Inflation

BoE's Lomax does not see economic boom coming

Bank of England deputy governor Rachel Lomax said in an interview published Thursday 19 October that recent increases in UK house prices are not a sign that the UK is set for another boom in the economy.

Ito says Japan panel may discuss inflation target

Japan's key economic panel may discuss whether the Bank of Japan should adopt an inflation target to aid policy coordination with the government, new panel member Takatoshi Ito said Thursday 12 October in an interview.

BoE's Sentance worried on above target inflation

Bank of England rate setter Andrew Sentance, who joined the Monetary Policy Committee earlier this month, said Thursday 12 October the biggest upside risk to UK inflation is that above target consumer price inflation will fuel higher wage increases.

BoE's King on the UK economy

In a speech given on 10 October Mervyn King of the Bank of England said the chance of inflation exceeding three percent in the coming months has been reduced by the latest fall in oil prices.

ECB's Wellink says growth 'back on track'

European Central Bank governing council member Nout Wellink said on Thursday 5 October in Mexico that economic growth in the eurozone is "really coming back on track," but inflation risks remain on the upside.

Fed's Bernanke on demographics

In the speech 'The coming demographic transition: Will we treat future generations fairly?' given on 4 October Ben Bernanke of the Federal Reserve said a "substantial correction" is under way in the US housing market but it has not so far had a big…

Canada paper: macroeconomic effects of inflation

In the Bank of Canada Working Paper "The macroeconomic effects of non-zero trend inflation" the authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.

RBNZ paper on open economy inflation targeters

The Reserve Bank of New Zealand Discussion Paper "What do robust policies look like for open economy inflation targeters?" examines the role of the open economy in determining robust rules when the central bank fears various model misspecification errors.

Interview with Richmond Fed's Lacker

Federal Reserve Bank of Richmond President Jeffrey Lacker told Reuters in an interview on Wednesday 27 September the U.S. economy was on solid ground, but that inflation was still a worry.

A case for inflation targets in the US and Japan

This article published by the American Enterprise Institute on Wednesday 27 September says that the world's leading central banks are struggling with what is happening to prices in their respective countries, and what they should do and say about it.

IMF paper on asset market participation

The IMF Working Paper 'Asset market participation, monetary policy rules, and the Great Inflation' argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their…

Dallas Fed's Fisher on a primer on inflation

In the speech 'A primer on inflation' given on 30 August Richard Fisher of the Federal Reserve Bank of Dallas emphasized that the economy is at a "crossroads" and stressed that the Fed is focused on inflation.