Recession
Services inflation must fall: Bank’s Sentance
BoE rate-setter Andrew Sentance says spike in goods inflation is increasing pressure for services inflation to be controlled
Big fiscal spending hurts post-crisis recovery: IMF
International Monetary Fund looks at whether there is a trade-off between committing large fiscal resources and a quick recovery
Canada's Wolf on housing sector
David Wolf, an adviser at the Bank of Canada, says housing is disproportionately important in the country
Bank of Finland Bulletin (December 2009)
The Finnish central bank acknowledges the weakness of the economic recovery and explains why the domestic economy has been particularly affected by the crisis
Fed’s Bullard: rates could stay on hold until 2012
President of St Louis Federal Reserve says rates would remain at record lows for next two-and-a-half years if behaviour after previous recessions is repeated
Output does not rebound, but recovers in the long run
A new working paper from the IMF argues that the absence of simultaneous banking and currency crisis and high levels of investment shore up output in the medium term
Spain should hold on tightening fiscal policy
R. Anton Braun, University of Tokyo, compares the current Spanish recession with Japan in the 1990s and looks at the impact of fiscal policy measures
Government criticises Bank of Japan for excessive optimism
Finance minister comments reveal split in outlook with central bank
China’s consumption key for crisis exit
International Monetary Fund says global recovery needs China and Japan to strengthen domestic consumption
Buba’s Zeitler: regulatory capital a key issue
Bundesbank’s Franz-Christoph Zeitler commends capital measures but warns implementation should not occur until after the crisis is at an end
Recovery from recession analysed
International Monetary Fund research posits speed of recovery from recession can be influenced by stimulus
Weber: German economy not standing on own feet yet
Bundesbank’s Axel Weber expects timid recovery in Germany
BoE's Sentance sees recession ending soon
Bank of England’s Andrew Sentance sees recovery in UK and global economies, with Asia at the forefront
France and Germany out of recession
Analysts taken by surprise as data show eurozone’s two largest economies returned to growth in the second quarter
Bank of Canada sees end to recession
Central bank brings forecast forward with positive third quarter predicted
Fed's Hoenig: regulatory reform can wait
The re-establishment and proper enforcement of rules that have proven effective over time will do more to enhance regulation than a major revamp of the regulatory code, said Thomas Hoenig, the president of the Kansas City Federal Reserve.
SARB cuts in face of recession
The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Banking crises bring longer downturns
Financial turmoil characterised by banking distress is more likely to result in severe and protracted downturns than crises caused by volatility in securities or foreign exchange markets, new research from the International Monetary Fund posits.
Minneapolis Fed puts downturn in perspective
The Minneapolis Federal Reserve has produced a series of charts comparing the current recession with other downturns in the United States in the post-war period.
Fed's Yellen: recovery will not be V-shaped
The recession will end in the second half of this year, but it will not be a V-shaped recovery, said Janet Yellen, the president of the San Francisco Federal Reserve.
Norway cuts to a record low
Norges Bank on Wednesday cut its key rate by half a point to an all-time low of 1.5% on signs that the global recession was having an adverse impact on the domestic economy.
Fed's Lacker sees end of year recovery
Jeffrey Lacker, the president of the Richmond Federal Reserve, expects the recession to end later this year.
Canada suffers record contraction
Canada's GDP contracted by an annualised rate of 7.3% in the first quarter of 2009, the fastest rate on record, according to the Bank of Canada.