Speech
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…
Greenspan on The Wealth of Nations Revisited
SPEECH - In the speech 'The Wealth of Nations Revisited' made on 12 November, Alan Greenspan of the Federal Reserve said Adam Smith's idea of the 'invisible hand' whereby economic decisions that benefit an individual benefit society as a whole indirectly…
Gramlich on smart growth, at the Cleveland Fed
SPEECH - In a speech to the Cleveland Fed Conference made on 7 November, Edward Gramlich of the Federal Reserve said the fundamental principle of smart growth is that development should be of a holistic nature. That is, rather than just paying attention…
Bies on effective accounting and disclosure
SPEECH - In the speech 'Effective Accounting and Disclosure for Financial Transactions and Financial Institutions' made on 7 November, Susan Bies of the Federal Reserve said a restoration of public confidence in the U.S. capital markets has begun, but…
Ferguson on recent experience and economic outlook
SPEECH - In the speech 'Recent Experience and Economic Outlook' made on 12 November, Roger Ferguson of the Federal Reserve said the most recent recession was relatively mild and the current recovery has proved to be fairly weak compared with previous…
Bernanke - Milton Friedman's Ninetieth Birthday
SPEECH - In the speech 'On Milton Friedman's Ninetieth Birthday' made on 8 November, Ben Bernanke of the Federal Reserve said to the assembled guests including Milton Friedman that the Federal Reserve takes responsibility for the Great Depression, "You…
Poole on the Fed's Role in Community Development
SPEECH - In the speech 'The Fed's Role in Community Development' made on 23 October, William Poole of the Federal Reserve Bank of St. Louis said in March 2003, the Federal Reserve System's Community Affairs offices will sponsor its third academic…
Kennedy on Financial Markets and Monetary Policy
SPEECH - In the speech 'The Interaction of Financial Markets and Monetary Policy' made on 4 November, Sheryl Kennedy of the Bank of Canada said like a number of other central banks, we have a "blackout" period in the week before our announcements. No…
Padoa-Schioppa on the euro and the role of ERM II
SPEECH - In the speech 'Trajectories towards the euro and the role of ERM II' made on 4 November, Tommaso Padoa-Schioppa of the ECB said ERM II should be seen as a meaningful framework within which to achieve further real and nominal convergence. In…
Gjedrem on monetary policy in Norway
SPEECH - In the speech 'Monetary policy in Norway' made on 17 October, Svein Gjedrem of Norges Bank said with the free flow of capital, deep capital markets and the phasing in of petroleum revenues into the Norwegian economy, inflation targeting is the…
Gary Stern on economic literacy
SPEECH - In the speech 'Economic Literacy Leads to Better Grasp of Public Policy Issues' made on 24 October, Gary Stern of the Federal Reserve Bank of Minneapolis said it doesn't hurt to remind ourselves and others that economics has a lot to say about…
Moskow on the Economy and Free Trade
SPEECH - In the speech 'The Economy and Free Trade' made on 29 October, Michael Moskow of the Federal Reserve Bank of Chicago said during the last 20 years or so, we've deregulated financial markets, developed more flexible labor markets and made major…
Santomero on Process & Progress in Risk Management
SPEECH - In the speech 'Process & Progress in Risk Management' made on 28 October, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the financial sector has come a long way in its risk management efforts. Basel II offers an unusual…
Fed Chairman Alan Greenspan on education
SPEECH - In the speech 'Education' made on 29 October, Alan Greenspan of the Federal Reserve said empirical economic research has identified a complex set of factors as key determinants of how successful any country will be in transforming its physical…
Issing on relationship lending in the euro area
SPEECH - In the speech 'Relationship lending in the euro area' made on 24 October, Otmar Issing of the ECB said recent trends in the European financial markets seem to have put pressure on banks, leading some of them to reduce the scale of their…
Gjedrem on the business cycle and monetary policy
SPEECH - In the speech 'The business cycle and monetary policy' made on 17 October, Svein Gjedrem of Norges Bank said share prices fell sharply this summer for several reasons, including poorer growth prospects abroad. Developments this summer indicate…
Fed's Ferguson on productivity growth
SPEECH - In the speech 'Productivity Growth: A Realistic Assessment' made on 24 October, Roger Ferguson of the Federal Reserve said although no one can see the future, he feels cautiously optimistic that the U.S. economy can continue to enjoy strong…
Backstrom on the monetary policy situation
SPEECH - In the speech 'The monetary policy situation' made on 17 October, Urban Backstrom of the Sveriges Riksbank said activity in the Swedish economy has remained buoyant despite the situation in the rest of the world but recent statistics have…
Kennedy on the Bank of Canada in financial markets
SPEECH - In the speech 'The Bank of Canada's interest in financial markets' made on 28 October, Sheryl Kennedy said the Canadian economy has outperformed the other G7 countries over the past year but the economy is now operating fairly close to full…
Duisenberg on transforming the financial system
SPEECH - In the speech 'The transformation of the European financial system' made on 24 October, Wim Duisenberg of the ECB said developments such as the introduction of the euro have implications that are manifold and profound, in particular for central…
Gjedrem on inflation targeting and economic policy
SPEECH - In the speech 'Inflation targeting and the interplay in economic policy' made on 16 October, Svein Gjedrem of the Norges Bank said a substantial share of the effects of an interest rate change will occur within two years. Two years is thus a…
The Fed's Mark Olson on Urban Revitalization
SPEECH - In the speech 'Urban Revitalization: Shared Responsibilities' made on 22 October, Mark Olson of the Federal Reserve Board said that the history of community development policy and finance has been characterized as difficult, but it provides…
Blattner on the euro and what it means for the SNB
SPEECH - In the speech 'The Euro: Implications for Switzerland and for the Monetary Policy of the Swiss National Bank' made on 22 October, Niklaus Blattner of the Swiss National Bank said Switzerland's experience of the euro has, so far, been mainly…
Dodge - Opening statement to finance committee
SPEECH - Opening statement by David Dodge, Governor of the Bank of Canada, before the House of Commons Standing Committee on Finance, 23 October 2002.