United States
Richmond Fed paper highlights benefit of debt ceiling
Fed research finds governments can see improvements in fiscal positions when utilising debt ceiling targets
Bernanke pays homage to predecessors
Chairman of the Federal Reserve remembers achievements of Paul Volcker and Alan Greenspan as he delivers second lecture to students
Bernanke delivers first student lecture
Fed chairman recounts origins of central banks and stresses their importance in first lecture to US students; lecture series takes place at key time as fierce Fed critic Ron Paul runs for president
QE is ‘decisively working’ say CBP panellists
Central Banking On Air event focuses on impact of quantitative easing; panellists agree emergency monetary policy steps have been effective but question whether the Fed has ‘over-committed’ itself
Fed research finds tax policies may ease wage inequality
A new study by researchers at the Federal Reserve finds that wage inequality across states during the past 20 years was mitigated by tax codes
Fed paper asks if affordable housing law led to subprime lending
Federal Reserve Bank of St Louis working paper asks whether affordable housing legislation in the US contributed to the subprime securities boom
Philadelphia Fed releases latest business survey
Philadelphia Fed reports continued improvements in manufacturing sector; results of Business Outlook Survey show general activity, new orders, shipments and employment all remained positive
Fed launches Twitter account
Federal Reserve Board to 'tweet' information on speeches and reports to the Congress, among other items
Fed releases stress test results early
Federal Reserve reveals results of latest bank stress testing two days early; finds majority of largest US banks would continue to meet expectations for capital adequacy despite large projected losses
US must get tough on China to fix imbalances, says Aliber
The US can reduce its government deficit and unemployment rate if it addresses the ‘predatory’ trading and currency policies of China and other Asian countries, says leading economist Robert Aliber
Boston Fed continues research into payments
Researcher Scott Schuh adds to 2010 research into payments; finds rising cost of debit cards reduces their use
Bank of Portugal studies synchronisation of macroeconomic fluctuations
Research paper expands on the assessment of synchronisation of macroeconomic fluctuations across countries and regions; past assessment has been crucial for the debate on economic integration
Bernanke laments 'modest' US recovery
Fed chairman describes mixed progress in US economic recovery; explains reasons for publishing statement of longer-run goals and policy strategy
Robert Aliber says the US must get tough on China
The shift to floating-rate currencies has facilitated and exaggerated the development of asset bubbles around the world, Robert Aliber tells Robert Pringle
Norges Bank governor sees ‘bright spots’ in global picture
Despite tough conditions globally, Øystein Olsen says growth in Asia and limited recovery in the US are welcome positives
Basel DVA capital deduction could cost banks billions
Billions of dollars in capital could be excluded under Basel proposals on derivatives DVA - with US banks hardest hit
US Treasury clarifies sanctions on Central Bank of Iran
US issues detailed list of frequently asked questions; says assessment of which transactions fall under sanctions will be done on case-by-case basis
SF Fed’s Williams supports buying-up mortgage-backed securities
Federal Reserve Bank of San Francisco president John Williams says restarting the Fed’s programme of purchasing mortgage-backed securities is the best way to boost the US economy
Investors were ‘fooled by search’ in US housing, says Bank of Canada paper
Bank of Canada study says search frictions in the housing market contributed significantly to the housing bubble in the US over a decade
EU vows fresh sanctions against Syrian central bank
European Union due to impose freeze on Central Bank of Syria's assets as part of efforts to strengthen sanctions against the Syrian government
The Fed’s flawed PCE inflation targeting regime
The Fed’s move to adopt inflation targeting (IT) was long expected. But economists Peter Warburton and Joanna Davies say the US central bank will be targeting inflation on its own terms
Fed's new monetary policy strategy is "flexible inflation-targeting", says Bullard
Federal Reserve Bank of St Louis president James Bullard says putting an explicit inflation target together with a sensible stabilisation policy is flexible inflation-targeting
RBA surprises markets with rate hold
Reserve Bank of Australia policy board leaves cash rate unchanged despite market expectation of 25-basis point cut in rates due to weak external outlook