Monetary Policy

BOJ minutes-board votes 8-1 to keep policy-Jan 19

The Bank of Japan policy board members voted 8-1 to keep monetary policy unchanged at their Jan. 19 meeting, but a majority of the members said risks posed to Japan's economy from developments in overseas economies and domestic and foreign capital…

Currency boards: More than a quick fix?-journal

In the latest issue of the journal Economic Policy, Atish R. Ghosh and Anne-Marie Gulde from the International Monetary Fund, and Holger C. Wolf of George Washington University and NBER have written a paper "Currency boards: More than a quick fix?" This…

Central bank independence in transition economies

In the latest issue of the journal The Economics of Transition Wojciech S. Maliszewski from the London School of Economics has written a paper about "Central bank independence in transition economies". The paper discusses recent changes in central bank…

Singapore's Exchange Rate Policy - paper

This paper examines Singapore's experience with the exchange-rate based monetary policy system since its adoption in the early 1980s. It discusses the movements in the Singapore dollar exchange rate over the past two decades, and considers how the system…

The EMS crisis in retrospect-Eichengreen

This Centre for Economic and Policy Research discussion paper by Barry Eichengreen reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in…

Fabius cool to idea of ECB counterweight - paper

French Finance Minister Laurent Fabius has distanced himself from suggestions there should be an "economic government" for the euro zone to form a counterweight to the European Central Bank, according to a newspaper interview published on Mar 2, 2001.

US 'debt free' by 2030 - Alan Greenspan

Testifying on Mar 2, 2001 before the Committee on the Budget of the US House of Representatives, Fed chairman, Alan Greenspan, outlined the implications of the US goverment's extraordinaryly healthy fiscal position.

Case for Eurozone monetary indicators? - Svensson

In a Bank for International Settlements working paper "Money and inflation in the Euro Area: A case for monetary indicators?" Stefan Gerlach and Lars E O Svensson find that the "real money gap" (the gap between current real balances and long-run…

ECB surprises by leaving rates unchanged

The European Central Bank on Mar 1, 2001 surprised financial markets by leaving interest rates unchanged, showing that it was not yet ready to follow a series of recent rate cuts by the world's other top central banks.

OECD's Visco -Fed should not overreact to slowdown

The U.S. Federal Reserve should not cut interest rates too much in the face of its slowing economy in case this jeopardised price stability, the chief economist for the Organisation for Economic Cooperation and Development, Ignazio Visco, warned on Mar 1.

Central Bank Seigniorage: Czech Republic 1993-1997

Jacek Cukrowski from the CERGE-EI and Emil Stavrev from the Czech National Bank have written an article "Central Bank Seigniorage: Czech Republic 1993-1997". The authors present a new comprehensive framework for measuring total gross seigniorage and its…

EMU and Enlargement: A Review of Policy Issues

Lucio Vinhas de Souza (Erasmus University Rotterdam), Holger van Eden (NEI), Albert de Groot (NEI), Gerbert Romijn (NEI) and Elisabeth Ledrut (Dutch Central Bank) have co-authored a report "EMU and Enlargement: A Review of Policy Issues". This report is…

Greenspan testimony-unsure about consumer optimism

Federal Reserve Chairman Alan Greenspan offered a gloomier assessment of the U.S. economic outlook when he testified to the House Financial Services Committee on Feb 28, 2001, suggesting he no longer is sure that consumer confidence is strong enough to…

NZ govt monetary review suggests adopting MPC

A government review of the Reserve Bank of New Zealand's monetary policy by Swedish academic Professor Lars Svensson recommended the setting up of a formal monetary policy committee and altering the RBNZ's inflation objective to more formally target 1.5…

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account