Research
Chile can mitigate the effect of the global crisis
Recent research by Jose De Gregorio, the governor of the Central Bank of Chile, maintains that although Chile can naturally not escape the effects of the global crisis, it is in a good position to mitigate them.
The three epochs of oil
Research by two prominent economists using the longest oil-price series available has uncovered significant trends in the price of crude.
Learning from previous financial crises
Research by Kenneth Rogoff and Carmen Reinhart finds that financial crises in rich countries have much in common with those in emerging markets.
The best methods for estimating trend inflation
Trend inflation forecasts estimated by the exclusion method and the principal component technique have strong predictive power on future changes in headline CPI or PCE inflation, new research from the Hong Kong Monetary Authority posits.
Renminbi's exchange-rate impacts China's trade
China's trade balance is sensitive to fluctuations in the renminbi's real effective exchange rate, new research from the Bank for International Settlements posits.
Canada's mortgage market imperfectly competitive
Canada's residential mortgage market is imperfectly competitive, a paper published by the country's central bank posits.
Basel II won't ward off systemic threat
Risk-based capital regulation is inadequate for protecting the financial system as a whole, research published by the Dallas Federal Reserve reveals.
Research puts a price on systemic threat
Research from the Bank for International Settlements (BIS) estimates that the cost of insuring against steep losses at major American banks had increased to up to $250 billion as of July 2008.
Lamfalussy: the college years
The National Bank of Belgium has published a working paper analysing the work of the young Alexandre Lamfalussy.
A new model for inflation targeting
This International Monetary Fund paper presents a new model of inflation targeting, taking greater account of the importance of changes in the credibility of policymakers.
House prices impacted by monetary policy
A working paper from Norges Bank finds that house prices are linked to monetary-policy shocks in the Norwegian, Swedish and British economies.
Some facts about the British labour market
Research from the Bank of England has uncovered that almost a quarter of Britain's workforce is employed by the state.
Global imbalances and petrodollars
Research published by the International Monetary Fund explores oil exporters' role in our understanding and the resolution of global imbalances.
Research notes three trends in currency crises
Research published by the Bank of England on the role of external balance-sheet variables as determinants of currency crises has three key findings.
Inflation targeting: its roots and rationale
Research published by the International Monetary Fund uncovers the intellectual origins and reasons for inflation targeting.
Markets bought Paulson "teaser freezer" plan
Research from the Richmond Federal Reserve shows that investors were initially optimistic that former US Treasury secretary Hank Paulson's so-called "teaser freezer" plan would improve economic conditions.
No link between loan constraints and productivity
Financial constraints do not lower productivity in most sectors of the economy, research from the International Monetary Fund suggests.
ECCU very sensitive to US conditions
The business cycles of Eastern Caribbean Currency Union (ECCU) economies are very sensitive to changes to the United States economy, research from the International Monetary Fund finds.
European housing finance more resilient
Housing-finance markets in the euro area are more resilient to shocks their British and American counterparts, new research from the European Central Bank posits.
A new method for evaluating risk aversion
Researchers from the European Central Bank have uncovered a new method of extracting time-varying risk aversion from asset prices.
Euro adoption sparked some structural reforms
The adoption of the euro accelerated the pace of structural reforms in the product market, a research paper from the National Bureau of Economic Research (NBER) posits.
Risk management to include parameter uncertainty
Risk-management systems should account for parameter uncertainty, a new paper from the Bank for International Settlements posits.
Blame technology for bankruptcies
Technological progress has a significant effect on the bankruptcy rate, a new paper from the Richmond Federal Reserve posits.
Monies contain embedded options
The face values of all notes and coins contain embedded options, argues a new paper written by Espen Gaarder Haug and John Stevenson, two quantitative-finance analysts.