Monetary policy
Norges Bank: discretionary policy as good as simple rule policy
Norges Bank paper shows that optimal monetary policy is equally as effective in conducting policies as a simple rule system.
Singapore in surprise tightening
Monetary Authority of Singapore raises centre of exchange rate band, says it will target modest currency appreciation
Fed to lose monetary affairs chief
Monetary affairs director Brian Madigan plans to retire later this year, he is succeeded by deputy director William English
Poland’s search to find new governor on hold for now
Warsaw remains in mourning over the death of 96 members of its political elite following a plane crash on Saturday morning, in which both President Lech Kaczynski and central bank governor Slawomir Skrzypek were killed
SF Fed: crisis showed simple policy rules more effective
San Francisico Fed paper reaffirms strength of simple policy guideline to monetary policy but stresses need for international framework
BoJ dissenters deemed measures "inappropriate"
Minutes show disagreements in Bank of Japan's top ranks as country returns to growth despite deep-seated problems
Greenspan deflects blame during heated testimony
Former Federal Reserve chairman Alan Greenspan defends record but accepts some criticism
Canadian balance sheet shrinks as liquidity programs expire
Bank of Canada reports a C$7.2 billion balance sheet contraction in 2009 as rebound in global economy reduces demand for central bank funds
RBNZ: inflation targeting no guarantee of stability
Reserve Bank of New Zealand Monthly Bulletin shows more than targeting inflation alone is needed to ensure macroeconomic stability
Richmond Fed appoints new head of supervision
Jennifer Burns succeeds Malcom Alfriend as senior vice-president at Richmond Fed
BoE study justifies interest-rate cuts
Bank of England research finds rate cuts warranted as risks of high rates outweigh the cost of short term inflation
Goodfriend: interest on reserves best exit policy
Marvin Goodfriend offers Congress advice on how to exit from the Fed’s accommodative stance without disrupting markets
Three academics join China’s Monetary Policy Committee
The People’s Bank of China calls on three scholars to join rate-setting board
Central banks, not debt will kill growth: economist
Independent economist Roger Nightingale charges that debt on its own is not incompatible with growth, but raising rates will kill growth
Lockhart: Fed inflation anchor under threat
Atlanta Fed’s Dennis Lockhart warns that inflation expectations may be dislodged as a result of accommodative Fed stance
RBA: price stickiness overstated in traditional models
Reserve Bank of Australia study shows New-Keynesian Phillips Curve overstates the degree of price stickiness in macro models.
Svensson: Riksbank needs to be more forceful
Riksbank deputy Lars Svensson explains Sweden’s response to crisis and draws on lessons for future
BOE paper: inflation co-movement linked to globalisation
New study into co-movement in inflation across industrialised countries links low-inflation rates to falling commodities prices
Fischer accepts second term at Bank of Israel
Bank of Israel governor agrees to stay on for further five years after new central bank law passes in the Knesset calling for Monetary Policy Committee
BoJ study: low rates not enough
Bank of Japan study shows that low interest rate commitment was insufficient in stimulating growth
BoE unanimously backed rate hold
The Bank keeps rates steady as the MPC remains cautious over the road to recovery
Bank’s Dale: QE a success
Spencer Dale discusses the merits of quantitative easing and its impact on the wider economy in the past year
Fischer offered second term: reports
Local media says premier Netanyahu has asked Bank of Israel governor Stanley Fischer to stay on
BoJ’s Nakamura declares ordinary policy tools redundant
In a high profile speech in Fukuoka last month, Bank of Japan’s Seiji Nakamura tells business leaders that ordinary channels of the transmission mechanism are not working