Economics
ECB’s González-Páramo cautions on fiscal burden
European Central Bank's José Manuel González-Páramo says fiscal exit strategies need to start alongside economic recovery
Estate agents do serve social role
Boston Federal Reserve looks at the conflict of interest between a seller of a house and a real-estate agent
A model for an economy's target value of assets
Centre for Economic Policy Research investigates global imbalances
UN agency calls for global monetary reform
UNCTAD says capital controls needed to curb financial excess, dollar’s role as global reserve currency “increasingly challenged”
Greenspan blames “human nature” for crunch
Former Federal Reserve chairman Alan Greenspan sceptical that another crisis can be avoided until humans learn to accept cyclical nature of capitalism
ECB’s González-Páramo questions market rally
European Central Bank executive board member takes unusual step of commenting on market prices, hints degree of optimism unwarranted
Banque de France review offers regulatory preview
Report features contributions from Jaime Caruana, Claudio Borio, Sheila Bair and Nout Wellink
Shirakawa cites balance-sheet adjustment as key
Bank of Japan governor Masaaki Shirakawa says balance-sheet adjustments in US and Europe are becoming more important as risk of collapse abates
Bank of Japan – Annual Review 2009
Review shows balance sheet expanded by almost 10%
Macao links China and Portuguese-speaking countries – Teng
Monetary Authority of Macao’s Anselmo Teng says the country is an important economic link between China and Portuguese-speaking countries
Watch demand-type shocks in move to peg
Czech National Bank economist says monetary policy should pay attention to demand-type shocks when moving to an fixed-exchange-rate-peg regime
Turkey can do without Fund’s loans – Yilmaz
Central Bank of Turkey’s Durmus Yilmaz says improving balance of payments means it may not need IMF loans in the future
PBOC’s Su in Taiwan for bill-financing talks
Su Ning, a deputy governor of the People’s Bank of China (PBOC), visits Taiwan to discuss the development of bill financing markets
Responding to oil price shocks
San Francisco Federal Reserve research investigates how monetary authorities should react to oil price shocks
How financial markets in Africa develop
International Monetary Fund research makes an empirical examination of the determinants of financial market in Africa, looking particularly at banking systems and stock markets
Productivity in Chinese provinces
Bank of Finland research goes in search of innovation-driven gains in Chinese provinces
Bleak new outlook from Eichengreen and O'Rourke
Respected economists still find few green shoots
Modelling the labour market
Research published by the Bank of England reviews recent approaches to modelling the labour market and their implications for inflation dynamics
Recovery from recession analysed
International Monetary Fund research posits speed of recovery from recession can be influenced by stimulus
Rethinking decoupling
The decoupling hypothesis has been one of the casualties of the crisis, Martina Horáková argues
Towards new microfoundations for macro
Marcus Miller surveys the challenges facing modern macroeconomics, and suggests ideas whose time may have come.
More dismal than ever
Macroeconomics is in crisis, but central banks can help improve the state of the art, argues Malan Rietveld
Outlook positive for Lucky Country
Australia's CB governor positive on economy going into 2010
Mixed outlook for Kiwis
Reserve Bank of New Zealand governor admits recovery has "an awful long way to go"