Research
When can we forcast inflation?
RESEARCH - Article by Jonas D. M. Fisher, Chin Te Liu and Ruilin Zhou. Chicago Fed researchers show that inflation forecasting models, like the Phillips curve, may still provide sound predictions of inflation. They argue that time periods in which it is…
Dornbusch's Overshooting Model After 25 Years
RESEARCH - Second Annual IMF Research Conference, Mundell-Fleming Lecture, Kenneth Rogoff, Economic Counselor and Director of the IMF Research Department, 29 November 2001, (revised 22 January, 2002) released 7 February.
St Louis Fed report, Central Banker, Winter 2001
REPORT - Fed Releases Comprehensive Retail Payments Study, reports the Winter 2001 edition of the St Louis Fed's Central Banker.
Finance and Economics Discussion Series
RESEARCH - Federal Reserve Finance and Economics Discussion Series, Monetary Policy Rules and the Great Inflation by Athanasios Orphanides, January 2002.
Chicago Fed Letter, February 2002
REPORT - According to research in the latest Chicago Fed Letter, improvements in average worker skill levels have slowed and are likely to continue to slow the rest of this decade, which could negatively impact U.S. productivity growth in years to come.
Basel Committee on Banking Supervision
REPORT - The Quantitative Impact Study for Operational Risk: Overview of Individual Loss Data and Lessons Learned, 28 January.
BIS Press Release
PRESS RELEASE - BIS international consolidated banking statistics - third quarter of 2001 released 28 January.
BIS consolidated international banking statistics
REPORT - The BIS consolidated international banking statistics - third quarter 2001 released 28 January.
Monetary developments in the euro area
REPORT - Monetary developments in the euro area: December 2001, released by the European Central Bank, 28 January.
ECB Monthly Bulletin January 2002
REPORT - The European Central Bank published its January 2002 Monthly Bulletin on 24 January.
Bank of Canada Monetary Policy Report Update
REPORT - The Bank of Canada has released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy, 23 January.
The Inflation Forecast and the Loss Function
RESEARCH - A new paper by Lars E.O Svensson, Princeton University, CEPR and NBER, December 2001.
BIS research papers
RESEARCH - Research from the BIS 'Comparing monetary policy operating procedures across the United States, Japan and the euro area', Monetary and Economic Department, Bank for International Settlements, December 2001.
Regional Economy Newsletter Winter 2002
RESEARCH - The Winter 2002 Regional Economy Newsletter for upstate New York has been issued by the Federal Reserve Bank of New York.
Basel Committee Publications - New paper
RESEARCH - The relationship between banking supervisors and banks' external auditors, Basel Committee Publications No. 87, January 2002.
Philadelphia Business Outlook Survey
REPORT - Federal Reserve Bank of Philadelphia, Business Outlook Survey, 17 January 2002.
Bank of Japan Monthly Report January 2002
REPORT - Bank of Japan Monthly Report of Recent Economic and Financial Developments, January 2002.
Research Papers from the Bank of Japan
RESEARCH - Monetary and Economic Studies (2002) by the Bank of Japan Institute for Monetary and Economic Studies, 18 January 2002.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Dallas and based on information collected before January 9, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Currency Crises and Uncertainty About Fundamentals
WORKING PAPER - International Monetary Fund Working Paper by Alessandro Prati and Massimo Sbracia, Research Department, January 2002.
Research by the Fed Bank of Minneapolis
RESEARCH - From The Region, December 2001 published by the Federal Reserve Bank of Minneapolis. The Federal Reserve and Electronic Payments. What do considerations of principle, experience and reputation tell us? By Gary H. Stern, President.
IMF Working Paper Series
RESEARCH - A Model of the Joint Distribution of Banking and Exchange-Rate Crises by Robert Flood and Nancy Marion of the Research Department of the International Monetary Fund, 10 January 2002.
ECB Working Papers Series
RESEARCH - European Central Bank Working Paper, Monetary policy rules, macroeconomic stability and inflation: a view from the trenches, by Athanasios Orphanides.
Bank of Canada Working Paper Series
RESEARCH - Why Do Central Banks Smooth Interest Rates? by Gabriel Srour, Research Department, Bank of Canada.