Monetary policy
What next for the BoJ’s unprecedented ETF experiment?
No other central bank has attempted such purchases, and exiting the policy may prove extremely challenging, says Sayuri Shirai
ECB should enhance forward guidance during normalisation – Cœuré
Executive board member thinks changing economic phase and QE unwinding require more communication
Market power can explain financial market anomalies – BIS paper
Market power of intermediaries can explain behaviour of risk premiums, authors find
Argentina to continue reducing stock of short-term debt
Lebac’s expansion thought to contribute to inflation
Riksbank focused on falling krona, weak inflation and instability – minutes
Executive board said it intends to increase rates by 25 basis points in December or February
Carney says UK prepared for multiple Brexit outcomes
The BoE’s stress tests have become more rigorous amid rising concerns of possible Brexit scenarios
A decade on: Lehman Brothers at the brink
On September 14, 2008, there remained hope that Lehman could be saved and a crisis averted. Events moved rapidly thereafter
Fed adviser sets out new equilibrium rate model
Long-term interest rates are more important for spending decisions, author claims
Bank of Russia becomes latest EM central bank to hike
Central bank cites effects of ruble depreciation as it raises policy rate
Erdoğan takes control of Turkey’s SWF
Fund was created in 2016 and holds assets of key national companies
BoE on hold as forecasts ‘broadly on track’
Future rate hikes likely if economy develops in line with projections
Protectionism main source of uncertainty for global economy – Draghi
ECB keeps rates unchanged and reaffirms QE programme will end in December 2018
Book notes: The other half of macroeconomics, by Richard Koo
Richard Koo questions whether central bank policy can work during a balance sheet recession, writes Graham Bannock
Lira rallies as CBRT hikes main rate
Currency stages modest recovery, as central bank follows through on promised action
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
Brainard sees room for continued tightening over next two years
But some economists expect growth to slow over the coming year
Denmark should avoid fiscal stimulus to preserve balanced recovery – central bank
Government should be ready to tighten public spending to prevent the economy from overheating
BCRA keeps policy rate on hold at 60%
Inflation likely to rise more in the months ahead before improving, committee says
Juan José Echavarría on Colombia’s path to sounder monetary and economic policy
The governor of the Central Bank of Colombia talks about policy efforts to promote stability, the importance of independent institutions and the implications of Venezuela’s economic collapse
Competition offsets higher costs and demand in Sweden
Somewhat weak inflation keeps rate-setters from increasing interest rates despite stronger growth
New Zealand to open next phase of RBNZ act review
Labour government to review case for separating prudential supervision from the central bank
T&T paper gauges exchange rate effects on import-reliant economies
Exchange rate pass-through to inflation is particularly relevant to economies that are heavily reliant on imported goods, authors say
Odds increasing for rate hike at September FOMC meeting
US economy is strong enough to merit a further rate increase, Richmond Fed president says
Fed’s Rosengren sees less room to tackle next recession
Fiscal, monetary and regulatory buffers are not as high as they should be, says Boston Fed president