Growth
National Bank of Macedonia - Annual Report 2006
Petar Goshev, the governor of the National Bank of Macedonia, judged 2006 a successful year for the central bank.
Turmoil will impact global economy- IMF's de Rato
Rodrigo de Rato, the managing director of the International Monetary Fund, said the recent bout of money-market volatility will affect global growth.
ECB rate setting analysed
This paper, published by the Institute for Monetary and Financial Stability, uses the ordered-probit technique and variables noted in the European Central Bank's (ECB's) Monthly Bulletin to investigate how the central bank sets rates.
Bank of Guyana - Annual Report 2006
Lawrence Williams, the governor of the central bank, said that, after recording a decline of 1.9% in 2005, Guyana's economy rebounded in 2006 to register real economic growth of 4.7%, exceeding the 4.3% target for the year.
ECB Monthly Bulletin - July
An article interpreting monetary developments in the eurozone since mid-2004 is a timely addition to July's bulletin which shows M3 growth surging above 10% on all measures.
Papademos sees increased European potential growth
Lucas Papademos, the vice president of the European Central Bank (ECB), says that some countries in the eurozone have recently seen productivity-driven increases in their potential growth rate.
Mixed message from Bernanke
Testimony today from Ben Bernanke, the chairman of the Federal Reserve, before the House of Representatives Committee on Financial Services gave a somewhat mixed message as he predicted that while he expects economic growth to pick up slightly next year…
Thai rates cut with one eye on baht
Thailand's central bank cut its benchmark interest rate, the one-day bond repurchase rate, to 3.25% from 3.5% today, the fifth consecutive cut this year. Suchada Kirakul, the assistant governor, told reporters after the rate decision that the cut "will…
Japan's CPI understated deflation - NBER paper
Japan's deflation would have more than twice as severe as official statistics suggested if the country adopted American methodologies which correct for substitution biases and quality upgrading, this NBER working paper finds.
Million-dollar-a-minute growth in Chinese reserves
The People's Bank of China accumulated foreign exchange reserves at an average rate of just over $1 million per minute in the first six months of 2007. The central bank said on 11 July that reserves had grown by $266.3bn to $1.33 trillion between January…
RBI's Reddy on India's financial sector
YV Reddy, governor of the Reserve Bank of India, said "The critical task before the public policy, in general, and Reserve Bank of India, in particular, is to strengthen the structural factors in the economy but determinedly moderate the cyclical and…
PBoC upgrades growth and inflation forecast
The research bureau of the People's Bank of China says the country's economy is expected to grow 10.8% this year, the fastest rate in over ten years.
Bank Indonesia more bullish
Bank Indonesia, the country's central bank, has upgraded its national economic growth forecast for this year from 6% to 6.2%. The latest inflation figures are also better than those forecast by the central bank.
The importance of monetary aggregates
This ECB working paper presents a strong argument in favour of using monetary aggregates as an analytical tool for predicting future inflation.
Germany defends ECB focus on money growth
Germany's Bundesbank has come out in stout defence of the European Central Bank, arguing that money supply figures - used by the ECB in making interest rate decisions - are helpful in identifying property market distortions.
PBOC says credit growth still too high
The People's Bank of China said in its first quarter monetary policy report, published Thursday 10 May, that credit growth remains too high and it needs to maintain a reasonable level of expansion.
India not ready for sustained growth?
According to an article from The Financial Express, 'YVR not ready for sustained growth?', published on Sunday 18 March, India has never had it so good, but current growth levels may not last too long.
Growth dynamics myth of economic recovery
Using panel data for a large number of countries, this BIS Working Paper finds that economic contractions are not followed by offsetting fast recoveries.
Sri Lanka maintaining growth momentum
The Central Bank of Sri Lanka's Monetary Policy Review for March 2007 says the economy has shown early signs of continuing its high growth momentum experienced in 2006 in 2007.
Uganda cb optimistic on 2007 growth
The central bank of Uganda is positive about the projected 6% gross domestic product (GDP) growth is within reach next year The New Vision website reported Wednesday 13 December.
Bernanke on monetary aggregates & monetary policy
In the speech 'Monetary aggregates and monetary policy at the Federal Reserve: A historical perspective' given on 10 November Ben Bernanke of the Federal Reserve said the Fed will continue to monitor and analyse money growth even though the relationship…
Living standards and the wealth of nations: successes and failures in real convergence.
Edited by Leszek Balcerowicz and Stanley Fischer. MIT Press, 2006.
Enforcement and the stability and growth pact
The IMF Working Paper "Enforcement and the stability and growth pact: How fiscal policy did and did not change under Europe's fiscal framework" published May 2006, says that the Stability and Growth Pact has been a success in numerous EU countries,…
Issing praises German deficit efforts
In an interview to be published Thursday 30 March European Central Bank chief economist Otmar Issing welcomed efforts by the German government to tackle the country's budget deficit.