Inflation
Price volatility lower in inflation-targeting countries
Reserve Bank of Australia compares inflation volatility in inflation-targeting and non-inflation-targeting countries
Restoring normality to the financial system
John Nugée identifies six key areas that central banks need to consider in attempting to establish the new normal
Negative interest rates for the euro area?
Recent Taylor rule studies have suggested the Fed should have negative interest rates. Janko Gorter, Jan Jacobs and Jakob de Haan investigate the same question for the euro area.
A trans-Tasman comparison
Rodney Dickens argues that the New Zealand central bank is reverting to bad old habits.
Iceland cuts rates on krona strength
The Central Bank of Iceland shears rates and hints at further reductions as the krona regains stability
Ireland on how to make better forecasts
Central Bank and Financial Services Authority of Ireland looks at whether modelling structural change improves macroeconomic forecasting
European Commission optimistic on recovery
Autumn forecast for 2009-2011 suggests gradual recovery
IMF upbeat on Hong Kong
GDP predicted to grow 5% next year after 2% contraction in 2009, says IMF
No “urgency” to exit as Kiwis hold rates
Decision to stay at record low reflects recovery
Rand strength undesirable: SA finance minister
Pravin Gordhan, South Africa’s Minister of Finance says the government will aid the central bank building reserves
Strong Canadian dollar “threat to growth”
Mark Carney, governor of the Bank of Canada, says currency intervention is ineffective without supporting policies
Turkey revises inflation forecast downwards
The Central Bank of Turkey’s quarterly Inflation Report shows significant reduction in inflation rate
QE has boosted broad money: Bank
Bank of England’s Monetary Policy Committee unanimous in decision to keep the bank rate and the asset purchase programme unchanged
Central Bank of Barbados – 2008 Annual Report
Worsening economic conditions contributed to a decline in growth; tourism and manufacturing affected
Communications research key: Fed’s Kohn
Fed vice chairman reviews development of monetary policy literature, pointing out successes and areas where further work is needed
Sri Lanka holds rates steady
Central Bank of Sri Lanka continues policy of gradual easing of credit conditions
Cautious MAS maintains zero appreciation policy
The Monetary Authority of Singapore pledges to maintain its policy of zero appreciation [of the Singapore dollar’s nominal exchange rate] as confidence in global rebound wanes
Bernanke sets out tightening strategy
Fed Chairman outlines measures that can be taken to ease inflationary pressure
Bank of Canada: Business Outlook Survey
Canadian central bank’s autumn survey reveals that while conditions are improving, confidence remains fragile
Estonia to meet eurozone inflation target by end of 09
Baltic state “eager and willing” to fulfil Maastricht criteria, says central bank economist
Tips are good inflation hedge
Boston Federal Reserve says Tips hedge well against inflation risk
Fed will be ready for exit: Kohn
Donald Kohn, vice chairman of the Federal Reserve, says the central bank will be fully prepared to tighten expansionary policy
Wanted: paranoid and unpopular central bankers
Panel says central bankers must look for risk everywhere and be prepared to implement unpopular policies to prevent the next crisis
Central banks victims of their own inflation-fighting success
European Central Bank tests whether memories of high inflation affect public preferences about the importance attached to price stability