Economics
Bernanke emphasises importance of small business in US recovery
Federal Reserve chairman Ben Bernanke says small businesses play a key role in providing job opportunities and economic recoveries
High unemployment not structural: Boston Fed’s Rosengren
Boston Federal Reserve president Eric Rosengren says high levels of unemployment in US unlikely to be structural
The dangerous scramble for liquidity
William Allen of the Cass Business School in London warns there is a danger that capital requirement measures intended to make the financial system safer may do more harm than good
Price stickiness reduces productivity gains and job creation: Bank of Korea paper
Bank of Korea says less rigid prices and more elastic demand can heighten effects of productivity on job creation
Portugal less vulnerable to global price shocks: Bank of Portugal paper
Bank of Portugal study finds the country has one of the lowest price elasticities of external demand in the euro area
Commodity futures help forecast spot prices during periods of turmoil: IMF paper
Fund study shows futures-based forecasts of commodity spot prices still tend to outperform a random walk during periods of volatility
Bernanke faces tough questions at press conference
Federal Reserve chairman tackles queries on monetary policy impact, Europe and political pressure; only recently started holding post-FOMC press conferences
Precautionary savings not limited to prudent consumers: IMF paper
Fund study finds evidence risk-taking consumers can also generate precautionary savings
Religion and culture influence economic preferences: ECB paper
European Central Bank attempts to address long-standing debate between sociologists Karl Marx and Max Weber on causal effect between religion and the economy
IMF paper explores unemployment drivers in Latin America
Fund study links high and persistent levels of unemployment in Latin American countries to disinflationary monetary policy regimes
ECB paper highlights renminbi’s prominence in Asia
European Central Bank study says China’s growing dominance in Asia is key driver of currency movements in region
St Louis Fed paper captures effect of crisis on composition of FDI
St Louis Federal Reserve study says rise in cost of capital during financial crisis left some US industries experiencing volatile foreign direct investment flows
National Bank of Hungary paper measures degree of real wage rigidity in labour market
National Bank of Hungary study says Hungary ranks among the lowest in countries with downward real wage rigidity
IMF paper highlights growth opportunities for Central America
Fund study says better regulation and more open markets can increase growth convergence in Central American countries
Skilled graduates key driver for regional growth: NY Fed paper
New York Federal Reserve study says producing skilled graduates contributes to regional economic success
Cleveland Fed paper measures impact on education of late school joiners
Cleveland Federal Reserve study shows that delayed entrance to school and relative age at entry has bearing on children's achievement levels but that many later catch up with peers
Fed’s Beige Book reports on fragile state of US economy
Federal Reserve Beige Book reports restrained employment conditions, as outlook for growth continues to be marred by uncertainty
Household debts significantly under-reported in surveys: NY Fed paper
New York Federal Reserve study finds substantial gap in credit card debt reporting between consumer surveys and official credit reports
IMF paper identifies new approach to forecasting recessions
Fund study says forecasts for recessions can be improved by adopting formal methods to select data
High teenage unemployment due to crowding-out effect: Fed paper
Federal Reserve study says high rates of teenage unemployment due to increased competition for low‐skilled jobs
NY Fed paper examines threat to international role of dollar
New York Federal Reserve study says decline in the international role of the dollar should not be a concern if US maintains strong economic growth
BIS paper highlights growing risk of currency crises
Bank for International Settlements paper authored by Professor Robert Aliber outlines role of cross-border money flows in a currency crisis
Higher corporate taxes stifle innovation: Minneapolis Fed paper
Minneapolis Federal Reserve study says policies that promote higher corporate taxes and increased business start-up costs negatively impact innovation
China slams US bill penalising renminbi imports
People's Bank of China says it firmly opposes bill passed by US Senate to impose countervailing duties on imports from countries undervaluing their currency