Labour
BEAC governor clashes with political leaders over recruitment
Charges of nepotism follow dispute with Central African Republic over bitcoin
How central bank mistakes after 2019 led to inflation
Central banks must acknowledge their own mistakes and outline concrete steps to restore the public’s confidence in their ability to ensure price stability, write Graeme Wheeler and Bryce Wilkinson*
The case for restoring the role of monetary aggregates
Tim Congdon argues that a surge in money supply in response to Covid-19 sparked heightened inflation and central banks need to refocus their attention on monetary aggregates
Brazil central bank union ends strike
Months of industrial action fail to secure requested pay increase
Iran imposes restrictions on payments
Authorities cite risk of cyber attacks, but economy has also faced capital flight
Fed paper argues capitalism killed the Phillips curve
Shift in the balance of power between capital and labour likely to hold down inflation, authors find
Book notes: A full-value ruble, by Kristy Ironside
Soviet experience shows MMT worked, only with far more challenges and downsides than promoters envisioned
New Zealand’s inflation hits 30-year high
Labour shortages also affecting many businesses
BCB union suspends strike for two weeks
Brazil central bank workers reject 5% pay offer and will continue some labour protests
Tech talent: a global bottleneck for central banks?
Central banks are struggling to recruit people with the right fintech expertise. The search for talent may also create new ethical challenges in managing links to industry
Brazilian central bank strike escalates
Staff now out indefinitely, interfering with Pix and economic statistics
Fed’s Bostic: uncertainty is hallmark of current economy
Atlanta Fed chief sees myriad forces pushing up inflation, but warns Fed may still tighten too fast
UAE central bank to 'Emiratise' finance sector
Measure will reserve 5,000 jobs for nationals by 2026
Fed officials debate risks of a ‘hot economy’
Academics and policy-makers weigh up whether economy is now overheating
Change at the Bundesbank: from Weidmann to Nagel?
Joachim Nagel’s appointment highlights the importance of politics at the apex of German central banking. Veteran central bank watcher Klaus C Engelen looks at the media reaction and asks if Buba/ECB discord is set to continue
Union objects to Colombian central bank’s branch closures
Bank of the Republic is converting some regional offices to cultural centres, closing treasuries
Alternative data fuels central bank research
Important research areas include monetary transmission, exchange rates, digitisation, SMEs and climate change, against the backdrop of Covid
Pandemic spurred use of alternative data
Advanced and emerging market economies prioritise different applications
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another
How Turkey’s president created chaos in economic policy-making
Observers allege presidential domination of the central bank, unauthorised FX transactions and untrustworthy statistics
RBNZ continues tightening as inflation approaches 5%
Rising commodity and transport costs see central bank overshoot 2% inflation target
James Bullard on Fed policy, action and governance
St Louis president calls for tapering amid “exceptional” job market and risk of “more persistent” inflation, quantifies ‘big tent language’ for pioneering AIT move, and details Congress’s role in Fed ethics oversight
BoE cuts UK growth forecast
Inflation likely to stay above 4% for first half of 2022 amid supply constraints and energy squeeze – MPC
Book notes: How boards work, by Dambisa Moyo
Moyo offers insights into the skills required to be a valued board director, as well as a thought-provoking list of issues that may appear with greater frequency on future board agendas