Growth
IMF paper relates fiscal consolidation and growth
Paper discusses relationship between fiscal consolidation and short- and long-run growth; warns that rapid consolidation can be harmful
Lagarde offers views on globalisation
Christine Lagarde discusses global connections and the future; takes feminist line in speech to graduating students
Bank Negara Malaysia reports slower economic growth
Overview of economy shows growth fell to 4.7% in Malaysia in the first quarter of 2012; domestic demand stays strong but export market slows
BoE minutes reveal ‘finely balanced’ decision on QE in UK
Minutes from May meeting of Bank of England’s Monetary Policy Committee show uncertainty among policy-makers over the decision to leave asset purchase programme at its current level
OECD laments fragile, uneven global recovery
Economic Outlook predicts slower GDP growth across OECD countries in 2012; discusses delicate recovery around the world
RBI paper considers monetary transmission in India
Reserve Bank of India working paper focuses on operation of monetary transmission mechanism in India; demonstrates significant causal effect of rate changes
BoE paper studies forecasting models
Working paper from Bank of England compares models with time-varying parameters in forecasting UK GDP growth, inflation and interest rates under structural change
Philadelphia Fed reports slowing manufacturing growth
Federal Reserve Bank of Philadelphia releases May 2012 Business Outlook Survey; finds slower manufacturing growth
IMF paper analyses situation in Togo
Researchers evaluate public investment surges, growth and debt sustainability in Togo; find very large increase in public investment would have positive macroeconomic effects in the long-run
BoE’s King says eurozone is ‘tearing itself apart’
Latest Inflation Report from the Bank of England lowers growth estimates for the economy; King says situation in eurozone continues to put pressure on the UK
RBA minutes note ‘fragile’ global picture
Reserve Bank of Australia board discussed “fragile” sentiment surrounding global economic recovery and slow domestic growth when making most recent monetary policy decision
Central Bank of Cyprus governor warns austerity is not enough
Panicos Demetriades calls on government to work alongside the central bank in getting the economy back on track; acknowledges impact the crisis in Greece is having on Cyprus
Lagarde hails Turkish reform success
Christine Lagarde completes first visit to Turkey since taking over as managing director at the IMF; praises progress in the country but says economy is now at "critical" juncture
Differing growth predictions demonstrate uneven global recovery
European Commission estimates 0.3% contraction for eurozone GDP; Lithuania and Thailand meanwhile revise growth estimates upwards
MAS assistant managing director discusses importance of market research
Jacqueline Loh highlights benefits of increased financial research for Asian economies; says risks associated with investing in Asia can be mitigated by enhanced information-gathering
Fed's Plosser looks beyond government intervention to generate growth
Philadelphia Fed president urges communities seeking economic growth to look beyond government initiatives
Reserve Bank of New Zealand to release latest Basel III proposals
Deputy governor of Reserve Bank of New Zealand says central bank will shortly submit its latest Basel III proposals; continuing fears over global economy highlighted in Financial Stability Report
New deputy governor notes increasing Swedish economic dependency
Kerstin af Jochnick describes points of importance relating to monetary policy and financial stability; highlights growing dependency of Sweden on events abroad
Lagarde calls for ‘gradual’ austerity moves
Lagarde calls for gradual and country-specific approach to austerity; says supply-side measures needed to achieve sustainable growth
Canada's Murray dispels 'popular misconceptions' about monetary policy
Bank of Canada deputy governor discusses ‘popular misconceptions’ concerning monetary policy formation
Zeti outlines key factors in ensuring sustainable growth in Asia
Zeti Akhtar Aziz discusses factors important in ensuring sustainable growth and stability in Asia
Asian central banks urged to keep interest rates on hold
Chief economist of the Asian Development Bank urges caution from policy-makers regarding interest rates; says impact of eurozone bank deleveraging already incorporated into ADB’s growth forecasts
RBA fears downturn in Asia due to euro area contagion
Reserve Bank of Australia expresses fears about potential contagion from Europe hitting export markets in Asia
Draghi calls for growth to top the agenda for eurozone
ECB president Mario Draghi calls for 'growth compact' to complement fiscal compact in eurozone; says individual countries need to meet responsibilities on fiscal consolidation