Central Banking Journal - Volume XXVIII Number 2
Articles in this issue
Productivity puzzles and the neutral rate of interest
Monetary policy frameworks come under pressure
Perng Fai-nan on how Taiwan has eluded crisis for 20 years
Taiwan’s governor explains the benefits of pragmatic interventions
A new era for the BIS
BIS general manager Jaime Caruana talks to Daniel Hinge about his eight years at helm
John Williams on the neutral rate of interest and mandate change
Fed president says fall in rate means central banks should work together to review their mandates
Japan’s ineffective efforts at monetary easing
The failings appear to be related to effectiveness, rather than scale
Google’s Hal Varian on how technology is changing economics
Big data and machine learning are facilitating changes in thinking
Teaching machines to do monetary policy
Machine learning is bringing powerful tools to bear on big economic questions
Big data in central banks: 2017 survey
As an active area for new projects, big data is becoming a fixture in policymaking, with an increasing number of central banks carving out a budget for data handling
Making the most of big data
The European Central Bank's Per Nymand-Andersen discusses embracing big data and what this could mean for the industry
Interview: Edward Prescott
Nobel Prize-winner speaks about time inconsistency and real business cycle theory
The optimal size for central bank balance sheets
Charles Goodhart examines role of monetary and fiscal agents
Financial regulation, the PBoC and Zhou’s legacy
Zhou Xiaochuan has ensured the PBoC has a strong voice on China’s new apex stability committee
Kenya’s digital transformation
The use of innovative digital financial services has transformed financial inclusion
Book notes: Advice & Dissent: My Life in Public Service, by YV Reddy
Engaging look into private life and career of former governor of Reserve Bank of India
Book notes: The Myth of Independence, by Sarah Binder and Mark Spindel
Politicians would do well to heed the authors’ lessons, but their economic analysis could be stronger, writes Niels Bünemann
Book notes: The Limits of the Market, by Paul de Grauwe
Concise analysis into how markets and governments react with one another, but surprising lack of economic thought history
Book notes: Econometrics as a Con Art, by Imad Moosa
Every central bank should have a copy of this interesting study, which holds common econometric practice under the microscope, writes Graham Bannock