Economics
Bank’s Tucker: crisis shames us all
Bank of England deputy governor Paul Tucker says financial crisis was worst moment in officials’ lives
Riksbank on its econometric model Moses
Riksbank study documents simulations using central bank’s econometric model Moses
Namibia’s Shiimi on economic equality
Bank of Namibia governor Ipumbu Shiimi says financial inclusion will aid more equality in growth
Bundesbank slams idea of using ESM to buy government debt
Bundesbank says using enlarged European Stability Mechanism to buy government bonds of troubled countries will place more burden on taxpayers
Rebalancing growth in Asia: IMF paper
Fund study examines case for rebalancing growth in Asia through investment-oriented policies
Inflation may hit 5%, but we couldn’t have done it different: King
Bank of England’s Inflation Report says inflation will likely soar further; medium term outlook shifts slightly as spare capacity margin revised downwards
High US unemployment suggests greater search frictions: Nobel Prizewinner Pissarides
London School of Economics professor says fact that rising vacancies have failed to temper unemployment signifies “something wrong” in labour market
PBoC to lend to drought-wracked agricultural sector
People’s Bank of China says it will lend for agricultural purchases and drought relief to stymie effects of continuing drought
Basel surveys literature on links between finance and real economy
Basel Committee on Banking Supervision’s Research Task Force identifies three transmission channels between financial sector and real economy
Inflation benefits poor, hurts rich: Central Bank of Chile paper
Central Bank of Chile study shows contrary to conventional wisdom inflation has negative affects on welfare of rich but benefits the poor
Reserve Bank of India Bulletin (February 2011)
Reserve Bank of India monthly bulletin says current account deficit widened in third quarter of 2010 due to decline in terms of trade
Public perception of economy gloomy: BoJ survey
Bank of Japan 44th opinion survey on the general public's views and behaviour shows public believe economic conditions are worsening
Fed’s Raskin urges lenders to put housing market before profits
Federal Reserve Board member Sarah Raskin calls on mortgage service providers to take moral “high road” and place recovery in housing market before profits
RBA’s Stevens flags impact of flood on terms of trade
Reserve Bank of Australia governor Glenn Stevens says country building up capacity in iron ore, natural gas and coal
Bernanke calls for fiscal retrenchment
Federal Reserve chairman Ben Bernanke calls on government to ease debt burden from health care and ageing population
Households contributing to recovery: Richmond Fed's Lacker
Richmond Federal Reserve president Jeffrey Lacker says pick-up in consumer spending an indication economic outlook is bright
Ex-Bank economists parry fears of wage-price spiral
Upsurge in inflation will not pass through into wages, economists at Fathom Consulting believe
Tackling fiscal deficit a priority: Shirakawa
Bank of Japan governor Masaaki Shirakawa says Tokyo must not allow fiscal deficit imbalance to persist just because it has not yet been punished in bond markets
Economics must be more practical: Barbados’s Worrell
Central Bank of Barbados governor DeLisle Worrell calls for more practical approach in economic literature
Bank of Finland reforms research unit
Bank of Finland takes on permanent research staff as part of change in internal research unit
Unemployment rate will take several years to normalise: Bernanke
Federal Reserve chairman Ben Bernanke expects unemployment rate to take several years to return to normal levels
Commercial real-estate levelling off: Fed director
Federal Reserve’s director of banking supervision and regulation Patrick Parkinson strikes cautiously optimistic note on health of commercial real estate sector
Canada’s Macklem calls on firms to raise investment
Bank of Canada senior deputy governor Tiff Macklem says Canadian businesses will need to up their investment spending to compete in global market