Research
Lamfalussy: the college years
The National Bank of Belgium has published a working paper analysing the work of the young Alexandre Lamfalussy.
A new model for inflation targeting
This International Monetary Fund paper presents a new model of inflation targeting, taking greater account of the importance of changes in the credibility of policymakers.
House prices impacted by monetary policy
A working paper from Norges Bank finds that house prices are linked to monetary-policy shocks in the Norwegian, Swedish and British economies.
Some facts about the British labour market
Research from the Bank of England has uncovered that almost a quarter of Britain's workforce is employed by the state.
Global imbalances and petrodollars
Research published by the International Monetary Fund explores oil exporters' role in our understanding and the resolution of global imbalances.
Research notes three trends in currency crises
Research published by the Bank of England on the role of external balance-sheet variables as determinants of currency crises has three key findings.
Inflation targeting: its roots and rationale
Research published by the International Monetary Fund uncovers the intellectual origins and reasons for inflation targeting.
Markets bought Paulson "teaser freezer" plan
Research from the Richmond Federal Reserve shows that investors were initially optimistic that former US Treasury secretary Hank Paulson's so-called "teaser freezer" plan would improve economic conditions.
No link between loan constraints and productivity
Financial constraints do not lower productivity in most sectors of the economy, research from the International Monetary Fund suggests.
ECCU very sensitive to US conditions
The business cycles of Eastern Caribbean Currency Union (ECCU) economies are very sensitive to changes to the United States economy, research from the International Monetary Fund finds.
European housing finance more resilient
Housing-finance markets in the euro area are more resilient to shocks their British and American counterparts, new research from the European Central Bank posits.
A new method for evaluating risk aversion
Researchers from the European Central Bank have uncovered a new method of extracting time-varying risk aversion from asset prices.
Euro adoption sparked some structural reforms
The adoption of the euro accelerated the pace of structural reforms in the product market, a research paper from the National Bureau of Economic Research (NBER) posits.
Risk management to include parameter uncertainty
Risk-management systems should account for parameter uncertainty, a new paper from the Bank for International Settlements posits.
Blame technology for bankruptcies
Technological progress has a significant effect on the bankruptcy rate, a new paper from the Richmond Federal Reserve posits.
Monies contain embedded options
The face values of all notes and coins contain embedded options, argues a new paper written by Espen Gaarder Haug and John Stevenson, two quantitative-finance analysts.
Pyramid firms have more debt
Controlling shareholders in pyramid firms, a structure where an ultimate owner uses indirect ownership to maintain control over a large group of companies, use debt to secure their private benefits, new research from the Bank of Canada posits.
ECB's policy rule does not fit all
Euro policy rates best fit the largest eurozone members, research from the Bank of Finland posits.
Hong Kong's banks' have minimal liquidity risk
Despite a deterioration in liquidity conditions, default risks in the Hong Kong banking system are minimal, new research from the territory's central bank posits.
Monetary nonneutrality hard to explain
Imperfect information cannot explain the substantial degree of monetary nonneutrality, money affecting real variables, finds new research from the Bank of Canada.
Long-run forecasts a good anti-deflation tool
The Federal Open Market Committee's new long-run inflation forecast reduces the chance of a deflationary spiral, a new paper form the San Francisco Federal Reserve posits.
The effect of China's fiscal stimulus on output
China's fiscal spending of Rmb2 trillion ($293 billion) in 2009 could lead to Rmb1.7 trillion ($249 billion) direct increase of output, a new paper from the Hong Kong Monetary Authority posits.
A model for market expectations about inflation
The Bank of Spain has devised a new model for market expectations about the inflation rate.
Monetary union could improve British stability
The British economy's stability would be enhanced by euro adoption, a new paper from the St Louis Federal Reserve posits.