Philadelphia
Norges Bank supervisory board strongly criticises contract with new SWF head
Board tells lawmakers contract agreed by central bank governor lacks sufficient safeguards

Harker optimistic in first speech as FOMC voting member
Inflation target set to be met this year, says Philadelphia Fed governor

Philadelphia paper explores drivers of bankruptcy decisions
Working paper considers how much the structure of a household’s balance sheet and income statement matters

Bank of Canada sees ‘modest effect’ from Brexit
Canadian and US central bankers size up cost of UK’s vote to leave the EU
Philadelphia Fed president sees potential for two or three hikes in 2016
Patrick Harker warns of needs to avoid “aggressive policy actions” in the future
Philadelphia Fed president warns of ‘mismatch’ between education and business
Patrick Harker says this probably contributed to slow recovery following crisis
People: Philadelphia Fed names first VP; five new vice presidents at AIIB
James Narron named vice-president and COO of Philadelphia Fed
Fed’s Harker adopts more cautious tone on policy
Philadelphia Fed president sees inflation rising more gradually than before
People: Philadelphia Fed appoints new supervision head; Bank of Russia takes on HSBC economist
Philadelphia Fed announces William Spaniel as head of supervision
People: Top EBA officials backed for new terms; Philadelphia Fed first VP to retire
Andrea Enria and Adam Farkas handed new five-year terms by EBA’s board of supervisors
Philadelphia Fed paper highlights bounce-back in credit card spending
Discussion paper notes growth in debit card spending is slowing
Philadelphia Fed survey sees brighter outlook for economy
Forecasters more optimistic about growth and unemployment
Plosser lays out four principles of sound central banking
He advocates clear objectives, systematic rules, open communication and stable independence
Philadelphia Fed names Patrick Harker president
Background includes academic posts and a spell on the Philadelphia Fed board
Plosser: Regular monetary reports would force FOMC to ‘think more deeply’
Philadelphia Fed publishes ‘special report’ on the topic
People: Philadelphia Fed gets new directors; Paraguay central banker named finance minister
Central Bank of Chile creates new division of economic modelling and analyses
Plosser: central bankers should take ‘great care' in changing view on neutral interest rate
Distinguishing transitory from permanent changes in growth and interest rates is ‘tricky task'
Philadelphia Fed president Charles Plosser to retire
Vocal critic of unconventional monetary policies to leave FOMC in March 2015
Philadelphia Fed's Plosser fears ‘risky' FOMC strategy on interest rates
Plosser does not want to delay rate hike until job market has ‘completely healed'
Plosser: Fed should be stripped of dual mandate
Philadelphia Fed president calls for tighter limits on Fed power
People: German and Dutch central banks lose board members; Philadelphia Fed appoints research head
Böhmler will leave the Deutsche Bundesbank halfway through second term
Philadelphia Fed president calls for 'simpler' regulatory mechanisms
FOMC member wants to make it easier for market participants to gauge regulatory behaviour
Philadelphia paper models export dynamics after large devaluations
Working paper says that exports responds ‘sluggishly’ to a large currency depreciation; creates a model to capture these dynamics and explore their macroeconomic impacts
Form of fractional reserve banking guarantees solvency for member banks
Research paper claims joint-liability bank coalition is a welfare-improving mechanism that allows members of society to achieve better allocation of resources, making it a ‘truly superior form of banking'