Research
BoJ study on adoption of spread-adjusted Taylor rule
Bank of Japan study lends support to use of spread-adjusted Taylor rules as suitable response to adverse macroeconomic shocks
QE helped boost broad money growth: BoE paper
Bank of England Q1 2011 Quarterly Bulletin says quantitative easing programme helped revive broad money growth during recession
Fund study on inflation volatility in West Africa
Fund study finds evidence of inflation uncertainty in West African Economic and Monetary Union members that experience high inflation
BoE on China’s growth path
Bank of England study says China may prefer a slower path of adjustment than deficit countries to rebalance global economy
Sovereign wealth fund would lessen risk of Dutch disease: Bank of Israel
Excerpt from Bank of Israel’s 2010 Annual Report says establishment of a sovereign wealth fund could mitigate exchange rate risks associated with exporting natural gas
Creditless recoveries not uncommon: IMF paper
Fund study finds creditless recoveries are common and may result from impaired financial intermediation
ECB paper on EMU governance reforms
European Central Bank study says Van Rompuy Task Force proposals are essential to euro area governance framework
RBA paper estimates long-term inflation expectations
Reserve Bank of Australia study measures long-term inflation expectations in Australia
IMF paper on foreign credit expansion in European EMEs
Fund study finds evidence of significant increase in level of foreign credit growth in emerging European countries
Foreign currency loans in EMEs supply driven: SNB paper
Swiss National Bank study finds evidence that the level of pre-crisis foreign currency loans in Bulgaria was partly supply driven
Wealth main determinant of bank service distribution: SNB paper
Swiss National Bank study says amount of bank account holders is directly correlated to wealth
ECB paper on firm price adjustment behaviour
European Central Bank study examines firms’ price adjustment behaviour to demand and cost shocks
Central Bank of Chile paper on non-copper export growth
Central Bank of Chile study examines performance of Chilean non-copper exports in last two decades
Monetary policy shocks transmit through countercyclical markups: Bank of Canada paper
Bank of Canada study shows countercyclical markups help explain effects of monetary policy shocks in Canada
Firms’ choice in price-reviewing strategies explained: ECB paper
European Central Bank working paper analyses why and how firms pick their price-reviewing strategies
Subprime market victim of housing bubble: Philly Fed paper
Philadelphia Federal Reserve study says bubble conditions in the housing market spurred subprime lending
ECB paper on credit card users under binding constraints
European Central Bank shows credit card users are insensitive to interest rate rises on transactions
Central Bank of Chile paper on copper price models
Central Bank of Chile study says switching regime in models explains volatility of copper prices in research
Crisis measures assisted financially distressed firms: IMF paper
Fund study says crisis recapitalisation policies helped provide financially dependent firms access to credit
Basel III reduces output volatility: NY Fed paper
New York Federal Reserve study says rise in capital buffers leads to decline in output and output volatility
Consumer behaviour influences financial distress: ECB paper
European Central Bank study shows individuals’ behavioural traits may contribute to level of financial distress experienced by consumers
Investment grade status provides premium: IMF paper
Fund study shows upgrade to investment grade status leads to sharp decline in sovereign spreads
Inflation targeting a successful framework: Central Bank of Chile paper
Central Bank of Chile study says sharp movements of inflation in Chile were consistent with inflation targeting framework
Austerity measures provide long-term benefits: Bank of Portugal paper
Bank of Portugal says fiscal consolidation is welfare improving in the long term, but not the short term