Inflation targeting
Fed to review monetary policy framework
Reassessment of the framework has been long sought-after among some Fed officials
IMF concerned over Iceland’s inflation metrics
Inflation excluding housing near 60-year low for 2017, IMF reports
RBNZ makes major changes to leadership structure
Central bank to be headed by a senior leadership team
Can central bank revamp help Tunisia remain a ‘public good’?
Central Bank of Tunisia moves to modernise, but faces tough times ahead
Central Bank of Azerbaijan cuts main rate as inflation slides
Inflation has run well below target in 2018, prompting the fourth rate cut of 2018
Jamaican finance minister clears a path for central bank independence
Legislative move a “big and important step”, says Bank of Jamaica's governor Brian Wynter
Former Fed chair laments US disarray
“How can you run a democracy when nobody believes in the leadership of the country?”, Paul Volcker asks
Not raising rates could hurt credibility – Mexican board member
Bank of Mexico publishes committee votes in attempt to improve transparency
Inflation expected to reach 10% in Malawi
Rising electricity, food and fuel prices forces inflation well beyond central bank target
New Zealand Treasury secretary to attend monetary policy meetings
RBNZ’s amendment bill set to create a permanent observer position for the Treasury
Paraguay central bank bids farewell to Valdovinos as Sienra takes helm
Administration change prompts Valdovinos’s exit from the central bank after five years of service
Argentina adopts floating exchange rate regime to tackle peso crisis
IMF extends running standby arrangement to $57.1 billion
Norges Bank hikes for first time since 2011
Rate path slightly lower than before due to weak wage growth and high private debt
BoJ sticks to upbeat message despite dissent
Policy remains on hold as inflation continues to disappoint; Kataoka questions positive message
Boston Fed economists call for monetary policy evaluations
Effective lower bound and reduced ability to stabilise the economy warrant a rethink of the monetary policy framework, economists say
ECB should enhance forward guidance during normalisation – Cœuré
Executive board member thinks changing economic phase and QE unwinding require more communication
Yellen says Fed should begin forward guidance now
Action now could have equivalent impact to negative rates, says former Fed chair
New Zealand to open next phase of RBNZ act review
Labour government to review case for separating prudential supervision from the central bank
Long-termism is necessary for a stable future – RBNZ’s Orr
Contemporary societies face challenges demanding focus on sustainable development, says governor
Inattention helps explain flat Phillips curve – Fed paper
Inflation may be less sensitive to shocks because people are not paying attention, authors say
Powell warns not all US problems can be solved by Fed
Fed chair implicitly defends monetary policy in face of Trump’s attacks
Brian Wynter on Jamaica’s inflation-targeting transition
Jamaican governor says the end of fiscal dominance plus the creation of a two-way forex market and an effective interest rate policy mechanism essential for “full-fledged” inflation target
Book notes: Till Time’s Last Sand, by David Kynaston
Kynaston allows readers to develop their own understanding of how the BoE has had to refind its place in a country where the political system has migrated from commercial republic to full-franchise democracy
‘Bernanke targeting’ may outperform Taylor rule – Fed paper
Paper tests Ben Bernanke’s proposal for temporary price level targets