United States
IMF News Brief
NEWS BRIEF - Press Statement by the IMF Mission to Argentina, 15 March.
The IMF-Feeding the rat
ARTICLE - An Article by Diwa C. Guinigundo, Alternate Executive Director, International Monetary Fund, Manila Standard, 28 February.
Testimony of Fed Governor Mark Olson, 14 Mar
TESTIMONY - Federal Reserve Governor Mark Olson gave testimony on Thursday titled 'The Financial Services Regulatory Relief Act of 2002'. It was his first appearance before the subcommittee since becoming a member of the Board of Governors.
IMF Global Financial Stability Report, March 2002
REPORT - A Quarterly Report on Market Developments and Issues from the International Monetary Fund, March 2002.
History shows East Europe pitfalls on way to euro
FEATURE - Investors are already betting Eastern Europe's road to the euro will be remarkably short, but the history of European monetary union shows just how many hairpin bends and potholes still litter the way.
Speech by Fed Chairman Alan Greenspan, 13 Mar
SPEECH - Greenspan gave a speech titled 'The U.S. Economy' on Wednesday in which he repeated that U.S. economic activity was improving, and urged a greater emphasis on savings to improve the long-term vitality of the expansion.
IMF Press Briefing, 13 March
PRESS BRIEFING - Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, London, 13 March.
Green shoots of recovery may be on the way
US - Alan Greenspan continued his new optimistic mantra that the U.S. economy is pulling out of its slump and pointed out that even employment, one of the last indicators to rebound, is showing signs of life.
Speech by William Poole, St Louis Fed Bank, 8 Mar
SPEECH - In the speech titled 'The Role of Finance in the Investment Bust of 2001' Poole likens the current recession to the coldness of space and the planet pluto in particular. Are we in "the pluto recession"? "The astronomers argue about whether Pluto…
Are we in recession? No we're on the planet Pluto
US - Amid the was it or wasn't it debate about the U.S. recession, a senior Federal Reserve official has coined a new phrase for the economic downturn that began last March, dubbing it: "the Pluto recession."
James Tobin, Keynesian economist of first rank
OBITUARY - James Tobin, the most influential Keynesian theorist of his generation, who became famous for his proposed tax on currency trading, has died aged 84.
Speech by Fed Reserve Governor Mark Olson, 12 Mar
SPEECH - In the speech titled 'Current Industry Issues' Olson agreed with views many central bankers have expressed recently when he said that "for the past few months we have seen clear indication that economic conditions are improving and we are either…
Olson - US economy at or near end of down phase
US - Federal Reserve Governor Mark Olson said on Tuesday recent reports over the past few months show the downturn that hit the U.S. economy last year has likely bottomed out.
Speech by A Santomero of Philadelphia Fed, 6 Mar
SPEECH - In the speech titled 'The Recovery - Has It Begun?' Santomero said the U.S. economy's recovery from recession "may indeed have already begun," and called recent statistics on the economy "heartening, in fact, surprisingly strong".
A very big shoe to fill - A successor to Greenspan
FEATURE - The Economist magazine, 9 March, reports on the search to replace the chairman of the US Federal Reserve - Time to groom an heir for Alan Greenspan.
Speech by Fed Reserve Governor Ed Gramlich, 7 Mar
SPEECH - In the speech titled 'Macroeconomic Policy in Recessions--and Other Times' Gramlich said Government reaction to economic hard times should keep long-term strategy in mind, particularly when considering whether to launch a fiscal stimulus program.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Boston and based on information collected before February 26, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
US finance chief backs steel moves
US - US Treasury Secretary Paul O'Neill has rejected suggestions from Europe that America's push to protect the domestic steel industry is simply a matter of treating the symptoms of an overvalued dollar.
Gramlich- fiscal stimulus should be reversible
US - A Federal Reserve official on Thursday said measures the government takes to ward off recession should meet several criteria, including being easily reversible.
Why Central Banks Announce their Objectives
RESEARCH - Why Central Banks Announce their Objectives: Monetary Policy with Discretionary Signalling by Stefan Palmqvist of the University of California, Berkeley and Institute for International Economic Studies, Stockholm University.
Greenspan upbeat on US recovery
US - Alan Greenspan, the chairman of the US central bank, has said that the US economic recovery is well under way.
Testimony of Fed Chairman Alan Greenspan, 7 Mar
TESTIMONY - Testimony of Federal Reserve Chairman Alan Greenspan before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, 7 March.
Beige Book shows limited economic improvement
US - The US economy showed scattered "signs of improvement" through January and early February, but was not barrelling out of the gates, according to the latest anecdotal survey released on Wednesday by the Federal Reserve.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'Back to the Future in Managing Banking Risk' Ferguson said "after nearly a decade of steady improvement, earnings from core bank operations and other measures of financial strength for the U.S. banking system have taken an…