Economics
Investors confident in Ireland’s budget cuts: Honohan
Irish central bank governor Patrick Honohan says the proof of investor confidence in the country’s plans for fiscal consolidation is in the interest rates on government paper
Banks not withholding credit: Richmond Fed’s Lacker
Richmond Fed president Jeffrey Lacker says the banking system as a whole was supplying a reasonable amount of credit, adds that despite improvements economy remained weak in the real estate sector and employment
US real-estate concern goes global
Reserve Bank of Australia assistant governor Guy Debelle says US commercial real estate woes may impose further crippling losses on banks
Norwegian housing finance still underdeveloped: Gjedrem
Norges Bank governor Svein Gjedrem says variable-rate mortgages still account for too large a part of the housing finance market
Labour Market Review (January) – Bank of Estonia
Estonian central bank says unemployment has become structural, and would continue to increase in the first half of this year
Inventories and the Phillips Curve
A Richmond Fed paper finds that introducing inventories into the New Keynesian model limits its ability to capture inflation dynamics
“We failed the system”: Carney at RBI panel
Governors including Canada’s Mark Carney and India’s Duvvuri Subbarao point to imbalances as root cause of the crisis, but skirt around concerns over the dollar
Canada has weathered the downturn well: BoC’s Duguay
Bank of Canada deputy governor Pierre Duguay says although output and growth rates fell sharply, the country did better than elsewhere
Spending and loose monetary policy cause inflation
CEPR looks for an explanation for UK inflation in the 1970s
HKMA in fresh drive to spur yuan trade
Hong Kong Monetary Authority measures promote renminbi bond issuance and settlement
Canada’s Carney sees recovery in business investment
Bank of Canada’s Mark Carney says companies are emerging from the recession
Community banks remain crucial for US economy
Chicago Federal Reserve summarises its conference on the impact of the financial crisis on community banks
Large shareholders take more risks
Bank of Canada analyses corporate risk taking
Some microfinance rules to mirror banks’: Basel
Basel Committee on Banking Supervision says some of its original principals on effective banking supervision will broadly apply to microfinance with a little tweaking
Bundesbank – Monthly Report (January)
German central bank’s monthly report shows that although the recovery lost momentum at the end of the last year, the process was still carrying on
Middle East and North Africa’s trade below potential
International Monetary Fund looks at trade constraints in the region
Bank of Japan – Public Opinion Survey
Japanese central bank’s survey on public views and expectations shows more expect further economic woe
Chile on the pros and cons of connectivity
Central Bank of Chile looks at how shocks are transmitted across markets and banking systems
Drop the math, Finland’s Liikanen tells economists
Bank of Finland’s Erkki Liikanen says profession will have to be more humble post
Real-time macroeconomic monitoring
A new paper from the Philadelphia Fed sketches a framework for monitoring the
US debt ratio drives international exchange rates: Bank of Canada
A Bank of Canada paper posits that the debt to GDP ratio in the US and commodity prices have great impact on bilateral exchange rates
ECB – Economic and Financial Developments in 3Q 2009
European Central Bank release shows the euro-area economy climbing tentatively out of recession, but non-financial corporations suffer
ECB’s Stark places onus on deficit states
European Central Bank's Jürgen Stark says euro area’s deficit states must embrace economic reforms for the common good
Fed is best in crisis, says British think-tank
The Federal Reserve’s credit easing operations have fostered a quicker recovery than in the UK and eurozone, research finds