Unemployment
BIS paper links Japan’s household debt to consumption behaviour
The researcher examines how Japanese household debt affects marginal propensity to consume
NZ parliament formally launches central bank review bill
The bill is now at the select committee stage, which usually takes around six months
ECB’s easing policies reduced inequality, paper says
Overall effects of monetary policy on income inequality are modest, paper finds
US expansion set to continue despite trade disputes – Powell
Protectionism may still negatively affect economy, Fed chair concedes
Fed signals solid growth in report to Congress
FOMC members support gradual normalisation of monetary policy
Weak US productivity behind low wage growth – IMF
Declining labour share of income is another contributing factor
BoE’s latest big data project targets labour mismatches
Eliminating regional mismatch could have prevented productivity shortfall, researchers find
Danish governor reflects on central bank’s legacy at 200th anniversary
Fixed exchange rate adopted in 1982 was a turning point, Rohde says
NY Fed paper: ‘replacement hiring’ affects productivity wage gap
Replacement hiring can explain much of the gap between wages and productivity, authors say
BoE should not ‘dally’ with next monetary policy move – McCafferty
In his last scheduled speech, the MPC member says a delay could force the central bank into a more “aggressive tightening”
Leading governors analyse evolving inflation-employment relationship
Powell, Draghi, Lowe and Kuroda assess causes keeping wage growth low across the world
Spain’s GDP growth set to decelerate – central bank
Waning monetary policy impact, higher oil prices and lower regional expansion behind deceleration
Good policy makes Phillips curve harder to identify – BoE’s Tenreyro
MPC member argues fears the Phillips curve has disappeared are “largely misplaced”
Labour supply elasticity may hamper wage growth – Riksbank’s Ohlsson
As economic demand rises it can be satisfied by a higher number of workers
Trump appears to pre-signal strong jobs data
US jobs report shows large increase in jobs and further drop in unemployment
FOMC members rarely change their preferences – paper
Researchers find policymakers tend to form their preferences early on in life
Technology is threatening living standards of low-skilled workers - Dallas Fed president
Millions of US workers are “having a hard time”, Kaplan says
Most FOMC participants say they may raise rates ‘soon’, minutes show
Data show US unemployment falling to lowest point since December 2000
Fed survey reports increased US economic prosperity
Inequality across ethnic groups, regions and educational levels remains a key economic factor
Bostic sees US economy close to jobs and inflation targets
Even with higher rates, the Fed president forecasts inflation “to run a bit above” 2% target
Slowdown of US growth is temporary, Dallas Fed says
Despite weaker growth in Q1, the labour market keeps tightening and demand is solid
Riksbank delays first hike on weak inflation
Repo rate expected to remain negative until late 2019
Swedish paper examines effects of business cycles on employment
Volatile business cycles cut the number of new jobs and employment, Riksbank paper says; analysis uses labour market search model to track effects
Few US low-wage workers progress in labour market – Fed research
Only 5% had a better job within one year, and the group is more likely to become unemployed