Economics

Central Europe cannot afford to delay the euro

According to this article published by the Financial Times on Monday 9 October, the main reason for stalling central European economies is the reluctance by several governments to embrace monetary union as quickly as possible.

Mexico's Ortiz says economy in good shape

Guillermo Ortiz, the governor of the Bank of Mexico, said on Thursday 5 October that Mexico's economy is better prepared than in the past to weather any U.S. slowdown as a growing number of consumers have access to credit.

SARB's Mboweni on South Africa's financial markets

In the speech 'South Africa's financial markets within the Southern African sub-region' given on 7 October Tito Mboweni of the South African Reserve Bank said that a weaker rand might fuel inflation but that higher interest rates were unlikely to pose a…

Mboweni's overview of the South African economy

In the speech 'An overview of the South African economy' given on 3 October Tito Mboweni of the South African Reserve Bank said South Africa's structural imbalances need to be tackled to curb inflation pressures.

Fed's Bernanke on demographics

In the speech 'The coming demographic transition: Will we treat future generations fairly?' given on 4 October Ben Bernanke of the Federal Reserve said a "substantial correction" is under way in the US housing market but it has not so far had a big…

Fed's Kohn on economic outlook

In the speech 'Economic outlook' given on 4 October Donald Kohn of the Federal Reserve said he is more concerned about persistent inflation than slowing growth in an economy that's likely to avoid a recession.

RBNZ says salary reports 'rubbish'

The Reserve Bank of New Zealand on Thursday 5 October rejected as "rubbish" news reports claiming that Reserve Bank staff remuneration rose 15.4 percent on average per employee.

Reserve Bank of New Zealand - Annual Report 2006

According to the Reserve Bank of New Zealand's Annual Report 2006, the last year had been particularly challenging, with monetary policy having to contend with more persistent oil price increases and stronger economic activity than anticipated.

Ireland's Hurley on central bank cooperation

In the speech 'Central bank cooperation - Ireland and Croatia' given on 29 September John Hurley of the Central Bank and Financial Services Authority of Ireland said there is a rather special link between Croatia and the Irish central bank.

RBI's Reddy on globalisation, money and finance

In the speech 'Globalisation, money and finance - uncertainties and dilemmas' given on 28 September YV Reddy of the Reserve Bank of India said international financial markets are currently dominated by private equity funds like hedge funds, which are…

Canada paper: macroeconomic effects of inflation

In the Bank of Canada Working Paper "The macroeconomic effects of non-zero trend inflation" the authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.

Sweden's Ingves on sound government finances

In the speech 'Sound government finances and low inflation - the road to success!' given on 27 September Stefan Ingves of the Sveriges Riksbank said that despite the different exchange rate policy paths, economic developments have not in practice…

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