Central Banks
Frequent recessions push up US unemployment rate – paper
Cleveland Fed research says two decades of growth would produce 3.6% unemployment
Judge questions Bailey’s account of LCF investigation
Elizabeth Gloster rejects BoE governor’s claim of a “misunderstanding” over his role
Riksbank revises up growth and inflation forecasts for 2021
Swedish central bank maintains stimulus; inflation not expected to approach target until 2023
Measuring the exceptional speed and scope of Covid-19 monetary policy
Policy actions during the first wave of the pandemic were extraordinary for their intensity, scope and speed. Other patterns also emerge on closer inspection
ECB paper analyses US home ownership
Labour market dynamics and rising house prices account for generational inequality, researcher says
BIS paper seeks to overcome flawed Chinese growth statistics
Authors use regional data to circumvent “flat” GDP time series
Latin American economies threatened by pandemic resurgence – IMF
Western hemisphere chief warns recovery is uneven and under threat
European supervisors unveil new rules to combat ‘greenwashing’
Authorities say the “significant” new rules should lead to better climate disclosures, but warn of flaws in the underlying legislation
Colombian president sparks controversy with central bank appointments
Opposition senator claims choice of board members shows nepotism and state capture
New York Fed’s markets chief leaves for White House job
Singh will hold joint security and economics position; Baum becomes acting head of markets
Bailey hits back at critics in new hearing on LCF scandal
“I am quite angry”, says BoE governor, as he denies accusation of cover-up
CCP open access will be ‘integral’ part of Mifid review
EC official says politicians will need to decide whether to further delay open access
European central bankers see room for fiscal-monetary co-operation
Pandemic showed it was “critical” for both policies to work together, say central bank governors
UK’s New Payment Architecture brings ‘unacceptably high risks’ – regulator
Payments regulator warns new platform may be too costly and could quash competition
Bailey defends BoE’s independence
Claims that buying government debt threatens independence are “entirely without merit”, governor says
Fed small business survey paints grim picture
Most small businesses report revenue declines; many fear collapse without government aid
Myanmar junta names new head of central bank
Military leadership chooses former governor in reshuffle of economic leadership
German finance minister pushes chief regulator out
Bafin head and deputy resign over their handling of Wirecard scandal
RBI offers bond accounts to retail investors
Central bank to sell debt directly to public, as recent auctions show signs of strain
PBoC subsidiary sets up joint venture with Swift
New initiative could be involved in internationalising renminbi and developing digital currency
Epidemics cause delayed political unrest – IMF paper
Infectious disease outbreaks lead to upheaval after health crisis has passed, researchers say
BoE tells firms to prepare for negative rates
Preparation is not a signal that negative policy rates will be adopted, Bailey stresses