Research
Focus of monetary policy research often misplaced
The focus on determinacy in recent monetary policy research is misplaced, Bennett McCallum, an economics professor at Carnegie Mellon University, argues.
Bundesbank on the causes of home bias
Research from the Bundesbank studies why the tendency to hold domestic paper prevails despite the rise in cross-country capital flows over the last two decades.
Bank of Finland: Corruption bad for growth
Countries with low levels of corruption tend to have higher output, states an article from the Bank of Finland.
Chile's deficit under the lens
A new paper by the Central Bank of Chile describes and assesses the main causes of the institution's deficit.
Family size related to wealth: St Louis Fed
Richer people tend to have more children, new research from the St Louis Federal Reserve finds.
Inflation targets flexible and resilient
Inflation targeting has proved fairly flexible and resilient, research from the Boston Federal Reserve states.
Credit-growth targeting improves policy
Integrating credit growth into monetary policy improves performance, finds a new paper for the European Central Bank.
US: debit cards and electronic payments rising
Electronic methods of cheque clearing are rapidly replacing traditional paper methods, reports a new paper from the Federal Reserve Board.
Fed examines poverty
The Federal Reserve Board and the 12 regional banks have collaborated on a study looking at high-poverty neighbourhoods in the US and the challenges these communities face.
Processing speed key to bank liquidity
Payments processing speed is a significant factor in explaining the liquidity holdings of banks throughout the day, finds a new paper by the Bank of Canada.
ECB communicates well
European Central Bank's (ECB) monetary policy communication is clear in about 95% of cases, finds a new paper from the International Monetary Fund.
G7 statements aid currency management
The G3 currencies move in the direction intended by the G7's communiques, research from the European Central Bank (ECB) indicates.
Four reasons for Iceland's headache
Iceland's financial problems are a result of a non-viable business model, finds a new paper by Willem Buiter and Anne Sibert from the Centre for Economic Policy Research (CEPR).
House-price fall precipitated subprime collapse
The reason for the raft of subprime defaults was a sudden fall in house prices, which made prepayment of loans a less attractive option, finds research from the St Louis Federal Reserve.
Public sector should provide liquidity: RBA
The public sector should provide liquidity in times of stress, finds a new paper from the Reserve Bank of Australia
China not too reliant on exports
China's is much less dependent on exports than commonly thought, research from the Hong Kong Monetary Authority notes.
Convergence will cut CNB's losses
The Czech National Bank should be able to repay its foreign-exchange-related losses by 2023 as the economy converges with developed economies, finds a new paper from the central bank.
No uniform path to euro
There is no one-size-fits-all euro adoption policy available for the eight new EU countries from Central and Eastern Europe, finds a new paper from the Bank of Estonia.
CNB's inflation-targeting review
The Czech National Bank has published a collection of research papers to commemorate ten years of inflation targeting.
Minneapolis Fed sheds light on crisis myths
Four widely-held beliefs about the financial crisis of 2008 are false, research from the Minneapolis Federal Reserve finds.
Monetary policy and exchange-rate interaction
Research from Norges Bank shows a high degree of interaction between monetary policy and exchange rates.
Price-level targeting brings gains
Adopting an optimal price-level target instead of an optimal inflation-targeting regime can bring additional welfare gains, a new paper from the Bank of Canada finds.
A credit risk model for all
Research from the Czech National Bank and the Bundesbank provides a template to investigate the credit risk environment of any economy.
Bank's monetary-policy roundtable
The Bank of England has published a note summarising its first monetary policy roundtable, run jointly with the Centre for Economic Policy Research.