Operating framework
Jamaican authorities send mixed messages on adoption of inflation targeting
Authorities say more time needed to investigate whether inflation targeting is suitable
IMF paper explores transmission of volatility along yield curve
Authors see differences depending on progress towards inflation targeting
Kuroda says policy rules deserve further research
"Incomplete contract theory" could be important in building a set of rules
Sri Lanka targets new inflation framework under reform programme
Authorities will take steps towards inflation targeting over the coming years
Prospective eurozone members fail to meet convergence criteria, ECB says
ECB reports greater convergence on economic indicators among seven countries
IMF staff urge oil-reliant countries to strengthen liquidity frameworks
Low oil prices likely to harm liquidity, raising the need for improved facilities and forecasting, the report says; risk of a delayed surge in non-performing loans
Kocherlakota: Fed should talk openly about negative rates
Former Minneapolis Fed president advocates talking about policy options in a recession ahead of time
Strong anti-inflationary monetary policy helps mitigate uncertainty shocks, Italian paper says
Paper sees a Taylor rule as useful for mitigating uncertainty-driven recessions
Iceland expands policy framework with capital flow tool
Central bank imposes reserve requirements on capital inflows
Central Bank of Argentina raises reserve requirements
Argentina raises reserve requirements as it continues to fight high inflation
Pursuing stable rates may create instability, Norges Bank paper finds
Central banks may struggle to credibly commit to stable rates
Bank of Jamaica lowers inflation target
Jamaica's central bank continues move towards inflation-targeting regime
Iceland prepares for offshore króna auction
Date set for major step towards lifting capital controls
Lagarde: Kazakhstan central bank needs clear mandate
Floating the currency was "just the beginning", IMF chief says
Riksbank’s Skingsley sees potential in helicopter money
Limited room for manoeuvre calls for more radical thinking, says deputy
IMF staff encourage central Asian economies to overcome ‘fear of floating’
Central banks should resist urge to intervene, authors say
Bank of Canada review explores inflation target renewal
Four articles consider various elements of the central bank’s inflation targeting framework
Philippines announces new rate corridor
Central bank will introduce new lending and deposit facilities in June, with interest rates set either side of a lower policy rate
Syrian central bank slashes exchange rate as currency pressure grows
Central bank adopts more flexible approach to exchange rate
ECB paper presents evidence of risk-taking channel in US
Working paper finds interest rates affect the quality of bank credit in the US
Turkey vulnerable to sudden stop, IMF warns
Central bank action would help shore up weak external position, fund says
Trilemma, dilemma, and the PBoC's primer for the 'new normal'
Hui Feng argues the PBoC faces a dilemma not a trilemma
BoE assumes control of interest rate benchmark
Central bank to oversee and reform Sonia benchmark
Advanced economies could learn from EM counterparts in managing balance sheets, paper says
Composition of advanced economies' balance sheets aligning to their EM counterparts