Research
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.
New insights on monetary policy
Monetary policy can, contrary to received wisdom, be forward looking without compromising stabilisation, finds a new European Central Bank paper.
Price-level-path targeting would suit Canada
Simple price-level-path targeting performs slightly better than simple inflation targeting when the Canadian economy is confronted by shocks, states a new Bank of Canada research.
Credit crunch set to hamper US lending
US growth could fall by up to 1.5 percentage points over the next year as a result of tighter borrowing conditions, a report prepared for the US Monetary Policy Forum has found. The report also estimates the losses on mortgage securities will total $400…
Money growth data helps predict inflation
Money growth statistics can be used to more accurately forecast inflation in the euro area, a new International Monetary Fund paper finds.
Research pinpoints critical frequencies
The Bank for International Settlements has found critical frequencies for sampling some of the key economic indicators.
Financial performance related to policy
A central bank's financial strength is linked with its policy performance, research published by the International Monetary Fund shows.
Research uncovers reasons for interbank spreads
The recent sharp rise in the risk premium contained in three-month interbank rates points to the importance of liquidity factors for banks' day-to-day quoting behaviour, research published by the Bank for International Settlements finds.
EU building and consumer sectors most sensitive
The eurozone's construction and consumer sectors are typically the most sensitive to shocks in GDP and inflation variables, states a new European Central Bank paper.
Policy shifts improved inflation outlook
The decline in the level, persistence and volatility of inflation across industrialised countries since the mid-1980s is due in part to improvements in monetary policy, finds a Bank of England working paper.