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Sveriges Riksbank Economic Review, No 1 2007
The Sveriges Riksbank published its Economic Review No 1 2007 on Wednesday 4 April. The latest edition includes the article "The role of academics in monetary policy: a study of Swedish inflation targeting".
Risk measurement and systemic risk
The European Central Bank on 11 April published proceedings from the Fourth Joint Central Bank Research Conference on Risk Measurement and Systemic Risk which took place at the ECB in Frankfurt on 8 and 9 November 2005.
Chicago Fed's Moskow on US economic outlook
In the speech 'U.S. economic outlook' given on 11 April Michael Moskow of the Federal Reserve Bank of Chicago said the risk of inflation staying stubbornly high is still greater than the possibility of economic growth falling too low.
Modelling payments systems: Literature review
In this Bank of Canada Working Paper the authors organize the literature on payments systems according to three general classes of modelling approaches, and compare those approaches in terms of their strengths and weaknesses.
Canada's Kennedy on uncertainty in monetary policy
In the speech 'Dealing with uncertainty in the conduct of monetary policy' given on 12 April Sheryl Kennedy of the Bank of Canada said that the data, models and indicators the central bank uses to set monetary policy provide only "approximate information…
IMF struggles to find a role on the global stage
According to this article from The Times, published Tuesday 10 April, both the IMF and the G7 are becoming outdated and toothless bodies as the world economic landscape is transformed by the rise of China, India and Brazil.
BOK says economy on modest growth track
The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.
China's FX reserves past $1.2T
China's foreign reserves have risen past $1.2 trillion, a state news agency said Thursday 12 April, amid surging trade and plans to create a multibillion-dollar company to invest some of the stockpile.
SARB says SA credit not immediately inflationary
South Africa's central bank governor Tito Mboweni said on Thursday 12 April the country's household spending and credit were not immediately inflationary but warned that bank lending remained "uncomfortably high".
Bank of Japan Monthly Report, April 2007
The Bank of Japan published the English version of its April 2007 monthly report on Thursday 12 April. In the report the BOJ left its assessment of economic and financial developments unchanged in April, saying the economy will continue to expand…
IMF World Economic Outlook, April 2007
The International Monetary Fund published its World Economic Outlook April 2007 on 11 April. In the report the IMF said the European Central Bank should raise interest rates again this summer, and further tightening moves may also be necessary after that.
Fed's Stern: Perspectives on the economy
In the speech 'Perspectives on the economy' given on 29 March Gary Stern of the Federal Reserve Bank of Minneapolis said the United States economy is "anything but fragile" and that the worst of the housing market crunch might be over.
The economics of money laundering enforcement
The IMF Working Paper 'A theory of "crying wolf": The economics of money laundering enforcement' shows how excessive reporting, called "crying wolf", can dilute the information value of reports.
BoE paper on migration and UK economy
Migration into the UK from EU accession countries continues to suppress inflationary and wage pressures, a working paper from the Bank of England's Monetary Policy Committee published Wednesday 11 April found.
Bernanke on financial regulation & invisible hand
In the speech 'Financial regulation and the invisible hand' given on 11 April Ben Bernanke of the Federal Reserve said the current market-based system is the best way to regulate the trillion-dollar hedge fund industry although improvements can be made.
Fed minutes show core inflation as policy risk
Federal Reserve officials on the Federal Open Market Committee continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, according to minutes released Wednesday 11 April.
ECB says rates are boosting growth
European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 April the ECB's interest rates are still boosting economic growth after seven increases since late 2005, leaving open the possibility of a further move.
Is single East Asian currency possible? Not now
According to this article from the Shanghai Daily, published Tuesday 10 April, it is not a realistic approach for East Asian countries to explore the possibility of a single currency.
Brazilian cb monetary policy head resigns
Brazilian central bank director Rodrigo Azevedo resigned as chief of monetary policy, citing an interest to work outside of government, Bloomberg reported Wednesday 11 April, citing a statement.
Hungary's cb says inflation expectation still risk
There remains a risk that inflationary expectations may stabilize at higher levels than previously forecast by the Hungarian National Bank (MNB), Henrik Authg, vice president of the central bank said on Wednesday 11 April.
BOJ new members see sustained, gradual recovery
Seiji Nakamura and Hidetoshi Kamezaki, who recently joined Bank of Japan's nine-member policy board, told a press conference on Wednesday 11 April they see a sustained but gradual expansion of the Japanese economy and a mild rise in inflation going…
BOJ's Inaba warns on low short-term rates
Short-term interest rates left at too low levels for too long could ignite inflation concerns among investors, which in turn could push up long-term rates, a senior Bank of Japan official told lawmakers Wednesday 11 April.
Fisher expects pick-up in pace of US growth
The U.S. economy is in a slowdown, but the pace of growth should accelerate as the year unfolds, Dallas Fed president Richard Fisher said Tuesday 10 April.
Plosser says committing to policy goal important
Federal Reserve Bank of Philadelphia president Charles Plosser said on Tuesday 10 April that committing to a policy goal and providing more information about the central bank's aims would help keep inflation expectations in check.