Monetary Policy
Zimbabwe’s central bank struggles to stem bond note crash
Government economist claims central bank has resorted to printing money
Lower bound not a big constraint for the Fed – paper
Risks of Fed being constrained in the future are “greatly overstated”, author says
BIS paper finds trade-off in forward guidance
Forward guidance may deter economic growth, authors say
Israel keeps rates unchanged to support inflation
Central bank expects price rises to be below target in the coming months
Bank lawsuit pushes Fed to rethink monetary system
The Narrow Bank has the potential to alter how the Fed conducts monetary policy
‘Amazon effects’ impact pricing across economy – paper
Alberto Cavallo says online competition has changed pricing dynamics on- and offline
PBoC cuts RRR as markets plummet
Trade war fears trigger instability in Chinese markets
Central bank independence key to low and stable inflation – IMF
Domestic factors more important than global financial forces, researchers find
RBI holds policy rate steady despite growing imbalances
Rupee is under pressure and current account deficit widening, but inflation risks are still limited
Bank of Uganda hikes rates for first time since 2015
Rising oil prices and exchange rate volatility prompt central bank action
Powell downgrades Phillips curve importance
Unemployment forecasts are not too good to be true, Fed chairman argues
Williams softens stance on neutral rate
“At times r-star has actually gotten too much attention”, says New York Fed president
Uncertainty over monetary policy is ‘recessionary’, researchers say
Forward guidance reduces uncertainty and supports the economy, paper finds
Dominican Republic keeps rate on hold
Inflation decreased to target in August
Global output gap matters for inflation – BIS paper
Authors find domestic and global output gaps both important, but effects differ across economies
Costa Rica government resorts to central bank financing
Government to use Treasury bills to finance growing deficit as public sector workers go on strike
Bank Indonesia raises policy rate in fifth hike since May
Rupiah is at lowest level since global financial crisis
Future balance sheet size hard to judge – BoE’s Ramsden
Reserves demand likely to become more important as QE winds down, but how large the balance sheet will be is an “open and difficult question”, deputy says