Economics
After Japan’s “Big Bang”
San Francisco Federal Reserve research looks at post-Big Bang bond markets
SNB's Jordan: no need for policy move just yet
Swiss National Bank's Thomas Jordan says danger of deflation still not completely averted
Reserve Bank of India – Annual Report 2008-2009
Reserve Bank of India’s latest Annual Report says monetary policy should look at asset bubbles and leverage
Early warning models doomed to fail
San Francisco Federal Reserve research is sceptical about the effectiveness of early warning systems in predicting the timing of crises
Malaysia’s Zeti: bond market key to keeping savings
Bank Negara Malaysia’s Zeti Akhtar Aziz says a robust Asian debt market is crucial for investments to remain region
Asian finance to grow despite turmoil
Hong Kong Monetary Authority says Asia’s financial systems will expand despite the impact of the global crisis
IMF says yes to second Latvia loan
International Monetary Fund gives Latvia a second pay-out under the economic programme set up in December
Sweden’s Oberg says inflationary pressures not there
Sveriges Riksbank’s Svante Oberg says policy rate will remain low
International investors drive Thai exchange rate
Bank for International Settlements says Thai exchange rate is in part determined by international investors' cross-border portfolio rebalancing decisions
Positive growth proves Central Bank of Philippines right
Second quarter GDP data justifies the Central Bank of Philippines’ decision to keep rates on hold
Gudmundsson on Iceland’s future
New governor Már Gudmundsson says cross-border banking in Iceland should largely be banned until system is made safer by euro membership
Gudmundsson on Iceland’s collapse and recovery
Már Gudmundsson, the governor of the Central Bank of Iceland, discusses the authority’s rebuilding efforts and whether euro membership is right for them
Inflation forecasting for a changing world
Norges Bank develops new model suitable for real-time inflation forecasting
Bank’s Bean: give us some credit
Bank of England deputy governor Charlie Bean says economists must put credit back into economics in a “meaningful” way
Asset correlation for credit-risk analysis
Latest research dispatch from Tokyo covers credit risk using default data
Markets may not revert to fundamentals
St Louis Federal Reserve research queries faith in market fundamentals
Fischer heralds shift to “flexible” inflation targeting
Bank of Israel’s Stanley Fischer tells Jackson Hole audience that inflation targeting will survive the crisis. More downbeat on global imbalances
Shock horror: surprises to blame for crises
Research by Massachusetts Institute of Technology economists finds significant shocks trigger crises
Fed’s Madigan: five lessons for crisis management
Federal Reserve’s markets chief Brian Madigan says Walter Bagehot’s central tenet remains relevant
GDP to return to normal by mid-2010: BIS economists
Head of economic and monetary department Stephen Cecchetti and his team say pre-crisis GDP levels to be reached by June
Modellers should care what the weatherman says
Norges Bank says macro modellers should seek inspiration from weather forecasters
RBA's Stevens sees closer Sino-Australian links
Reserve Bank of Australia’s Glenn Stevens says Australia should pay close attention to China’s economy as these the countries likely to integrate stronger in the future
IMF’s Blanchard warns of tough times ahead
International Monetary Fund’s chief economist says potential output will be permanently damaged by crisis
US budget deficit forecast trimmed
US officials expect the 2009 fiscal deficit to be smaller than originally forecast, after scrapping money earmarked for further bank bailouts