Speech
Moskow on Perspectives on the Economy and Banking
SPEECH - In the speech 'Perspectives on the Economy and Banking' Michael Moskow of the Federal Reserve Bank of Chicago said that while the economy's road to recovery has been bumpier than expected the accommodative monetary policy stance the Fed has put…
Bean on the MPC the UK economy, deflation and debt
SPEECH - In the speech 'The MPC and the UK Economy: Should we fear the D-words?' Charles Bean of the Bank of England said that the recent alarmist talk of the threat of global deflation has been overdone. There are good reasons for believing that the US…
Santomero on the economic outlook for the US
SPEECH - In the speech 'Economic Outlook for the U.S. & Delaware' Anthony Santomero of the Federal Reserve Bank of Philadelphia said he believes the U.S. economy's future prospects are good and that the current moderately paced economic recovery will put…
Battellino on Australian bonds issued offshore
SPEECH - In the speech 'Why do so Many Australian Borrowers Issue Bonds Offshore?' Ric Battellino of the RBA said motives included the greater range of investors overseas and differences in the state of development between the Australian and US corporate…
Hamalainen on The euro - a world currency
SPEECH - In the speech 'The euro - a world currency' Sirkka Hamalainen of the ECB said that although price stability is necessary for a healthy economy and a competitive currency, on its own it is not sufficient. She said all the Member States that have…
Jenkins on dealing with economic shocks
SPEECH - In the speech 'How the Bank of Canada Helps Canadians Deal with Economic Shocks' Paul Jenkins reviews the ways in which the Bank of Canada protects the domestic value of the Canadian currency through the conduct of monetary policy. He then…
Santomero on Crises, Contagion, and Coordination
SPEECH - In the speech 'Crises, Contagion, and Coordination: Issues for Policymakers in the Global Economy' Anthony Santomero of the Federal Reserve Bank of Philadelphia said recent history provides many examples of events which have important economic…
Solans on the performance of the ECB
SPEECH - In the speech 'Some thoughts on the performance of the ECB' Eugenio Domingo Solans of the ECB said the ECB is almost five years old. But in that five years the Eurosystem has become a fully-fledged central bank which formulates and implements a…
Ben Bernanke on the threat of deflation
SPEECH - In the speech 'Deflation: Making Sure "It" Doesn't Happen Here' Ben Bernanke of the Federal Reserve said sustained deflation can be a highly destructive force and should be strongly resisted. He emphasised that prevention of deflation is…
Bollard on the evolution of monetary policy
SPEECH - In the speech 'The evolution of monetary policy' Alan Bollard of the Reserve Bank of New Zealand spoke of himself 'as a new central bank governor' and said the new Policy Targets Agreement will offer more flexibility, but this flexibility needs…
Olson on banking in 2002 after a decade of change
SPEECH - In the speech 'The Banking Industry in 2002 after a Decade of Change' Mark Olson of the Federal Reserve said the past decade has been a time of dynamic change in the financial services industry and there are no signs that the pace of change will…
Bergo on monetary policy and economic cycles
SPEECH - In the speech 'Oil revenues, monetary policy and economic cycles' Jarle Bergo of Norges Bank said GDP growth is likely to pick up but will remain below the growth potential next year and that the interest rate increase in July has resulted in…
Moskow on the economic outlook
SPEECH - In the speech 'Moskow on the economic outlook' Michael Moskow of the Federal Reserve Bank of Chicago said following the Federal Reserves recent half point interest rate cut that, the low-inflation environment has allowed us to maintain an…
William Poole - From Professor to Policymaker
SPEECH - In the speech 'From Professor to Policymaker: Emerging from the Shadow' William Poole of the Federal Reserve Bank of St. Louis said his years of teaching and writing as a university professor have helped him to develop effective communication…
Heikensten on the krona, Sweden and EMU
SPEECH - In the speech 'The krona, Sweden and EMU' Lars Heikensten of the Sveriges Riksbank said the most likely time for a referendum to Sweden's entry to the euro would be Autumn 2003. If Sweden was to enter ERM2 Heikensten said, the decision on the…
King on The Inflation Target 10 Years on
SPEECH - In the speech 'The Inflation Target 10 Years on' Mervyn King of the Bank of England said the Monetary Policy Committee could not target asset prices directly but spent a lot of time questioning how such changes should affect policy. He believes…
Greenspan on Int'l Financial Risk Management
SPEECH - In the speech 'International Financial Risk Management' Alan Greenspan of the Federal Reserve said episodes such as September 11 indicate that the ability of economies to absorb unexpected shocks has increased over the past two decades. He also…
Dodge on promoting Canada's economic welfare
SPEECH - In the speech 'Promoting Canada's Economic and Financial Welfare' David Dodge of the Bank of Canada said Canada's inflation target, which aims to keep the rate at the mid point of a 1-3 per cent range, has firmly anchored expectations at the 2…
Greenspan speaks at book launch
SPEECH - Fed Chairman Alan Greenspan spoke at the launch of a new book by Allan Meltzer. He described the book, History of the Federal Reserve Volume I as an indispensable input for monetary economists and economic historians alike. Drafts of the book…
Domingo Solans on the euro as a driving force
SPEECH - Eugenio Domingo Solans of the European Central Bank said five years is a very short period of time in the normal life of a central bank. He compared the ECB to the Banco de San Carlos, the forerunner of the Bank of Spain created in 1782…
Edward George on price/earnings ratios
SPEECH - Sir Edward George of the Bank of England told the Association of Corporate Treasurers last week that on some measures price/earnings ratos were back to the long-term averages. Is he saying the equity bubble is over, at least in the UK?
Greenspan on the economic outlook
SPEECH - In testimony titled 'The economic outlook' made on 13 November, Alan Greenspan of the Federal Reserve said before Congress's Joint Economic Committee, that last week's sharp interest rate cut should help the country through its "soft patch,"…
Duisenberg at the Banco de Mexico conference
SPEECH - In a speech to the 2nd international conference organised by the Banco de Mexico made on 12 November, Wim Duisenberg of the European Central Bank said over recent months, a high degree of uncertainty - stemming mainly from developments in stock…
Macfarlane - Monetary Policy in an Uncertain World
SPEECH - In the speech 'Monetary Policy in an Uncertain World' made on 13 November, Ian Macfarlane of the Reserve Bank of Australia said when we look around us at the challenges facing central banks in other countries, we are reminded that decisions are…