Federal Reserve System
Monetary policy best placed to boost short-term growth: King
Bank of England governor Mervyn King tells trade unionists that monetary policy is best suited to revive flagging broad money figures; says fiscal emphasis should be on debt reduction
SF Fed: fiscal stimulus had short term benefits
San Francisco Federal Reserve study finds fiscal stimulus has had mixed effect on employment in the United States
NY Fed: charter schools preferred over public
New York Federal Reserve study finds charter schools in Michigan compete for student enrollment with private schools
Fed proposes high frequency method to calculate equity returns
Federal Reserve study finds new method of measuring equity returns using high frequency data reduces forecasting bias
Beige Book points to gloomy outlook for US economy
Reports from twelve regional Federal Reserve districts add further weight to fears of double dip; say weakness in housing market tempering recovery
Boston Fed: Massachusetts suburb receives housing boost from Boston
A Boston Federal Reserve study shows inner city growth impacts positively on housing recovery in suburban areas
Interview: Raghuram Rajan
University of Chicago Booth School of Business' Raghuram Rajan on Fed policy and officials, the structural flaws in the US economy, and the future of economics in central banks
Federal Reserve: discount rate minutes July-August 2010
Two of 12 regional Feds wanted higher primary credit rate
Cleveland Fed: Foreclosure lowers home prices by 1.6%
Cleveland Federal Reserve paper finds effects of foreclosure on house prices larger than previously thought
Bernanke: Fed won’t rule out leaning against wind
Regulation should be “first line of defence” against bubbles, but FOMC is monitoring financial imbalances
Fed cannot bear full burden of job creation: Fisher, Plosser
Regional Federal Reserve presidents Richard Fisher and Charles Plosser say loosening monetary stance further will not cure unemployment ills; monetary policy no panacea for macroeconomic problems
Rajan, Krugman clash over Fed policy
Ex-IMF chief economist Raghuram Rajan and Nobel laureate Paul Krugman lock horns over Federal Reserve’s loose monetary stance
FOMC officials cite disinflation in explaining policy shift
Federal Open Market Committee minutes reveal officials see anaemic growth tempering price pressures
Governors from five continents meet in Jackson Hole
Roster of attendees shows 41 central bank heads travelled to the wilds of Wyoming for Jackson Hole meet; number of Fed officials in attendance falls by a third
BoJ expands fixed-rate fund supply on growth, yen fears
Bank of Japan unveils six-month term to existing fixed-rate funds operation; facility to expand by $238 billion on fears of weak US growth, yen strength
Focus on banks’ incentives must continue post-crisis: Bank’s Bean
Bank of England deputy governor Charles Bean says crisis focus on bank incentives must remain; financial market problems require macroprudential instruments
Kansas’s Hoenig calls for Fed to oversee mobile payments
Central bank is the only authority that will take holistic view of mobile payments security, Kansas Federal Reserve president Thomas Hoenig says
Unemployment caused by structural mismatch: Minneapolis Fed’s Kocherlakota
Minneapolis Federal Reserve president Narayana Kocherlakota analyses the breakdown between job openings and unemployment in the United States
Bernanke dismisses higher inflation targets, unconvinced on conditional commitment
Federal Reserve chairman Ben Bernanke rejects higher inflation targets; says conditional rate commitment too risky, despite success in Canada
Too much expected of central banks: CentralBanking.com poll
CentralBanking.com poll shows more than 66% of readers think monetary authorities cannot be expected to boost growth and protect price stability
Fed looks to take Bloomberg battle to Supreme Court
Federal Reserve asks appeals court for stay on ruling that will force it to reveal emergency lending details; central bank considering appeal to country’s highest court as last resort
Decomposing the education wage gap
Atlanta Federal Reserve paper adds to plethora of research on link between education and wages
Atlanta Fed on dual labour markets
Income inequality may be exacerbated by firing costs, Atlanta Federal Reserve research argues
Impact of pledge to keep rates on hold unclear: Bank of Canada
Canadian central bank research says conditional commitment to keep rates low has had mixed effect; study shows pledge lowered interest rates on government bonds, but findings not statistically strong