Economics

ECB's Papademos on economic performance

In the speech 'Economic performance, institutions, and human values' given on 2 May Lucas Papademos of the ECB said the European economy is currently experiencing robust economic growth which is expected to continue, benefiting from the ongoing strength…

Dodge on the Canadian economy

In a speech given on 2 May David Dodge of the Bank of Canada said domestic demand is likely to continue to be the main driver of growth in Canada.

Philadelphia Fed Annual Report 2006

The Federal Reserve Bank of Philadelphia's Annual Report 2006 tells the story behind the Bank's role in the largest consolidation of the Federal Reserve's check processing operations to date.

Did Gambler Greenspan just get lucky?

Alan Greenspan is widely recognised as the world's greatest ever central banker, but according to research from the ECB referred to in this article from The Herald, published Tuesday 1 May, his success probably has more to do with luck than skill.

Is Bernanke wrong on inflation?

According to this article from Bloomberg on Monday 30 April, a housing slump in the US may drive the US economy into recession, prompting the Federal Reserve to cut interest rates.

Bahrain's Al Maraj on financial market development

In the speech 'Brief review of Bahrain's financial market developments' given on 28 April Rasheed Mohammed Al Maraj of the Central Bank of Bahrain said a key element in our success as a nation has been the emphasis placed on developing our own human…

Fed's Bernanke on the challenges of free trade

In the speech 'Embracing the challenge of free trade: Competing and prospering in a global economy' given on 1 May Ben Bernanke of the Federal Reserve said a move to a protectionist stance for threatened American industries and workers from foreign…

Dodge on Canada and free trade

In his opening statement to the House of Commons Standing Committee given on 1 May David Dodge of the Bank of Canada made similar comments to those of Ben Bernanke the same day, saying if the United States resorts to protectionist measures against major…

Ex-BoE George on 1997 independence

Former Bank of England governor Eddie George said in an interview with the Financial Times Wednesday 2 May that he didn't consider resigning when the BoE was given independence in 1997, relieving it of the role of supervising commercial banks.

Brazil's Meirelles wants sustained growth

In comments to Reuters published Wednesday 2 May, the president of Brazil's central bank has described the country's economic ambitions, saying investors must continue to be attracted to the country and emphasising the need for sustained growth.

Interview: Ivan Iskrov

Ten years after the launch of the currency board, Bulgaria is preparing to join the euro by 2010. Justin Keay, deputy editor of The Financial Regulator, spoke with the governor of the Bulgarian National Bank

Bank of Namibia - Annual Report 2006

According to the Bank of Namibia's Annual Report 2006, despite tighter monetary conditions, the Namibian economy was estimated to have performed moderately better in 2006 than in 2005.

Fed Reserve Bank of St Louis Review, May/Jun 2007

The latest edition of the St Louis Fed's Review for May/June 2007 includes an article which uses extensive archival material from several countries, to bring together scattered information about Milton Friedman's views and predictions regarding U.S…

BoJ Outlook for Economic Activity & Prices, Apr 07

The Bank of Japan published the English version of its April 2007 Outlook for economic activity and prices report on 1 May. In the report the BOJ said Japan's economy is likely to realise "sustainable growth under price stability."

IMF says Bank of Mexico acted too fast

Mexico's Finance Minister Agustin Carstens said Monday 30 April that the central bank may have moved too fast in raising interest rates last week amid slowing economic growth.

SNB's Roth with a review of the Swiss economy

In the speech 'Review of the Swiss economy in 2006 and the outlook for 2007' given on 27 April Jean-Pierre Roth of the Swiss National Bank said with the Swiss economy close to full employment, the Swiss National Bank currently operates in a comfortable…

RBA paper on forecasting with factors

The Reserve Bank of Australia Research Discussion Paper "Forecasting with factors: The accuracy of timeliness" demonstrates that factor-based forecasts for key Australian macroeconomic series can outperform standard time-series benchmarks.

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