Inflation
NBER paper on optimal monetary policy
An NBER research paper on optimal monetary policy concludes that, in the presence of price stickiness, policymakers should focus their efforts actions towards low inflation volatility.
Japan's inflation lower than expected
Japanese core CPI for July showed a smaller than expected rise in inflation of 0.2% year on year.
Czech central bank holds rates
Thursday's meeting of the Czech National Bank's governing board ended with rates being held at 2.25%, a spokeswoman said.
Governor Hou criticises politicians' pay rise
The governor of the central bank of the Solomon Islands, Rick Hou, has criticised the timing of a recent pay rise awarded to local politicians.
Macfarlane says world can cope with oil shocks
The world economy is surprisingly good at absorbing price pressures from rising oil prices, said Ian Macfarlane, the outgoing governor of Australia's central bank.
Korea changes inflation target measure
Korea will target a new measure of inflation for 2007-2009, the central bank has said.
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.
Stagflation in Iraq - central bank
Iraq's central bank sounded a warning as inflation and unemployment hit high levels.
Chicago Fed reviews explicit inflation targeting
The Federal Reserve Bank of Chicago president and CEO, Michael Moskow, considers whether the Fed should now adopt explicit numerical guidelines or targets for inflation.
IMF report on US inflation dynamics
The latest issue of the IMF survey has a short article on what drives inflation dynamics in the US.
The new dilemma facing central banks
Central bankers have been praised for low inflation but how much credit do they deserve? As the global economy takes a turn for the worse, we will soon find out says John Nugee
StatsCan miscount adds up to doubts
Following the revelation that Statistics Canada has miscalculated inflation numbers, this article from The Canadian Press, published Thursday 17 August, says experts are now questioning another of the agency's reports.
Inflation targeting can boost stability-Bank paper
This article from Reuters, published Thursday 17 August, takes a look at the recent research paper from the Bank of England, co-authored by governor Mervyn King.
BoE paper on the danger of inflating expectations
According to the Bank of England Working Paper "The danger of inflating expectations of macroeconomic stability: heuristic switching in an overlapping generations monetary model" the volatility of inflation and output has fallen in most advanced…
Romanian central bank confident of inflation drop
The Romanian central bank said Wednesday 16 August it is confident of a drop in inflation, while promising to maintain its cautious approach to monetary policy, guarding against the possibility of inflation rising again.
Bank of England drafts first 'Dear Gordon' note
This recent article from Bloomberg presents a fictional letter to UK chancellor Gordon Brown written by Mervyn King in the future explaining why the Bank of England exceeded its inflation target by more than 1 percent.
San Francisco Fed's Economic Letter
The Federal Reserve Bank of San Francisco's Economic Letter "Would an inflation target help anchor U.S. inflation expectations?" published Friday 11 August says countries with explicit inflation targets have done a better job at anchoring inflation…
Report says US considering inflation gauge change
The US Bureau of Labor Statistics is contemplating a change in the consumer price index that may have an impact on how markets and policymakers interpret inflation data, the Wall Street Journal reported on Monday 14 August, citing a government official.
Zimbabwe's Gono warns of 'inflation dragon'
Reserve Bank of Zimbabwe chief Gideon Gono urged Friday 11 August a fight against the "inflation dragon," saying it still posed a major threat to the economy although the rate has fallen back to just under 1 000% recently.
ECB Monthly Bulletin, August 2006
The European Central Bank published its August 2006 Monthly Bulletin on Thursday 10 August. In the report the ECB said it will raise interest rates further to contain inflation if the eurozone economy develops as it expects.
Bank of England Inflation Report, August 2006
The Bank of England published its August 2006 Inflation Report on 9 August. In the report the Bank said its expected profile for growth and inflation over the next two years was higher than in May.
Zeti says guidelines for takaful operators soon
The guidelines set for takaful operators in Malaysia will be issued "soon," according to Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
Is King readying his pen reluctantly or eagerly?
The UK press has jumped on the admission by Mervyn King that he might soon have to write a letter to the chancellor if inflation climbs above the 3% limit, but such a letter would not be the admission of failure that many imply.
Mishkin sees benefits in inflation target range
According to this article by Reuters, published Wednesday 2 August, a new study by incoming Federal Reserve governor Frederic Mishkin says inflation target ranges can help central banks sidestep political pressure to let prices rise and achieve low…