Economics
New household inflation measures yield “novel finding”
San Francisco Fed paper finds a negative correlation between inflation and inflation inequality
Cyprus governor says 2009 GDP will shrink
Prognosis contradicts European Commission's optimism about growth
Finance and real economy closer since 1980s
European Central Bank looks at the role of financial markets in anticipating business cycle developments
The relationship between money, credit and policy
A new paper finds evidence that the relationship between money and credit changed after the second world war
Mauritius’ Bheenick: we must save more
Bank of Mauritius’ Rundheersing Bheenick says domestic economy saves too little
Architects of euro point to “unfinished business”
The men behind the euro gathered in the French capital last week to mark the currency’s first decade. Robert Pringle, the chairman of Central Banking Publications, reports.
Bank pushes for corporate-debt expansion
Senior Bank of England officials want greater role for debt markets to enable smaller companies to bypass banks for funds
Take time to revise international financial architecture
Central Bank of Argentina believes reform of international financial architecture can wait until crisis abates
Recovery will be fragile and unpredictable: Bank’s Sentance
Bank of England’s Andrew Sentance says also that fiscal consolidation may not be as bad as expected
Roth praises SNB’s monetary policy
Swiss National Bank’s Jean-Pierre Roth says the central bank has fulfilled its mandate for the past decade
Foreign demand for currencies and the Friedman rule
A new paper from two economists at Columbia University finds that the Friedman rule ceases to be Ramsey-optimal when foreign demand is taken into consideration
Czech National Bank – November Inflation Report
Monetary policy relevant inflation will be below headline inflation, which is expected to reach just above 2% towards the end of next year
OECD hikes growth forecasts
Paris-based organisation raises its growth forecasts for next year and publishes 2011 expectations, citing the momentum of the recovery in non-members such as China
Euro an anchor of stability: Austria’s Nowotny
Austrian National Bank’s governor says euro-area economic activity could surpass the US
A quarterly GDP series for post-WW2 New Zealand
A new paper from the Reserve Bank of New Zealand creates a quarterly GDP series for the post-war economy
Instability hampers finance: IMF
International Monetary Fund looks at market access for the world’s poorest countries
Fed’s Kohn rejects bubble claims
Fed deputy acknowledges carry trade but dismisses fears low rates are stoking asset-price bubbles
Solomon Islands needs new sources of growth: Rarawa
Central Bank of the Solomon Islands’ Denton Rarawa says the country is too dependent on the logging industry
Bundesbank - October Monthly Report
Inflation fell further in Germany in the third quarter, partly due to sluggish investment and consumption statistics
Shirakawa cautions on carry trade
Bank of Japan’s governor becomes latest official to warn on dangers of low rates in advanced economies; notes balance-sheet adjustments will impact efficacy of monetary policy
US policy threatens emerging markets: China’s top regulator
Chairman of China’s regulator says weak dollar and low rates are dangerous to the global economy; echoes recent comments from top Japan, HK officials
Israelis’ assets back to pre-crisis levels
Bank of Israel publishes new figures detailing the public’s financial assets portfolio
HK’s Tsang fears the Fed
Hong Kong’s chief executive says Federal Reserve is stoking next bubble through near-zero interest rates
Monetary policy impacts effect of fiscal aid
Kansas City Federal Reserve studies the interactions between monetary and fiscal policy