Research
Don't rely too heavily on capital-adequacy models
Supervisors should guard against placing undue reliance on the overall level of capital implied by economic capital models in assessing capital adequacy, a new paper from the Bank for International Settlements posits.
Sepa project must be extended
The scope of the Single Euro Payments Area (Sepa) project must be extended to include standardisation in the field of value-added services, such as e-invoicing, a new paper from the National Bank of Denmark states.
Europe's and Japan's fiscal actions procyclical
Discretionary fiscal policy tended to be procyclical in continental European countries and Japan, a new paper from the International Monetary Fund posits.
Data on home-host banking activity inadequate
Data on international banking activity remain largely inadequate for surveillance and policymaking purposes, new research from the International Monetary Fund (IMF) posits.
Inflation-targeting regime improves policy
During the Bank of England's inflation-targeting regime, monetary policy shocks have been more muted and inflation expectations have been lower than before, a new paper from the central bank posits.
New BoJ discussion paper series launched
The Bank of Japan has published a new issue of its online discussion paper series.
US still has more influence than trade suggests
Regardless of the emergence of large economic players, like China, United States' influence on other economies remains larger than direct trade ties would suggest, a new paper from the European Central Bank shows.
Inflation in new EU10 driven by common factors
A major part of inflation in the ten new European Union (EU) member countries is driven by common factors, a new paper from the International Monetary Funds reveals.
Monetary policy can affect relative prices
Monetary policy can affect relative prices in the economy, a new paper from the Bank of England posits.
Household consumption key for rate riddle
Households' consumption habits explain the uncovered interest rate parity puzzle, a new paper from the Bank of England reveals.
Albania needs core inflation reporting
Core inflation reporting and analysis should be included in the Bank of Albania's periodical reports on monetary policy, a paper from the central bank finds.
Globalisation accelerated IMF's reaction
The pace of the International Monetary Fund's (IMF) crisis responses has increased with the rise of financial globalisation, a new research from the Central Bank of Chile shows.
A labour model for inflation dynamics
A model with sticky nominal wages and right-to-manage bargaining best captures the response of inflation to nominal labour shocks, a new paper from the Philadelphia Federal Reserve posits.
Monetary policy can affect fiscal spillover
Interventions by central banks can impact the magnitude and nature of a spillover from regional fiscal policy, a new paper from Banque de France posits.
Phillips curve remains an enigma
The understanding of what underlies the correlation between unemployment and the inflation rate is constantly changing, a new paper from the Richmond Federal Reserve.
Basel II procyclical: Norges Bank
Basel II introduces an additional source of procyclicality into the banking sector, a new paper from Norges Bank finds.
A new monetary policy for the Fed
Jane D'Arista, an economist, has proposed a new countercyclical method of monetary control to enhance the Federal Reserve's ability to respond to credit contractions and expansions, in a new paper published by the University of Massachusetts Amherst.
Policy can make deflationary episodes more costly
The costs of previous deflationary episodes have been exacerbated by inappropriate policy responses, a new paper from the Bank of England posits.
New measures for housing inflation needed
Policymakers lack appropriate measures of inflation for the market in owner-occupied housing services, argues a new paper form the Philadelphia Federal Reserve.
Buba on savings banks and liquid assets
Savings banks hold a higher amount of liquid assets for each unit of sight deposits than regulation requires, posits a new paper from the Bundesbank.
Emerging markets need higher inflation targets
Countries subject to higher levels of macroeconomic volatility may find it desirable to target a higher level of inflation, a new paper from the International Monetary Fund posits.
Sacking preferable to lower pay for firms
Firms prefer to sack workers rather than cut their pay, a new paper from the National Bank of Belgium reveals.
One-sector inflation model insufficient
One-sector models for determining the optimal rate of inflation are insufficient, finds a new paper from the Richmond Federal Reserve.
House price spillovers low in eurozone
Spillovers between countries from shocks to house prices across eurozone are of a relatively low magnitude, a new paper from the European Central Bank finds.