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Gramlich on The Board's Modeling Work in the 1960s
In a speech on 'The Board's Modeling Work in the 1960s' given on 26 March, Edward Gramlich of the Federal Reserve said poor decision-making by Federal Reserve officials in the late 1960s reflected political interference and not a misunderstanding of the…
Fed's Bernanke on trade and jobs
In a speech on 'Trade and jobs' given on 30 March, Ben Bernanke of the Federal Reserve said the slow pace of hiring in the US is related to increasing productivity and not to outsourcing or trade.
St Louis Fed's Regional Economist, April 2004
The Quarterly Review of Business and Economic Conditions, The Regional Economist, April 2004 edition from the St Louis Fed includes the article "Miscommunication". What the Fed said last year it could do if deflation surfaced was one thing. What the…
RBA Financial Stability Review, March 2004
The Reserve Bank of Australia has published the first edition of its new report, the Financial Stability Review for March 2004. The report will be published every six months.
Bundesbank chief Welteke pays disputed bill
The president of the Bundesbank sought to head off calls for his resignation on Monday by agreeing to pay back a controversial luxury-hotel bill which was covered by a private bank.
Silver euro unveiled to mark EU expansion
The European Union's Irish presidency unveiled a special 10-euro silver coin on Saturday minted to commemorate the bloc's upcoming historic enlargement.
Poland says to adopt euro by 2007
Poland, which on May 1 will become a member of the European Union, should adopt the euro as its national currency by 2007, the country's central bank chief said.
Italy calls for stability pact revamp
Italy has demanded a revamp of the EU Stability and Growth Pact to devote more attention to nurturing economic growth than curbing deficits.
Bank of Korea admits system crash
The Bank of Korea has confirmed that its computer network suffered an unprecedented five-hour crash on Friday reducing the central bank to executing transactions with faxes.
Report says ECB rate cut 'blocked'
A UK newspaper has reported that the ECB was effectively blocked from cutting interest rates last week after German and Dutch governors resented political pressure to ease eurozone monetary policy further.
BoJ's Haru: deflation unlikely to end this year
Bank of Japan (BOJ) Policy Board member Hidehiko Haru has suggested that Japan is unlikely to overcome deflation by the end of 2004, saying greater increases in consumption holds the key to a full economic recovery.
Bernanke: Financial education and Jump$tart survey
In the speech 'Financial education and Jump$tart survey' given on 1 April Ben Bernanke of the Federal Reserve said the Federal Reserve is involved with financial education on many fronts. Reserve Banks around the country conduct workshops for teachers…
The Japanese Economic Model: JEM
This Bank of Japan Working Paper sets out the Japanese Economic Model, a large macroeconomic model of the Japanese Economy. Although the JEM is a theoretical model it can be used for both projection and simulation analysis.
RBNZ foreign exchange intervention principles
The Reserve Bank of New Zealand on 30 March released a letter from the Bank to the Minister of Finance outlining how it intends to undertake foreign exchange market interventions.
Fund focus on regulatory governance
After five years investigating national financial systems under its FSAP programme, the International Monetary Fund has decided that poor regulatory governance - how regulatory authorities themselves are governed - is undermining financial stability.
IIE sees strong economic growth in coming years
The Institute for International Economies (IIE) says that world economic growth will reach its highest rate in a generation in 2004 led by strong performances in the US and emerging Asia, before moderating in 2005.
IMF and WB to play part in Iraqi debt settlement
Russian Finance Minister Alexey Kudrin said on Friday 2 April that the issue of Iraqi debt settlement will be solved together with the World Bank and the International Monetary Fund (IMF).
Foreign reserves hit record high in South Korea
South Korea's foreign currency reserves hit a record high of 163.56 billion dollars at the end of March, according to the Bank of Korea.
Hungary set to delay eurozone entry
The Hungarian government is likely to delay the country's euro entry by one or two years from the original target of 2008, finance minister Tibor Draskovics said on Thursday 1 April.
Survey of developments in e-money
The Committee on Payment and Settlement Systems (CPSS) has published its March 2004 Survey of developments in electronic money and internet and mobile payments. In this survey the number of participating central banks and monetary authorities has…
Heikensten: Introduction on monetary policy
In a speech on 'Introduction on monetary policy' given on 1 April, Lars Heikensten of the Sveriges Riksbank said we can now see that the economic upswing is continuing to strengthen gradually. Industrial activity has made some progress; export demand is…
Moskow on monetary policy and the jobless recovery
In a speech on 'Monetary Policy and the Jobless Recovery Puzzle' given on 1 April, Michael Moskow of the Federal Reserve Bank of Chicago said it was too soon to know when the Fed would begin to raise interest rates from the lowest level since 1958.
Fed's Kohn:Rate-hike "burden of proof" not yet met
In a speech on 'Monetary Policy and Imbalances' given on 1 April, Donald Kohn of the Federal Reserve rejected the argument that the Fed should start raising rates sooner rather than later because "keeping the funds rate so low and signalling that it will…
Liikanen may bid for governorship of Finland cb
Erkki Liikanen, the European Commissioner for Enterprise and the Information Society, says that he is considering applying for the post of Governor of the Bank of Finland.