Economics
Inflation and unemployment affect wage rigidity, Icelandic authors find
Research challenges New Keynesian assumption that timings of wage changes are exogenous
Research sheds light on RBNZ concerns over inflation expectations
John McDermott argues the risk of inflation expectations losing their anchor has increased
Paper uses machine learning to nowcast GDP in Lebanon
Analysis is a ‘distinct challenge’ in the country on account of data lags
Charlie Bean calls for ‘culture changes’ at ONS in final statistics report
ONS should set up two centres to better measure economic activity, Bean says
RBNZ tweaks forecasting models and cuts key rate
Reserve Bank of New Zealand cuts rates by 25bp to 2.25% in attempt to prevent inflation expectations from falling further
Paper finds evidence in favour of ‘exchange-rate-anchored inflation targeting’
IMF working paper considers optimal policy mix in ‘less developed countries’
Brainard warns of segmentation of liquidity
Changes in liquidity practices may heighten risk of ‘asset fire-sales’, Fed board member says
RBA’s Lowe says productivity still a problem
Despite a successful rebalancing, productivity is still giving policy-makers a headache
Regulation affects pass-through to current account, BoE paper finds
Liberalisation works in different directions in financial and product markets
PBoC's Zhou dismisses talk of renminbi devaluation ahead of G20 meetings
Chinese governor expects capital outflows to subside
BoJ’s Nakaso sees analytical challenge in gauging reforms
Debate continues between demand- and supply-side theories
Financial variables improve output gap estimates, BoE paper finds
Measure gives policy-makers better early-warning indicators
Research considers impact of fiscal consolidation on debt-to-GDP ratio
Working paper published by ECB analyses different types of consolidation
Research considers why macroeconomic announcements impact asset prices
Working paper published by ECB weighs ‘intrinsic value’
Caruana marks out dangerous nexus between debt, oil and the US dollar
Latest data points to possible tightening of global liquidity
BIS paper finds forecasters put too much faith in private information
Forecasters seem to be attempting to differentiate themselves
Kansas Fed researchers bridge gap between forward guidance data and theory
Working paper tests theoretical model against empirical findings
BIS paper says trade finance impacts global spillovers
Working paper emphasises importance of trade finance when modelling global shocks
Issing says eurozone status quo is in danger
Monetary union still plagued by problems caused by economic but not political integration
BIS stats show further retreat in global banking flows
Falling claims on China drive bulk of overall reduction in cross-border claims
ECB paper quantifies spillover from sovereign to corporate credit risk
Research studies direct spillover effects in the aftermath of the first Greek bailout
Debelle highlights ‘rich potential’ in regulatory data
Useful trends already starting to emerge, assistant governor says
Modern central banks need big data strategy, Riksbank economists say
Organisational changes could help departments work together more closely
Bean calls for overhaul of UK statistics
Report calls for national statistics office to become more agile