Monetary Policy
RBI's Subbarao dismisses deflation worries
The governor of the Reserve Bank of India (RBI) has dismissed fears that the country's economy could suffer a prolonged bout of falling prices, saying that there was "no concern of deflation."
BIS volume on household debt-policy implications
The Bank for International Settlements has published a volume of speeches and papers delivered at a seminar on the implications of household debt for monetary policy and financial stability, held in March 2008 in Seoul.
The state of the art of inflation targeting
The Bank of England's Centre for Central Banking Studies has published a new handbook showing the key features of the inflation-targeting frameworks in each of the 26 inflation - targeting central banks around the world.
Swiss talk tough on franc appreciation
The Swiss National Bank has warned that it will continue to intervene in currency markets to prevent the appreciation of the franc.
Norges Bank to tweet rate decisions
Norges Bank has begun using twitter, the social networking site, to communicate rate decisions.
Chile to keep rates at record low until mid 2010
The Central Bank of Chile has indicated that, contrary to market expectations, it is likely to keep rates at a record low of 0.75% until at least the middle of next year.
Posen to join Bank's MPC
Adam Posen, a deputy director at the Peterson Institute, is to replace Tim Besley on the Bank of England's Monetary Policy Committee (MPC).
US output gap may be smaller than thought
That core inflation has fallen relatively little indicates that there is less slack in the American economy, and thus a smaller output gap, than standard estimates predict, research published by the San Francisco Federal Reserve posits.
Inflation outlook leaves scope for RBA cuts
Members of the Reserve Bank of Australia's rate-setting board saw no pressing case for further monetary stimulus but concurred that the inflation outlook left scope for cuts if required, the minutes of this month's policy meeting show
On macrofinance and monetary policy
The National Bank of Denmark has published a thesis exploring some of the theoretical and empirical aspects of monetary policy and macrofinance.
Cyprus's Orphanides on inflation targeting
Inflation targeting has had a positive influence on policy even among central banks that have chosen not to adopt it, Athanasios Orphanides, the governor of the Central Bank of Cyprus, has said.
Inflation-targeting central banks communicate more
Central banks operating under inflation-targeting frameworks tend to provide more information than entities operating under other frameworks, a new paper from the Bank for International Settlements reveals.
Generalised Taylor rule holds
The generalised Taylor principle is alive and well, new research from the Kansas City Federal Reserve posits.
Dornbusch was right
Dornbusch's exchange rate overshooting hypothesis holds, new research from the Norges Bank reveals.
Krugman: there is a liquidity trap, we're in it
In the first of a three-night stint at the London School of Economics, Paul Krugman sounded the death knell for economists' faith in monetary policy as a means of avoiding depressions.
Resource utilisation a policy factor for Riksbank
Monetary policy should take into account not only the total amount of spare capacity in the economy, but also its composition, said Svante berg, the first deputy governor of the Riksbank.
Price-level targeting better than IT
Moving to price-level targeting from inflation targeting is welfare enhancing when imperfect credibility is short-lived, a new paper from the Bank of Canada posits.
Iceland dismisses IMF advice and cuts
The Central Bank of Iceland's rate-setting board cut its key rate by a percentage point on Thursday despite the International Monetary Fund (IMF) last week supporting a "firm" monetary stance.
Germany's Merkel attacks central banks
Angela Merkel, the chancellor of Germany, on Tuesday criticised the unconventional measures taken by central banks around the globe and called on them to revert to sane and independent monetary policy.
RBA's Debelle: leaning against the wind useless
There is not much to be achieved by leaning against the wind, said Guy Debelle, the assistant governor for financial markets at the Reserve Bank of Australia.
RBA hints at further easing
While it kept rates on hold for the time being, the Reserve Bank of Australia has dropped a strong hint that further rate cuts are on the way by suggesting that "scope remains for some further easing."
Mboweni questions rand's rise
The governor of the South African Reserve Bank, Tito Mboweni, said the recent strength of rand against the dollar may be "unwelcome" as it pushes up the cost of the country's exports.
Turkey explains another cut
The Central Bank of Turkey cut rates by 50 basis points in May as data offered no signs of recovery in economic activity of employment, the minutes for the 14 May meeting reveal.
Weakness in dollar only "temporary" - UAE governor
Sultan Nasser Al Suwadi, the governor of the Central Bank of the United Arab Emirates, said that he perceived the weakness of the dollar as a "temporary situation".