Monetary Policy
Back to the future? Assessing the deflation record
This BIS Working Paper looks back to a period when deflation was a regular feature of the economic environment, and says the phenomena comes in three basic types: the good, the bad and the ugly. It finds that despite periods of deflation it was not…
Kohn on research at the Federal Reserve
In a speech on 'Research at the Federal Reserve Board: The Contributions of Henderson, Porter, and Tinsley' given on 26 March, Donald Kohn of the Federal Reserve said the Fed's armada of economic researchers play an important role in helping policymakers…
IADB conference opens in Peru
Finance ministers and central bank presidents from 46 nations are meeting in Lima to participate in the Inter-American Development Bank conference, which opened on Monday 29 March.
Eurozone inflation remains at four-year low
Inflation in the 12-nation eurozone stood at a four-year low point of 1.6 percent in March, unchanged from February, Eurostat said in a preliminary estimate on Wednesday 31 March.
Eurozone to recover despite mixed signals
Slow consumer spending is casting a shadow over the short-term outlook for the eurozone economy, the European Commission said in a report, agreeing with concerns expressed by the European Central Bank.
Canada's Jenkins on Asia and the Global Economy
In a speech on 'Asia and the Global Economy' given on 30 March, Paul Jenkins of the Bank of Canada explores the issues arising from the growing importance of Asian emerging-market economies, notably China and India, in the global economy.
Parry on community development and leaving the Fed
In opening remarks given on 29 March at the Community Reinvestment Conference in Hollywood, California, Robert Parry of the San Francisco Fed discussed why community development is a priority for the Federal Reserve System. Parry also talks about what…
Edwards to replace Carson as IMF statistics head
Anne Krueger, acting managing director of the International Monetary Fund (IMF) since Horst Kohler resigned, is to appoint Rob Edwards, an Australian, to replace Carol Carson as the IMF's head of statistics.
BoE's s Barker: no need to raise rates
A high inflation forecast does not mean the Bank of England has to raise rates, a member of its rate-setting monetary policy committee told a Scottish newspaper, as figures released today showed the UK housing boom continuing apace.
Interview - Sir Andrew Large
CentralBankNet presents the highlights of Sir Andrew Large's recent interview with The Financial Regulator journal, in which he describes how the Bank of England works to maintain financial stability in the United Kingdom, and comments on the new Basel…
Bank of Canada - Annual Report 2003
The Bank of Canada has published its Annual Report for the year ended 2003. In the Governor's Message David Dodge said the Bank of Canada recognises that adjusting to the stronger Canadian dollar will be one of the most important economic challenges…
Fed's Bernanke on monetary policy modeling
In a speech on 'Monetary Policy Modeling: Where Are We and Where Should We Be Going?' given on 27 March, Ben Bernanke of the Federal Reserve said researchers should aim to provide more realistic models of the economy, improve economic forecasting and…
Philadelphia Fed's Santomero on 21st C banking
In a speech on 'Banking in the 21st Century' given on 27 March, Anthony Santomero of the Federal Reserve Bank of Philadelphia said a new law this year will make it more efficient for banks to process the growing number of electronic payments, even as old…
Norway's Gjedrem on inflation targeting
In a speech on 'Flexible inflation targeting' given on 29 March, Svein Gjedrem of Norges Bank said external cyclical developments and events have had considerable implications for developments in the Norwegian economy.
Bank of England's Nickell sees rapidly rising debt
Bank of England Monetary Policy Committee member Stephen Nickell said on Monday 29 March that most UK borrowers can afford the burden of "rapidly" growing mortgage debt, signalling it may see room for higher interest rates.
Snow tells PBOC governor to scrap peg
U.S. Treasury Secretary John Snow told People's Bank of China Governor Zhou Xiaochuan on Friday 26 March that China needs to scrap its dollar-pegged foreign exchange system and float the yuan.
Solbes: Eurozone recovery slowly moving ahead
EU economic commissioner Pedro Solbes said on Monday 29 March that recovery in the eurozone is "slowly gaining momentum" but the euro's rally and depressed consumer confidence are brakes on growth.
RBNZ Head of Operations appointed
The Reserve Bank of New Zealand announced on Wednesday March 24 the appointment of Dr Don Abel as the Bank's Assistant Governor and Head of Operations.
Central bankers get new home in Mauritius
The Bank of Mauritius has awarded a contract for the construction of a new multi-storey headquarters in Port Louis.
Poland's NBP confirms management changes
Leszek Balcerowicz, president of the National Bank of Poland, confirmed a number of changes to the central bank's management this week.
'Mr Euro' quits EU for Spanish fin min job
Pedro Solbes, a staunch defender of the eurozone's stability and growth pact, is stepping down as European economic and monetary affairs commissioner on 11 April to take up the post of finance minister in Spain's incoming Socialist government.
Central bank communication Philippines style
With elections fast approaching in the Philippines, campaigners are using SMS text messaging to drum up support. But reports say central bank governor Rafael Buenaventura is also a fan of texting.
Japan's funny money
The Bank of Japan's recent high-profile presence in the foreign exchange market has attracted enough popular interest to become the latest topic in Golgo 13, a series in the Big Comic magazine targeted at Japanese salarymen.
Spain's Paramo gets ECB green light
Eurozone finance ministers decided on Thursday March 25 to propose Spain's Jose Manuel Gonzalez-Paramo to the European Central Bank's Executive Board.