Research
Deutsche Bundesbank Monthly Report, September 2002
REPORT - Germany's central bank, on 16 October published its Monthly Report for September 2002. The report shows a further increase in real gross domestic product (GDP) in the second quarter of this year, although the rise on the first quarter remained…
Economic Review from the Kansas City Fed Bank
PUBLICATION - The Federal Reserve Bank of Kansas City has published the Third Quarter 2002 edition of its Economic Review. The Economic Review is a quarterly research publication with articles by Economic Research Staff on issues of relevance to the…
The Exchange Rate and Inflation in the UK
RESEARCH - External MPC Unit Discussion Paper No.11, The Exchange Rate and Inflation in the UK by Amit Kara and Edward Nelson. The paper looks at the evidence from the UK on inflation behaviour and examines the propositions from several theoretical…
Fedtalk from the Boston Fed, September 2002
PUBLICATION - Financial Services Update of the Federal Reserve Bank of Boston, September 2002. A newsletter about Boston Fed financial services, Fedtalk offers the latest information on check services and electronic delivery systems. The most recent…
The Region from the Minneapolis Fed September 2002
PUBLICATION - The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2002. Included in this issue the Nobel prize-winning economist Robert Solow discusses his groundbreaking theory of economic growth, his…
Credit risk measurement and procyclicality
RESEARCH - BIS Working Paper by Philip Lowe, September 2002. This paper examines the two-way linkages between credit risk measurement and the macroeconomy. It first discusses the issue of whether credit risk is low or high in economic booms. It then…
European Central Bank Court of Auditors Report
REPORT - Report by the Court of Auditors on the audit of the operational efficiency of the management of the European Central Bank for the financial year 2001, together with the replies of the European Central Bank, 7 October.
SARB Monetary Policy Review - October 2002
REPORT - The South African Reserve Bank has published its October Monetary Policy Review. The report reflects on increased inflationary pressures in the South African economy following the depreceiation of the rand in the latter half of 2001.
Chicago Fed Letter, November 2002
PUBLICATION - The November 2002 issue of the Chicago Fed Letter is titled 'A regional perspective on the U.S. business cycle'. It is not difficult to come up with a definition of the business cycle that most of us would understand. A thornier issue is…
Bank of Japan Discussion Paper
RESEARCH - 'Monetary and Fiscal Policy in the European Monetary Union' by Juergen von Hagen and Matthias Brueckner - The introductory phase of the European Monetary Union ended with the emission of euro currency in 2002. This paper presents a review of…
The Regional Economist, October 2002
PUBLICATION - The Quarterly Review of Business and Economic Conditions, The Regional Economist, edition from the St Louis Fed contains an article 'Story Time at the FOMC'. Formal data don't tell policy-makers everything they need to know about the…
Federal Reserve Bulletin - October 2002
REPORT - Article by Brian M. Doyle and Jon Faust titled 'An Investigation of Co-movements among the Growth Rates of the G-7 Countries'.
Bank of Canada research on monetary shocks
RESEARCH - This paper studies the persistent effects of monetary shocks on output. The paper constructs and estimates a general-equilibrium model with price rigidities, habit formation, and costly capital adjustment. Econometric results indicate that…
IMF Survey, Vol. 31, No 18, October 7
SURVEY - The latest issue includes various reports on the 2002 Annual Meetings: overview, speeches, communiques, press conferences. There are also articles on African capacity building, FDI website, Burton to head Asia-Pacific Department, prolonged use…
EconSouth from the Atlanta Fed Third Quarter 2002
PUBLICATION - The Federal Reserve Bank of Atlanta has published its regular online magazine, EconSouth, for the Third Quarter 2002. The main feature of the latest edition is 'The Impact of Oil Prices On Economic Activity'.
Central Banker, Fall 2002
REPORT - The Fall 2002 edition of the St. Louis Fed's Central Banker magazine has been published. This edition includes articles on why some changes in the retail payment market may be causing confusion for consumers and looks at the St Louis Fed's new…
Impact Survey of New Basel Capital Accord
REPORT - The Basel Committee on Banking Supervision on 1 October launched a comprehensive field test for banks of its proposals for revising the 1988 Capital Accord. The field test referred to as the third quantitative impact study, or QIS 3, represents…
Philadelphia Fed Business Outlook Survey
REPORT - Results from September's Business Outlook Survey show that activity in the region's manufacturing sector has improved modestly, according to firms surveyed for this month's Business Outlook Survey. Most of the survey's broad indicators of…
Chicago Fed Letter, October 2002
PUBLICATION - The October 2002 issue of the Chicago Fed Letter is titled 'Solving the problem of small change' - In the last hundred years, monetary systems have evolved from commodity-based, meaning their value is tied to a commodity like gold, to fiat…
Philadelphia Fed Business Outlook Survey
REPORT - Results from August's Business Outlook Survey show for the first time this year, manufacturing firms' responses from the Business Outlook Survey indicate a slight decrease in activity. Indicators of general activity, new orders, and shipments…
Chicago Fed National Activity Index, August 2002
REPORT - CFNAI indicates economy slowed in August - In August, the Chicago Fed National Activity Index (CFNAI) fell to its lowest level since December 2001, largely as a result of weakness in the production- and employment-related data. The CFNAI fell to…
UK Treasury Report - Andrew Large's Appointment
REPORT - UK Treasury Select Committee report on the appointment of Sir Andrew Large as a Deputy Governor of the Bank of England and Member of the Monetary Policy Committee, released 30 September. The committee concluded, 'We are satisfied that Sir Andrew…
Reserve Bank of New Zealand Bulletin, September
REPORT - The Reserve Bank of New Zealand on Monday released the September 2002 issue of their Bulletin. This issue of the Bulletin explores aspects of the two core objectives of modern central banks - price stability and financial system stability.
IMF World Economic Outlook, September 2002
REPORT - World Economic Outlook, Trade and Finance, International Monetary Fund, September 2002. In the most recent World Economic Outlook the International Monetary Fund said that world economic output would increase by 3.7% in 2003, compared to its…