Economics
Not everyone can make it to the top
Boston Federal Reserve finds American families’ economic mobility is decreasing
Privately-funded social security better
Central Bank of Turkey says fully funded social security provides greater welfare effects
Bonds best way for business funding: Bank data
Bank of England data on lending conditions suggests big business better off raising funds through debt markets than through borrowing
Shirakawa, Fed’s Yellen and FSA’s Turner join G30
Group of Thirty adds heads of Bank of Japan, San Francisco Federal Reserve and Britain’s Financial Services Authority to its roster
Reasons for renminbi undervaluation disputed
Undervaluation of the renminbi is impenetrable as a result of the lack of clarity in academic literature, argues Bank of Finland paper
Fed’s Yellen guarded on recovery
The biggest threat to price stability is deflation, and there are losses still to come, Janet Yellen, the president of the San Francisco Federal Reserve, warns
Japan says economy "showing signs of recovery"
Monetary policy statement takes a cautiously optimistic outlook in comparison to preceding months
Belgium and euro area will not face deflation
Policymakers’ swift adoption of expansionary policies will prevent Belgian and Euro area economies from spiralling deep into deflation, argues the National Bank of Belgium
Hong Kong Monetary Authority – Quarterly Bulletin
The Hong Kong Monetary Authority publishes September 2009 issue of its Quarterly Bulletin
Towards a better measure of wealth
Report seeks to highlight the limitations of GDP as a measure of economic and social well-being, particularly problems in its measurement
Barbados’ Williams on financial education
Central Bank of Barbados’ Marion Williams terms education a “central tenet”
Bernanke optimistic regulatory overhaul will happen
Federal Reserve’s Ben Bernanke “quite confident” that Congress will pass far-reaching financial reforms
The real effects of financial risk
Research estimates the magnitude of key effects on the real economy from financial sector stress
Yam reflects on roots of crisis
The soon-to-retire head of the Hong Kong Monetary Authority discusses four economic conundrums witnessed during his spell at the helm of the territory’s central bank
King cautious on recovery
Bank of England’s Mervyn King warns return to trend growth will be slow and protracted, much to be done on regulation
Iceland names new chief economist
Thórarinn Pétursson to head economics division at the Central Bank of Iceland
Peru’s Velarde backs V-shaped recovery
Central Bank of Peru President confident on quick recovery for emerging economies
Central bankers must understand financial engineering
Harvard Business School’s Robert Merton says senior management and regulators need a good knowledge of financial engineering
Fed economist says 2% too low for inflation
San Francisco Federal Reserve’s John Williams says 2% inflation “insufficiently high” to protect economy
Beige Book cautiously positive
Federal Reserve’s Beige Book suggests economic activity continued to stabilise
Riksbank's Svensson calls for better forecasting
Riksbank’s Lars Svensson reviews the development of the Riksbank’s transparency and communication since its independence in 1999
Yam has secured his place in history
As Joseph Yam prepares to depart, Tony Latter, a former deputy at the Hong Kong Monetary Authority, assesses the chief executive’s time at the helm of the territory’s financial authorities
Sounder banks’ borrowers get burned in mergers
Centre for Economic Policy Research (CEPR) looks to Japan for firm-level evidence on the real effects of bank bailouts
Remittances a potential tax base
International Monetary Fund investigates the impact of remittances on public-debt sustainability