Growth
Uneven technology adoption behind low productivity and wage growth – RBA research
High-productivity firms are reducing prices and increasing profits rather than boosting salaries
Globalisation becomes more divisive as it advances – Dani Rodrik
Harvard economist says gains from trade may not outweigh redistributive problems
Turkey reinforces monetary tightening with fiscal caution
New economic plan considered appropriate by analysts, but currency instability remains
SNB maintains ultra-loose policy despite stronger growth
Central bank is once again grappling with the effects of safe-haven flows into the franc
Inflation proves worrisome for Sarb MPC
Governor stresses central bank has inflation target range and not a specific point; MPC leaves interest rates on hold
European banking and capital markets union would foster growth – Draghi
More integrated financial markets can contribute to higher productivity growth, says ECB president
Norges Bank hikes for first time since 2011
Rate path slightly lower than before due to weak wage growth and high private debt
US growth remains solid in Q3 – Atlanta Fed
Real-time GDP estimation signals 4.4% growth in current quarter
IMF pessimistic over UK’s post-Brexit future
The larger the impediments to trade in the new relationship, the costlier it will be, IMF head says
ECB should enhance forward guidance during normalisation – Cœuré
Executive board member thinks changing economic phase and QE unwinding require more communication
Riksbank focused on falling krona, weak inflation and instability – minutes
Executive board said it intends to increase rates by 25 basis points in December or February
Protectionism main source of uncertainty for global economy – Draghi
ECB keeps rates unchanged and reaffirms QE programme will end in December 2018
Book notes: The other half of macroeconomics, by Richard Koo
Richard Koo questions whether central bank policy can work during a balance sheet recession, writes Graham Bannock
Brainard sees room for continued tightening over next two years
But some economists expect growth to slow over the coming year
Denmark should avoid fiscal stimulus to preserve balanced recovery – central bank
Government should be ready to tighten public spending to prevent the economy from overheating
Long-termism is necessary for a stable future – RBNZ’s Orr
Contemporary societies face challenges demanding focus on sustainable development, says governor
Fed’s Rosengren sees less room to tackle next recession
Fiscal, monetary and regulatory buffers are not as high as they should be, says Boston Fed president
An informed approach to banknote security and durability
De La Rue explains how its data consultancy service, DLR Analytics, allows central banks to ensure notes in circulation are secure and durable, and offers value for money in spite of increasingly prominent alternative payment solutions. By facilitating…
Riksbank says it will increase rates in December or February
Two board members call for earlier rate hike
RBA governor welcomes housing market slowdown
Lowe says slower credit growth is “positive”, as wider economy heats up
Carney warns no-deal Brexit would squeeze real income
Governor informs Treasury Committee of household “real income squeeze” in the event of a no-deal Brexit; Mervyn King calls government’s Brexit preparations “incompetent”
Supervisory lessons: management traits of problem banks
Former Bank of Spain head of supervision Aristóbulo de Juan highlights the lessons he has learnt about the management of problem banks and how to stop dangerous activities before they take hold – in the first of a four-part series on supervision
BIS paper weighs economic impact of macro-prudential policy
Cutting the LTV ratio leads to reduced output in emerging markets, authors find
Thailand’s macroeconomic policy at a ‘turning point’ – Santiprabhob
Policy will have to evolve to support the economy rather than stimulate it, governor says