Economics
NY Fed paper identifies illiquidity issues in Tips market
New York Federal Reserve study says benefits of inflation-protected Treasury securities are not being fully reaped
BoJ’s Shirakawa urges immediate labour market reforms
Bank of Japan governor Masaaki Shirakawa warns against delaying policies to improve labour productivity in Japan
Rise in terms of trade not always inflationary: RBA paper
Reserve Bank of Australia study says floating exchange rates act as an important buffer to external shocks that influence terms of trade
Japanese business conditions improved slightly: BoJ survey
Bank of Japan Tankan survey shows Japanese companies believe business conditions in non-manufacturing sector were more favourable during fourth quarter of 2011
Employment protection can amplify business cycles: IMF paper
Fund study shows lower firing costs can reduce output volatility in emerging markets during recessions
Disagreement on economic outlook influences growth regimes: ECB paper
European Central Bank study shows switch between high-, medium-, or low-growth regimes affected by level of agreement between economic agents
Norges Bank regional network reports weakening markets
Latest reports from regional network of enterprises, organisations and local authorities reveal lower output growth and somewhat weaker market prospects in Norway
Microenterprise development crucial to economic development: RBI’s Chakrabarty
Reserve Bank of India deputy governor, KC Chakrabarty talks about the importance of microenterprise development for progressing India’s economy
Chinese labour costs contributed to US job losses: Fed paper
Federal Reserve study says decline in US manufacturing employment was largely attributable to relatively low investment and slow growth in the US, rather than China's competitive labour market
Fed paper details highs and lows in Spanish economic activity
Researchers point to change between 2007 and 2011 as one of the worst in Spanish economic history
Inelastic demand and supply explain oil volatility: Bank of Canada paper
Bank of Canada study shows decline in price elasticity raised oil price and reduced oil production volatility
Households hedge labour risk: Riksbank paper
Riksbank study shows households hedge labour income risk in more volatile jobs market
RBI’s Subbarao discusses how to promote growth in India
Reserve Bank of India governor Duvvuri Subbarao says country needs to introduce several policies to boost growth and live up to image as regional giant
How to make the most of forecasts: RBA’s Stevens
Reserve Bank of Australia governor Glenn Stevens says an element of judgement must be exercised when interpreting economic forecasts
Central Bank of Brazil paper addresses exchange rate puzzle in emerging market economies
Central Bank of Brazil study says contraction in monetary policy does not always lead to an appreciation in the domestic currency
RBNZ paper tests performance of house price forecasts
Reserve Bank of New Zealand tests the central bank’s forecasting model against a series of house price models
IMF paper finds large Brics spillover effect on low-income countries
Fund study shows Brics growth helped alleviate impact of financial crisis on low-income countries
Debelle questions shift towards secured funding
Reserve Bank of Australia assistant governor Guy Debelle says rise in secured lending is not sustainable for financial markets
Bank relationships diminish risk of default: ECB paper
European Central Bank study shows building a relationship with a bank reduces the risk of customers defaulting on their loans
BoJ sees moderation in growth ahead
Bank of Japan November Report of Recent Economic and Financial Developments shows slowdown in global demand is expected to moderate pace of growth in Japan
Barbados's Worrell calls for new approach to modelling economies
Central Bank of Barbados governor DeLisle Worrell says central banks need to build models that capture the essence of their economies
Bank of Israel paper on increasing Palestinian employment
Bank of Israel study quantifies effects of an increase in work permits to the Palestinian labour force
Interest rate growth differentials matter for debt sustainability: IMF paper
Fund study says low values of interest rate growth differential in non-advanced economies provide strong support for debt sustainability
Negative equity has large impact on household mobility: NY Fed paper
New York Federal Reserve study says households in negative equity are far less likely to relocate than most homeowners