Economics
IMF studies G-7 factors in global business cycles
IMF study examines impact of G-7 indicators in driving global business cycles
IMF: Historical debt stats will help plot growth strategy
IMF says its historical public debt database will help policymakers see the relationship between debt and growth; data goes as far back as 1791
China plans onshore renminbi cross-currency swap
Chinese corporates will now have access to onshore and offshore hedging markets
Israel’s Fischer optimistic on 2011 growth outlook
Bank of Israel governor Stanley Fischer hints central bank’s growth forecast might be revised upward in 2011
SNB’s Jordan: Switzerland can overcome economic challenges
Swiss National Bank governing board vice-chairman Thomas Jordan says Switzerland can master challenges brought on from economic crisis
Philly Fed reviews DSGE models
Philadelphia Federal Reserve study examines mis-specification of money-demand shocks in dynamic stochastic general equilibrium models
BIS reviews macroprudential literature
Literature review published by the Bank for International Settlements finds gaps in assessing the effectiveness of macroprudential tools, studying interaction with monetary policy
NY Fed’s Tracy: 'Great Recession' distinguished by severity
New York Federal Reserve executive vice-president Joseph Tracy says moniker of Great Recession attributed to severity not length of downturn
Carry-trade inflows open to vicious circles, say Shin, Plantin
Centre for Economic Policy Research study shows interaction between capital inflows and monetary policy might destabilise carry trade
Israel’s Eckstein on closing employment gap
Bank of Israel deputy governor Zvi Eckstein discusses policies to help improve employment of Israel’s Arab population
Bank of Canada paper on exposure of foreign shocks
Bank of Canada study examines Canadian economy’s exposure to global economic developments
Pakistan adopts wait-and-see tack despite high inflation
State Bank of Pakistan, buoyed by improvement in government borrowing, current account surplus, thwarts expectations of rate hike
Korea optimistic on course of recovery
Summary of discussion at Bank of Korea Economic Review meeting shows academics and government officials remained optimistic over country's growth prospects
Short-time programmes ease unemployment concerns: CEPR study
Centre for Economic Policy Research study says initiatives for short-time work programmes can help reduce unemployment during recessions
Basel III should aim higher on capital targets: Bank research
Discussion paper published by Bank of England and co-authored by external rate-setter David Miles suggests Basel III common equity requirements are too low
Recovery pausing, BoJ reports
Bank of Japan’s January 2011 Monthly Report of Recent Economic and Financial Developments says recovery in Japan is being slowed down by weak demand
Supply shocks are dictating inflation, King insists
Bank governor reiterates view that temporary events are keeping prices elevated, says development of second-round effects key to picture on underlying inflation; remarks divide analysts
Monetary policy impacts credit risk: CEPR paper
Centre for Economic Policy Research study examines impact of monetary policy on bank riskiness
IMF uneasy on nagging weakness of eurozone’s banks
Fund’s Global Financial Stability Report and World Economic Outlook updates show concern over insufficiency of eurozone stress tests, links between banking and sovereign risks
RBI hikes, saying inflation set to climb
Reserve Bank of India raises key rates by 25 basis points each while lifting baseline inflation projection 150 basis points; points to complex interplay of demand, supply side factors
Safe haven effects caused exchange rate swings: IMF paper
Fund study identifies source of exchange rate volatility during financial crisis
Zambia’s Fundanga optimistic about investment outlook
Bank of Zambia governor Caleb Fundanga says survey results indicate decline in foreign private investment to Zambia; new equity investment prospects more favourable
Bank of Canada – Monetary Policy Report (January 2011)
Bank of Canada January Monetary Policy Report expects export-led recovery to gain momentum in 2011
Richmond Fed’s Lacker on economic outlook for 2011
Richmond Federal Reserve president Jeffrey Lacker says recovery has emerged from soft patch and will grow above trend in 2011