Monetary Policy
Book says Fed “challenged essence of democracy”
Pulitzer Prizewinner says Bernanke had more authority to fix subprime mess than any other individual
Estonia to head straight for euro – Lipstok
Bank of Estonia’s Andres Lipstok says euro adoption is a key priority
Bank unveils commercial paper facility
Bank of England details Secured Commercial Paper Facility aimed at bolstering companies’ working-capital requirements
Bank says Asset Purchase Facility works
Bank of England confident Asset Purchase Facility (APF) helps corporate bond market
Bank stats show quantitative easing having little impact
Broad money measure targeted by Bank of England falls in June despite £125 billion-worth of quantitative easing
NY Fed’s Dudley says too premature to set exit date
New York Federal Reserve’s Bill Dudley says risks tilted toward weak growth and not high inflation
RBI report highlights upside risks
Risks to projections of real GDP growth and inflation for 2009-10 are on the upside, says Reserve Bank of India
Stevens’s crisis downgrade sends Aussie soaring
Markets jump on Reserve Bank of Australia governor’s upbeat outlook for economy
Hungary surprises with full-point cut
National Bank of Hungary slashes borrowing costs amidst continuing economic slowdown
People’s Bank to “guide” lending
Chinese central bank's nuanced policy reflects desire for growth coupled with stability
Thai central bank lowers forecasts
Gloomier outlook for GDP and inflation as Bank of Thailand keeps rates on hold
Tight policy can cause spike in money growth
Bundesbank investigates the transmission of monetary policy in the euro area
Bank of Canada sees end to recession
Central bank brings forecast forward with positive third quarter predicted
Tripartite governors first meeting
Governors of People’s Bank of China, Bank of Japan and Bank of Korea hold first annual summit
BoE unanimous on July decision
Monetary Policy Committee postpones review of Asset Purchase Programme to next meeting, July minutes show
Kenya paves way for recovery with loosening
Central Bank of Kenya’s cuts to its cash reserve ratio and benchmark rates seen as bold moves
Svensson: aim inflation expectations above target
Lars Svensson, one of the defenders of inflation targeting, says above-target inflation needed to spur employment
New Keynesian Phillips Curves with wage rigidities
Bank of Canada applies structural inflation models with real wage rigidities to the domestic economy
The real exit problem at the Federal Reserve (and ECB and BoE)
Central bankers must abandon their focus on targeting inflation in the medium term if we are to really consign the crisis to history
BoJ policymakers consider exit from credit easing
Bank of Japan rate-setter says central bank should consider ways to terminate unconventional measures
External consumption habits impact monetary policy
European Central Bank considers implications of consumption on monetary policy
Bernanke details Fed exit strategy
Reserve balances key, but Fed chairman fears political interest in fund recipients
RBA holds on signs of stabilising global economy
Reserve Bank of Australia decides to keep policy rate unchanged on signs of green shoots for both the global and domestic economy
Pay cuts in Luxembourg rare
European Central Bank assesses the degree of wage flexibility in Luxembourg