eastern Europe.
MIT's Blanchard to become IMF chief economist?
Olivier Blanchard, an economics professor at the Massachusetts Institute of Technology (MIT), will be the next chief economist at the International Monetary Fund (IMF) a leading German weekly has reported.
People's Bank helps regions hit by quake
The People's Bank of China has announced a raft of measures aimed at aiding the regions worst hit by last week's earthquake.
Leave rates at record high, IMF tells NZ
The International Monetary Fund (IMF) has called on the Reserve Bank of New Zealand to avoid cutting rates until clearer signs of a slump emerge.
Fed's Pianalto defines inflation
Sandra Pianalto, the president of the Cleveland Federal Reserve, has clarified the difference between relative-price pressures and inflation.
Core inflation no better than other measures
New research published by the Philadelphia Federal Reserve dismisses claims that core inflation is a better predictor of total inflation.
Riksbank's Ingves calls for regulatory revamp
Stefan Ingves, the governor of the Riksbank, wants a regulatory framework that combines the need to maintain stability and minimise costs to the public sector in the short term with long-term market discipline.
Can central banks go broke?
Central banks can go broke and have done so historically, Willem Buiter, a former member of the Bank of England's Monetary Policy Committee now a professor at the London School of Economics, states in a new research paper.
Bundesbank expects euro inflation to accelerate
The Bundesbank on Monday said it expects inflation to increase further in the coming months and that the measure could stay above the European Central Bank's (ECB) target in the long term.
Bernanke letter confirms interest payment plans
Ben Bernanke, the chairman of the Federal Reserve, has called on Congress to allow the institution to pay interest on banks' reserves - a move reported earlier this month. The change will stop interbank charges falling below the federal funds rate.
Ghana raises rates by 175bp
The Bank of Ghana has hiked its benchmark interest rate to 16% on the back of soaring inflation.
Lomax decides to quit the Bank
Rachel Lomax, a deputy governor at the Bank of England, will leave when her term ends at the end of June.
We must avoid the errors of the 70s: Trichet
Jean-Claude Trichet, the president of the European Central Bank (ECB), has warned that the world's central bankers risk a return to the dark days of the 1970s if they cut rates in the current climate.
Issue of rising food prices needs reflection
The recent surge in food prices requires careful consideration not knee-jerk reactions, Norbert Walter, the chief economist for Deutsche Bank Group, notes.
IMF on the progress of financial integration
Financial integration has progressed significantly worldwide, particularly in emerging markets, research published by the International Monetary Fund finds.
NY Fed's Dudley on the crunch's causes
The recent market turmoil has been driven by two developments, says William Dudley, an executive vice president of the New York Federal Reserve.