Research
Fed's new subprime and alt-A maps
The Federal Reserve System will publish maps updated monthly to illustrate the state of subprime and alt-A mortgage loans across the United States.
Commodity price shocks in a small open economy
Commodity price shocks significantly contribute to the exchange rate fluctuations and business cycles in a small open economy, recent research by the Bank of Canada shows.
Deutsche Bank dismisses ECB conflict concerns
Deutsche Bank's chief economist sees no serious conflict between the European Central Bank's price stability objectives and its lender-of-last-resort function.
Kansas Fed finds changing inflation dynamics
This research by the Kansas Federal Reserve finds that the dynamics of inflation and long-term inflation expectations have changed over the last two decades.
Riksbank paper on governance
A new working paper from Sweden's central bank provides an exhaustive study of governance arrangements across central banks.
RBA Financial Stability Review
The Australian financial system has coped better with the recent strains than have those of many other countries, notes the latest Financial Stability Report from the Reserve Bank of Australia.
Czech challenges in monetary policy
A new paper published by the International Monetary Fund concludes that Czech National Bank will have to raise rates if the proposed reduction of the inflation target in 2010 is not fully incorporated into public-sector behaviour and inflation is above…
Money matters in the US and euro area
A new paper from the Bank of Spain provides structural estimates for money and the natural rate of interest for the United States and the euro area.
Monetary policy decisions: inputs and outcomes
A new paper from the Bank for International Settlements compares the practices of research and briefing prior to monetary policy decisions at several central banks, and looks at how decisions are presented and explained to markets and the public.
BoJ sets out risk management guidelines
The market instability triggered by the US subprime mortgage problem reaffirms the importance of investors accurately recognising and appropriately managing risk, research published by the Bank of Japan states.
Hong Kong's RTGS passes share-dealing-surge test
Optimisers in Hong Kong's high-value payments system meant it was able to cope with the explosion in initial purchase offers and lively market trading in 2007, Esmond Lee and Sara Yip, two members of the Financial Infrastructure Department at the region…
Central banks must communicate with care
While their abandonment of mystique and secrecy is to be commended, central banks' must recognise that more communication is not always better, research published by the International Monetary Fund states.
Markets getting better at guessing rate moves
Financial markets have increasingly been able to correctly predict monetary policy decisions for a number of large central banks, research published by the European Central Bank notes.
Private-sector wellbeing impacted by job cuts
Public servants are less sensitive to rises in unemployment than workers in the private sector, research published by the Boston Federal Reserve finds.
Research looks at the secrets of long-term growth
New research by the International Monetary Fund has uncovered several factors which influence the sustainability of growth.
Exporters create more jobs
Firms participating in international markets have higher employment growth rates than purely domestic companies, research published by the National Bank of Belgium finds.
China's peg harms economy
China's exchange-rate regime, which pegs the renminbi to the dollar, exacts high welfare costs from different sectors of the economy and poses long-term risks to financial stability, claims a new paper published by the European Central Bank.
Sex and education affect inflation perceptions
Inflation perceptions are significantly related to consumers' socio-demographic characteristics, research published by the Bank of Italy finds.
Friedman and Taylor held similar views
The differences between the way in which Milton Friedman and John Taylor view the way the economy works are small are small, research published by the St Louis Federal Reserve notes.
Real economic impact of housing market explored
The Bank of Italy has published research looking at the US housing sector's impact on the real economy.
Research indicates racial bias in lending
Issuers are providing less credit to consumers in Black neighbourhoods than those living in predominantly white areas with similar credit scores, research published by the Boston Federal Reserve finds.
China would prosper from currency appreciation
China would benefit from moving to a flexible exchange rate regime and allowing the People's Bank of China greater independence to control inflation, research published by the Bank of Canada indicates.
Research on the benefits of information dispersal
Cross-border information sharing allows policymakers to respond more appropriately to common shocks, research published by the Bank of England indicates.
Good luck not the cause of Great Moderation
The so-called "Great Moderation" in output growth and inflation in OECD countries over the last 20 years is not simply down to good luck, a European Central Bank paper detects.