Speech
McTeer on making the case for markets
SPEECH - In the speech 'Problems Making the Case for the Market: Good Intentions or Good Results' Bob McTeer of the Federal Reserve Bank of Dallas said he was happy to report that the evils of inflation are greatly diminished, and considerable progress…
McTeer on confessions of an erstwhile economist
SPEECH - In the speech 'Reflections and Confessions of an Erstwhile Economist' Bob McTeer of the Federal Reserve Bank of Dallas delved into his past and revealed he met his wife in his economics class, is decidedly "non-quantitative" and doesn't trust…
Ferguson on September 11 and the Federal Reserve
SPEECH - In the speech 'September 11, the Federal Reserve, and the Financial System' Roger Ferguson of the Federal Reserve said on the morning of September 11, the Fed, as monetary authority, as payment system operator, as banking supervisor, and as…
Duisenberg - Nederlandse Antillen Bank anniversary
SPEECH - In a speech on the occasion of the 175 anniversary of the Bank van de Nederlandse Antillen Wim Duisenberg of the European Central Bank said that increased fiscal discipline is needed to reduce vulnerabilities or, to put it more positively, he…
Nyberg on the Swedish card payment market
SPEECH - In the speech 'The Swedish Card Payment Market - Current Challenges and Future Developments' Lars Nyberg of the Sveriges Riksbank said Swede's are great lovers of cash and prefer to use debit rather than credit cards. Nyberg says that as far as…
McTeer on the banking industry
SPEECH - In a speech to the Cato Institute 20th Annual Monetary Conference Bob McTeer of the Federal Reserve Bank of Dallas said the U.S. now has a low inflation rate, close to that of the euro zone. But that the US unemployment rate has been only half…
Bernanke on discretion and monetary policy
SPEECH - In the speech '"Constrained Discretion" and Monetary Policy' Ben Bernanke of the Federal Reserve said laid out the advantages of using a framework of constrained discretion for making monetary policy. The essence of constrained discretion, he…
McTeer on economic prospects for the US
SPEECH - In the speech 'X' Bob McTeer of the Federal Reserve Bank of Dallas said as a central banker he should say something about inflation. "Well, it's low and conditions are already ripe for it to go lower. Especially if growth picks up. And a policy…
Dodge on monetary policy in an uncertain world
SPEECH - In the speech 'Monetary Policy: Meeting the Challenges of an Uncertain World' David Dodge of the Bank of Canada said that Canada's macroeconomic policy framework is protecting the economy from both persistently high inflation and the threat of…
Gjedrem on inflation targeting
SPEECH - In the speech 'Inflation targeting' Svein Gjedrem of Norges Bank said after close to two years of inflation targeting, experience shows that monetary policy has an impact on inflation. He adds that the 'experience has been uplifting' but goes on…
Bean on economists and the real world
SPEECH - In the speech 'Economists and the Real World' Charles Bean of the Bank of England said it is often said that central bank independence is desirable because it takes the politics out of monetary policy. He also said an important feature of the…
Gjedrem on role and effects of monetary policy
SPEECH - In the speech 'Perspectives on the role and effects of monetary policy' Svein Gjedrem of Norges Bank said commodity-exporting countries tend to experience wide fluctuations in their exchange rate. Norway must be prepared, he said, for…
Bollard on making sense of a rising exchange rate
SPEECH - In the speech 'Making sense of a rising exchange rate' Alan Bollard of the Reserve Bank of New Zealand said however much we can understand, after the event, what has driven the exchange rate, neither economists and central bankers (nor anyone…
Dodge on the Monetary Policy Report Update
SPEECH - In his opening statement on the release of the Bank of Canada's Monetary Policy Report Update David Dodge suggested Canadian interest rates would need to rise to return inflation to the 2 per cent target over the medium term.
Persson on Sweden and the euro
SPEECH - In the speech 'Sweden and the Euro' Kristina Persson of the Sveriges Riksbank said monetary union presents an attractive proposition for Sweden, given that we continue to improve the functioning of wage formation and labour markets and that we…
Gjedrem on Norway's changing economy
SPEECH - In the speech 'Norway's changing economy' Svein Gjedrem of Norges Bank said history shows that low unemployment cannot ultimately be achieved through high inflation. A monetary policy that contributes to inflation does not create higher economic…
Hamalainen on how the ECB manages the euro
SPEECH - In the speech 'How the European Central Bank manages the euro and what is in store for 2003' Sirkka Hamalainen of the European Central Bank expressed concern over the widely-held perception that monetary policy can solve very different stability…
Edward George at the Scottish Bankers Dinner
SPEECH - In a speech Sir Edward George of the Bank of England said it would be unwise to set monetary policy on the basis of the worst possible outcome. Risks to the economy, including a sharp fall in consumer spending and a house price crash, "need to…
Bergo on challenges facing the Norwegian economy
SPEECH - In the speech 'Challenges facing the Norwegian economy' Jarle Bergo of Norges Bank said it should be possible for us to live well with petroleum, but it will require our addressing a number of challenges. The varying inflow of revenues must be…
Broaddus on the economic outlook for 2003
SPEECH - In the speech 'The Economic Outlook for 2003' Alfred Broaddus of the Federal Reserve Bank of Richmond said he thought the Federal Reserve was unlikely to "run out of ammunition" as substantial levels of liquidity could still be introduced to the…
Gjedrem on the transatlantic economic partnership
SPEECH - In the speech 'Transatlantic Economic Partnership - Nordic and American perspectives' Svein Gjedrem of Norges Bank said the Nordic countries and the US have long historic ties with the number of Norwegians and their descendants living in the US…
Hamalainen on the role of monetary policy
SPEECH - In the speech 'The role of monetary policy and the central banks in global financial stability' Sirkka Hamalainen of the ECB said it is self-evident that the central bank needs a healthy banking and financial market sector in order to conduct…
Backstrom on Financial Cycles
SPEECH - In the speech 'Financial Cycles' Urban Backstrom of Sweden's central bank said financial crises substantially increase the risk of outright deflation after some time. A central bank could manage this risk in two ways: by at least trying to…
Gjedrem on monetary policy and the economy
SPEECH - In the speech 'Monetary policy and the economic situation' Svein Gjedrem of Norges Bank said the global fall in equity prices has also spread to the Norwegian stockmarket and spoke of "a close relationship" between equity prices in the US and in…