Fiscal policy
Podcast: Iceland removes gender bias from wages
Katrín Ólafsdóttir, MPC member at the Central Bank of Iceland, says equal pay certification will encourage women to enter the economics profession
Nicaragua’s central bank reserves fall 41%
Steep slide due to attempts to stem outflows of currency after political crisis
Turkish central bank makes early payout to government
Extraordinary general meeting sees CBRT agree to similar actions in future
CBSL resorts to monetary financing amid wait for IMF talks
Central bank promises loan to government will be unwound in the first quarter of 2019; IMF talks scheduled for mid-February
Costa Rica credit rating downgraded two notches amid persistent fiscal deficit
Fitch Ratings revised rating down despite early repayment of central bank and fiscal reforms
Bank of Israel calls on government to reduce deficit
Budget imbalance is forecast to reach 3.6% of GDP in 2019, official target is 2.9%
Central Bank of Kenya intervenes amid coin confusion
No limits on coin distribution, central bank says, following reports initial caps remain in place
Book notes: EuroTragedy, by Ashoka Mody
The former International Monetary Fund insider elegantly tells the story of the creation of the currency that has defied economics, warning that it could get “worse, much worse”
India vulnerable to oil shocks – RBI research
Study weighs effects of oil shocks on current account, inflation and government finances
Report reveals damage caused by Bank of Mongolia’s ‘quasi-fiscal’ policies
Discontinued policies may have undermined key parts of the central bank’s mandate, created inflation and generated huge losses, report finds
Bank of Mexico raises rates on high inflation and policy uncertainty
The governing board increased the policy rate by 25 basis points to 8.25%
Number of risky housing loans issued in 2018 drops, says Danish central bank
Limits on loan-to-value and debt-to-income ratios have seen reduction on risky loans
Angola improves data transparency with new hub
Statistics deemed “critical” by the International Monetary Fund will be published in one place
Costa Rican congress passes central bank-backed tax reforms
Reforms were ‘not only necessary, but urgent’, central bank says
IMF advises Ethiopia central bank to stop financing government
Central bank’s tighter monetary policy should be supported by end to monetary financing – IMF
Increasing banks’ capital could enable looser regulations, says Greenspan
Former Fed chief discusses new book, ‘Capitalism in America, a history’, with journalist and co-author Adrian Wooldridge
Sri Lankan central bank tackles ‘large and persistent’ liquidity deficit
Central bank adjusts policy to support banks, but weak economy and falling rupee limit options
The euro: a troubled third decade?
Italy’s pact-busting budget highlights ongoing eurozone frailties
Iceland hikes rates for first time since 2016
Central bank tightens rates as inflation continues to rise above target
Costa Rican central bank hikes rates over inflation fears
Government faces opposition to fiscal reforms as currency slides
Flug defends Bank of Israel’s role as government economic adviser
Departing governor clashed with executive over public spending priorities
Review into New Zealand bank conduct reveals failings
New Zealand’s central bank urges government to provide regulators with sufficient powers to address conduct, as significant weaknesses appear in the sector
Fiscal deficits caused persistent pressure for Mexican inflation, paper finds
Central bank independence stabilised inflation, researchers find
Kganyago highlights the dangers of ‘state capture’
Sarb governor says country still suffering from twin deficits