Research
NBB: Macroeconomics not to blame for financial turmoil
Belgian central bank paper looks at the consequences the financial crisis on macroeconomics with a study of Keynes and Lucas.
NBB: research department’s role in central banks vital to policy
Belgium National Bank looks at role of research departments in the bridging gap between policymakers and academics
CEPR: small banks pay big premium during credit crunch
Centre of Economic Policy Research study into bank lending finds small firms’ access to liquidity is affected more than larger firms by adverse credit conditions
IMF: Chile’s financial system resilient to global crisis
IMF paper shows little impact of global financial crisis on Chilean banks
Eurozone credit standards tightened further in past three months
ECB s bank lending survey shows credit conditions remain fragile
Bank of Japan: financial integration stronger in developed markets
Bank of Japan paper finds financial integration more advantageous to developed countries
Bank of Italy: debt-saddled Italian firms struggle to compete in Europe
Bank of Italy paper puts low productivity of non-financial firms in Italy to inherently high indebtedness in the country
IMF’s Shinohara warns EME dominance may lead to imbalance in growth
IMF deputy director Shinohara indicates global imbalances may result from an uneven distribution of growth
IMF: dollarisation minimises central bank functions
IMF paper offers guidance on dollarisation of currency using past experiences
IMF: Russian housing market vulnerable to external shocks
IMF paper shows house prices in former Soviet countries are vulnerable to foreign capital inflows in open economy model
IMF: local currency lending cushioned crisis blow
IMF study shows increased domestic currency lending led to relatively strong access to credit in American countries following credit crunch
BIS: monetary policy should factor in oil-price shocks
Bank for International Settlements research identifies strong role for monetary policy during oil shocks
IMF: productivity, not institutions, drive incomes higher
IMF study finds strong evidence of role for total factor productivity in income variability across countries
Casino gambling and the economy: a review
Philadelphia Federal Reserve research covers literature on the impact of gambling on communities
IMF on the properties of sovereign default models
Research suggests two improvements to model used to account for rate movements in emerging markets
ECB: fiscal deficits attributable to crisis
ECB paper shows European fiscal budgets were unprepared for intervening in markets during crisis
Bank of Canada highlights requirements for global recovery
Study shows a rebalance in global current account necessary for sustainable growth
Norges Bank: discretionary policy as good as simple rule policy
Norges Bank paper shows that optimal monetary policy is equally as effective in conducting policies as a simple rule system.
BoJ study links widening CDS spreads in Greece to greater sovereign debt risk
Bank of Japan study shows strong relationship between fiscal health and CDS spreads
Systematic volatility explains long term global correlations
Mexican central bank study on frequency variations of global correlations indicates increased connectivity in equity markets
RBNZ finds strong co-movement in inflation
Paper from New Zealand's central bank indicates category specific factors account for large co-movement in inflation among internationally traded commodities
Philly Fed study shows capital income tax should be nullified
Research links preferential tax treatment offered to homeowners with capital income tax
Minneapolis Fed: US relies on large firms for productivity gains
Study shows employment distribution important factor in productivity of US firms
SF Fed: crisis showed simple policy rules more effective
San Francisico Fed paper reaffirms strength of simple policy guideline to monetary policy but stresses need for international framework