Inflation
Bank of Canada Review, Spring 2002
RESEARCH - The Bank of Canada Review is a quarterly publication that contains economic commentary and feature articles. The Spring 2002 edition was released on 16 May.
Outgoing MPC member criticises B of E rates record
UK - The Bank of England would have delivered a significantly more impressive performance on both growth and inflation if interest rates had been kept lower over the past few years, according to research carried out by Sushil Wadhwani, a soon to depart…
Strong appeal
FEATURE - An emotional day yesterday for Ian Plenderleith - by Bank of England standards at least. The outgoing head of financial market operations has always been taciturn when helping to unveil the inflation report, reports Thursday's Financial Times.
Brazil's central bank calms inflation fears
BRAZIL - Arminio Fraga, the president of the Brazilian central bank, on Friday sought to alleviate concern over accelerating inflation after the consumer price index posted a 0.8 per cent increase in April. This brings the increase in consumer prices…
Australia's reserve bank raises interest rates
AUSTRALIA - Australia's central bank has raised interest rates for the first time in almost two years in a bid to curb inflation and protect its booming economy.
St Louis Fed official on guard for inflation
US - St. Louis Federal Reserve President William Poole on Thursday warned that policymakers must be on guard and said low and stable inflation was key to keeping the current U.S. economic expansion strong and long-lasting.
Turkish c bank says it meets IMF monetary targets
TURKEY - Turkey's Central Bank said on Wednesday it had met monetary targets for March and April agreed under a $16 billion IMF lending package tasked with slashing inflation and raising growth.
ECB stands in contrast to Bank of England
FEATURE - Tuesday's London edition FT reports on the difficulties central banks can face in identifying and maintaining ideal inflation targets.
IMF official-Japan ought to adopt inflation target
JAPAN - The Bank of Japan needs to adopt an inflation target to stop price falls within 12-18 months, an International Monetary Fund official said Tuesday.
Money and Inflation in the Euro Area
RESEARCH - Paper by Stefan Gerlach of the Hong Kong Monetary Authority and Lars E.O Svensson of Princeton University, April 2002.
Zimbabwe to target money supply growth
ZIMBABWE - Concerted action aimed at curtailing monetary growth and increasing the output of goods and services in the economy is vital if a sustainable reduction in inflation to levels that promote investment and growth is to be achieved, warns the…
Speech by U Backstrom of Sveriges Riksbank, 17 Apr
SPEECH - In the speech 'Perspective on the inflation target' Backstrom said the Swedish economy may be close to, or even above, full resource utilisation noting this posed a risks to future inflation.
High resource use a worry for Sweden's c bank
SWEDEN - The Swedish economy may be running close to or even above full resource utilisation, the governor of Sweden's central bank, the Riksbank, said on Wednesday, adding this posed risks for inflation in the future.
UK inflation edges higher
UK - New figures have shown that UK inflation edged slightly higher in March.
Inflation Targeting and the Inflation Process
RESEARCH - Reserve Bank of Australia Research Discussion Paper - Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy by Guy Debelle and Jenny Wilkinson, Published in January 2002.
Asset Prices and Inflation Targeting
RESEARCH - Asset Prices on a Flexible Inflation Targeting Framework by Stephen G Cecchetti, Hans Genberg and Sushil Wadhwani, April 2002. Prepared for the conference on "Asset Price Bubbles: Implications for Monetary, Regulatory, and International…
ECB sees upturn but slower CPI decline
GERMANY - The European Central Bank on Thursday maintained its assessment that the euro zone economy was recovering but said high oil prices could lead to slightly higher inflation than predicted earlier this year.
Speech by Svein Gjedrem of Norges Bank, 20 Mar
SPEECH - "The effects of the global downturn on the activity level in Norway have been limited," Svein Gjedrem said in a speech prepared for ambassadors stationed in Norway. The speech was titled 'The inflation target and the floating krone: The…
Speech by L Heikensten, Sveriges Riksbank, 2 Apr
SPEECH - Heikensten said in a speech titled 'Growth effects of the new stabilisation policy regime' that Sweden's recent policy of pursuing low and stable inflation and steady economic policies has been important for improving the conditions for economic…
Energy prices expected to spur Brazil's inflation
BRAZIL - Strong energy prices are likely to drive Brazil's inflation higher than initially expected this year and next, the country's central bank said Wednesday.
Greek central bank sees eurozone CPI below 2 pct
GREECE - Greece's central bank expects a gradual recovery of economic activity in the eurozone this year with consumer inflation falling below 2.0 percent, governor Lucas Papademos said on Tuesday.
Monetary policy in a virtual economy, 27 March
FEATURE - The Reserve Bank launches a web-based monetary policy computer simulation game today whereby the player fights inflation by controlling interest rates in a virtual economy. You play the Governor of the central bank and failure to keep inflation…
Reserve Bank of New Zealand discussion papers
RESEARCH - Monetary policy and inflation forecasting with and without the output gap by Weshah Razzak, March 2002.
ECB's Issing says high Greek inflation "worrying"
GREECE - Greece's higher than eurozone average inflation is a "worrying development" that poses problems to Greek competitiveness, European Central Bank Chief Economist Otmar Issing said on Sunday.