Central Banks
Atlanta Fed’s GDP estimate takes a nosedive
Bank projects more severe contraction in Q1, while analysts point to possible recession
BIS paper explains monetary policy’s impact on long-run rates
Authors say “forgiving” economy allows central bankers to set policy without clear view of r*
RBNZ governor unexpectedly resigns
Adrian Orr ends term early without giving reason as Christian Hawkesby temporarily takes over
Bigger housing booms create deeper downturns – IMF paper
Rapid home price rises can trigger big economic busts and misallocations of resources, authors find
Central banks buy more gold in January
Net accumulation follows dip seen in previous month
PBoC adviser calls for new tools to boost consumption
Senior official recommends “structural” monetary policies as annual political meetings kick off
The interest rate dilemma in an uncertain world: a balancing act
Biagio Bossone makes the case for a holistic policy approach that includes extending IT tolerance bands, smart fiscal policies, supply-side reform and financial safeguards
Fed researcher unveils card fraud simulation model
Author says paucity of data means simulation is increasingly important in study of payment fraud
Iran’s central bank tells lenders to be more transparent
Excessive delays found in responding to enquiries from members of the public
Trust in Fed leads to lower inflation expectations – study
Political alignment shapes perceptions of central bank and views on economic outlook, NBER paper finds
Trump names assets for US crypto strategic reserve
Announcement triggers rally for bitcoin, ethereum, XRP, solana and cardano
SNB governor says ‘no’ to holding crypto in reserves
Schlegel says asset class is “niche phenomenon”
Thailand picks central bank chair after long delay
Panel selects government candidate after previous nomination nullified, media reports
Central banks struggling to adopt latest data standards – BIS survey
Most institutions use SDMX, but resource constraints are limiting the benefits
Gen AI will have varying impact on graduates – Fed study
Automation will lead to job cuts but augmentation of roles could create employment, research claims
US tariffs could have larger-than-expected impact – study
Author suggests trade statistics are being misreported
Tighter policy in 2021 would have had ill effects – NY Fed study
Authors argue inflation would have fallen only modestly while global demand would have suffered
War in Taiwan would cause severe disruption – Fed study
Conflict would be most economically impactful since World War II, says author
Bank of Israel instructs lenders to provide war relief
Central bank says lenders must set aside $833 billion for groups affected by conflicts