Central Banking
‘Giant of the field’ Robert Mundell dies
The Nobel laureate influenced a generation of economists via the Mundell-Fleming model
Final FSB report warns ‘gaps’ remain in resolution framework
Study highlights “progress” but also shows “more can be done”, says Claudia Buch
Unemployment set to rise to 8% in 2022 – Irish central bank
Bottlenecks in the jobs market may delay employment’s return to pre-pandemic levels
Bank of England targeted in Extinction Rebellion protest
Front entrance daubed in “fake oil” as part of wider protest against financial sector
ECCB launches live CBDC pilot
Blockchain-issued DCash is the world’s first CBDC within a currency union
Richmond Fed: is US ready for digital dollar?
Brief argues there are questions to answer before embarking on CBDC
MAS contributes reserves to IMF pandemic funds
Singapore to provide $20.6 million to IMF initiatives for low-income countries hit by Covid-19
Newspaper text can improve growth forecasts – DNB research
Sentiment index can cut errors in short-term forecasts, study finds
Central banks considering interlinked CBDC options
Agustín Carstens presents results of cross-border CBDC survey
Republican senator accuses Fed of politicising research
Toomey demands documents from San Francisco Fed on climate and racial justice studies
People: Erdoğan fires deputy governor
IMF hires new finance director; new deputy governors at Nepal central bank; and more
RBNZ eases dividend restrictions
Deputy governor says NZ economy has rebounded more strongly than expected
A latent rise in r* could upend monetary policy
A rising natural rate could create serious challenges for policy-makers, write Jorma Schäublin and Philip Turner
US agencies begin survey on AI
Regulators seek information on use, management and development of artificial intelligence
IMF calls for ‘urgent efforts’ on non-bank macro-pru tools
Fund warns of trade-off between support now and risks in the future
ECB concerned by Hungary consumer credit plan
Draft law would give Central Bank of Hungary powers to directly issue loans for energy efficiency
Fed won’t set rates to ease debt pressure – Waller
Newest Fed board member stresses central bank autonomy in first public address
Bank of Ghana using data to close gender financial inclusion gap
New systems collect gender-disaggregated data on a number of financial products and services
Peru’s Velarde condemns interest rate cap law
Central bank gains power to fix maximum rates every six months
Major asset managers commit to support net-zero carbon transition
Tackling climate change is “one of the greatest commercial opportunities of our time”, says Mark Carney
BoE’s Tenreyro highlights divergence in UK and US policies
US focused on protecting incomes, while UK protected jobs, MPC member notes
Barkin concerned over pandemic ‘scarring’
Richmond Fed chief says disruptions imperil access to jobs and economic growth
RBNZ stresses need for clarity on climate disclosures
Taxonomies need to be harmonised and disclosure frameworks reviewed to ensure they are relevant for the public sector
Cleveland Fed creates new inclusion council
Eight-member council charged with assisting the bank in fostering diversity