Inflation
Bank of Canada paper captures hot potato effect of inflation
Bank of Canada study finds evidence of hot potato effect in buyers’ spending patterns in response to higher inflation
Bank’s King adamant inflation will fall
Bank of England governor Mervyn King maintains inflation will drop towards target after Office for National Statistics reports largest rise in annual CPI since September 2008
National Bank of Poland paper forecasts inflation using survey data
National Bank of Poland study says consumer sentiment can be effectively eliminated from inflation expectations in survey data
RBI paper measures optimum inflation threshold
Reserve Bank of India study makes case for adoption of lower inflation target than current threshold level
IMF paper identifies source of inflation in Cemac nations
Fund study says inflation in Central African Economic and Monetary Community countries largely driven by global food and fuel prices
BoE injects £75 billion to save stalling economy
Bank of England Monetary Policy Committee votes for further round of quantitative easing; increases size of asset purchase programme to £275 billion
IMF paper incorporates financial sector risk in monetary policy models
Fund study examines risks of including financial stability indicators in monetary policy reaction models
Czech National Bank paper discusses how inflation targets are set
Czech National Bank study says historical macroeconomic characteristics are factored into officials’ decision to set the level of inflation targets
MPC member Broadbent discusses sterling depreciation
Ben Broadbent analyses the cause and consequences of the sterling’s depreciation between 2007 and 2008
Bank of Korea holds economic review meeting
Governor Kim Choongsoo meets with heads of institutions and scholars; domestic financial markets ‘overreacting’ to changes in external conditions
Philly Fed paper tests accuracy of Phillips curve in forecasting inflation
Philadelphia Federal Reserve study shows accuracy of Phillips curve models in forecasting inflation is highest during economic downturns
RBA holds rates as global uncertainty continues
Reserve Bank of Australia minutes shows policy board left rates on hold as international outlook became even more cloudy
The future of central banking: CB.com panel
Robert Pringle moderates a panel assessing the future of central banking in a post-financial crisis world
Clear central bank communication facilitates greater policy flexibility: IMF paper
Fund study shows clear central bank communication can reduce inflation and interest rate volatility
Step-up in rate hikes was warranted: RBI’s Mohanty
Reserve Bank of India executive director Deepak Mohanty says tighter monetary policy eased inflationary pressures
Riksbank paper investigates sectoral inflation
Working paper suggests flaws in past research on the topic
Botswana publishes mid-term review of the 2011 Monetary Policy Statement
Report shows inflation has been above target range in the first six months of the year
Rate hikes on hold for now: RBA’s Stevens
Reserve Bank of Australia governor Glenn Stevens says policy board will sit still on policy in spite of rising inflation
Inflation expectations consistent with expected utility theory: NY Fed paper
New York Federal Reserve study shows inflation expectations do affect agents’ economic decision-making process
BoE's Weale explains rate-raise vote change
Martin Weale explains decision to vote to hold rates; admonishes low UK savings records and discusses future monetary policy responses
Speculation intensifies over Bernanke's forthcoming Jackson Hole speech
Markets will be looking for signs of a third round of quantitative easing ahead of Fed chairman Ben Bernanke’s much anticipated speech at Jackson Hole, Wyoming, writes Blair Baker
PboC adviser calls for urgent reform in the West
People’s Bank of China adviser Li Daokui says Europe and the US must introduce further reforms to address their chronic economic problems
Tough policy choices ahead for Australia: RBA’s Battellino
Reserve Bank of Australia deputy governor Ric Battellino says higher inflation and lower-than-expected growth will make monetary policy more challenging
High markups can exacerbate downturns: IMF paper
Fund study finds evidence that high markups in South Africa creates monetary policy asymmetries