Economics
ECB reveals dip in G-20 GDP growth
European Central Bank announces G-20 GDP growth slowed to 0.7% in the fourth quarter of 2011
MAS releases recent economic developments briefing
Monetary Authority of Singapore sets out recent economic developments in the country; reveals inflation prediction for 2012
BIS study looks at financial volatility prediction
Bank for International Settlements researchers investigate the prediction of financial volatility using economic variables
IMF’s Shinohara highlights Ethiopia’s economic challenges
Naoyuki Shinohara, deputy managing director of the IMF, says Ethiopia still has work to do on containing high inflation and raising savings, among other issues
RBI’s Khan discusses outward Indian FDI
Reserve Bank of India deputy governor speaks about globalisation and growing Indian outward foreign direct investment
Dutch central bank warns on budget deficit
Netherlands Bank says “highest priority” is required for restructuring of Dutch public finances
Use of behavioural finance will not stop next crisis, says CNB adviser
The use of behavioural economics in management decisions and supervisory models would not prevent a future crisis, says Czech National Bank adviser, Michal Skořepa
Raskin echoes Bernanke in discussing ‘modest’ recovery
Sarah Bloom Raskin talks about slow recovery compared to historical cycles and the impact of accommodative policy on savers
ECB alters external communication policy
European Central Bank will no longer mass-produce hard copies of its Annual Report; document will be available online
Bank of Canada studies household finances and financial stability
Bank of Canada Review for winter 2011-12 examines recent research into rise in household debt and upward trend in house prices
NY Fed paper examines workforce skill across US
Staff paper finds different skill sets in different regions of the country; urban areas have more workers with ability to generate ideas and solve complex problems
Italy’s Visco issues call to action for banks
Governor of the Bank of Italy says banks must not “starve” the economy of credit; explains now is the time to intensify efforts to strengthen balance sheets
Bank of Portugal paper revisits asset pricing with a bank risk factor
Bank of Portugal research paper investigates how the banking sector influences the stock returns of non-financial firms
Bank of Japan adds to Tankan survey pool
Japanese central bank refreshes companies and financial institutions that make up the sample group for the influential survey; adds 102 enterprises and five financial institutions
Central Bank of Chile paper questions efficiency of forecasts
Research paper finds taking weighted averages of two competing forecasts can introduce inefficiencies
Central Bank of Ireland announces joint fellowship with Bruegel
Irish central bank announces joint fellowship with think-tank Bruegel; experienced candidates sought for research project
RBA’s Lowe offers views on economic path for 2012
Reserve Bank of Australia deputy governor sets out thoughts on the country's economic position in 2012
World Cup linked to declining trade volumes, says ECB paper
European Central Bank study shows distraction created by sporting event explains changes in volume of trades executed in financial markets during playing hours
Malaysia warns external environment could restrict growth
Bank Negara Malaysia fourth quarter report on economic and financial developments says strong domestic demand will drive growth in 2012 despite challenging external environment
Israel releases latest economic update
Inflation over whole of 2011 was 2.2%; country reached vicinity of full employment in the first half of last year
IMF paper explores importance of systemic emerging markets
Research paper finds differing results for impacts of trading partners' growth on low-income countries that are predominantly commodity exporters and those that are not
Japanese public offers opinions on economic conditions
Bank of Japan publishes results from most recent public opinion survey; many expect to see economic conditions worsen in next 12 months
Investors were ‘fooled by search’ in US housing, says Bank of Canada paper
Bank of Canada study says search frictions in the housing market contributed significantly to the housing bubble in the US over a decade
Brazil deputy governor positive about economic future
Aldo Mendes says Brazil is prepared to face global economic deterioration; expects to see final growth figure of 3% for 2011 announced soon