Inflation
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.
Weber sees inflation risks despite oil price fall
Germany's Bundesbank president Axel Weber said Thursday 28 September the eurozone still faces inflation risks despite the recent dip in oil 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.
Ex-Fed chief Volcker sees inflation creep risks
Former Federal Reserve chairman Paul Volcker said Monday 25 September that he is worried both about inflation and pressure on the U.S. central bank to not do anything 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.
Liikanen warns of need for inflation vigilance
European Central Bank governing council member Erkki Liikanen said in a speech on Friday 22 September that vigilance was required on inflation despite a sharp fall in oil prices.
SARB rejects IMF inflation-target suggestion
The government and the South African Reserve Bank have asked the International Monetary Fund (IMF) to stop making policy suggestions that sound prescriptive, South African Reserve Bank Governor Tito Mboweni said on Friday 22 September.
Richmond Fed's Economic Quarterly, Summer 2006
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Summer 2006. The latest issue includes the article 'Inflation uncertainty and the recent low level of the long bond rate'.
SARB's Mboweni warns rates may have to rise
South Africa's central bank warned on Thursday 21 September that a large deficit on the country's current account could force interest rates higher.
BoE minutes show inflation concerns worry MPC
Bank of England Monetary Policy Committee members said in minutes released Wednesday 20 September that inflation is likely to speed-up and growth will stay around the long-term average.
Bank of England Inflation Attitudes Survey, Sep 06
The Bank of England published its September 2006 Inflation Attitudes Survey on Monday 18 September. Britons' expectations of future inflation steadied in August, but were still way above the Bank of England's 2.0 percent inflation target.
ECB's Liikanen sees 'challenge' to cut inflation
Bringing eurozone inflation back down to the European Central Bank's target level of 2 pct or lower will be "a challenge", even over the medium term, said ECB governing council member Erkki Liikanen in an interview published Tuesday 19 September.
Sweden's Rosenberg on monetary policy in Sweden
In the speech 'Monetary policy in Sweden' given on 18 September Irma Rosenberg of the Sveriges Riksbank said prospects for economic activity and inflation indicate that less expansionary monetary policy is called for in future.
Gonzalez-Paramo says ECB 'strongly vigilant'
European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said on Monday 18 September that eurozone interest rates were low and the ECB was strongly vigilant over risks to inflation.
Fed panel to discuss targets for inflation
According to this article published on the International Herald Tribune's site Monday 18 September, Ben Bernanke is stepping up his push for an inflation target at the Federal Reserve.
Dallas' Rosenblum on inflation rate measure
In the speech 'The trimmed mean PCE inflation rate: A fitter, trimmer core measure' given on 10 September Harvey Rosenblum of the Federal Reserve Bank of Dallas said the Federal Reserve should move away from using inflation measures that exclude food and…
SF Fed's Yellen says rates may have to go up
Federal Reserve Bank of San Francisco President Janet Yellen reiterated Tuesday 12 September her concerns about inflation, and again said now is a time for policy makers to gauge how past interest-rate hikes are affecting the economy.
Boston Fed's Minehan on the US economy
In a speech given on 11 September Cathy Minehan of the Federal Reserve Bank of Boston said the risks of both slower economic growth and higher inflation have grown this summer, complicating the job of monetary policy makers.
St Louis Fed's Poole on the monetary policy model
In the speech 'The monetary policy model' given on 11 September William Poole of the Federal Reserve Bank of St. Louis said the U.S. central bank could do a better job of explaining its policy aims.
ECB's Stark says inflation expectations may rise
European Central Bank executive board member Juergen Stark said in an interview he sees a risk that inflation expectations will rise if the market thinks the ECB is tolerating an inflation rate above 2 pct.
Cleveland's Pianalto on inflation and expectations
In the speech 'Inflation, Inflation Expectations, and Monetary Policy' given on 8 September Sandra Pianalto of the Federal Reserve Bank of Cleveland said low and stable inflation expectations provided some comfort that a pause in August was not too risky…