Communication
Consensus over Fed inflation target shifted during Great Recession – San Fran Fed
Up until the 2008 crisis, most FOMC participants preferred a 1.5% target, researchers find
RBI’s Das questions convention of 25-basis point hikes
“Let me try and somewhat shock you,” says governor
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
Basel Committee seeks feedback on streamlined version of Basel III
Sprawling array of PDFs was getting difficult to handle, committee says; some elements have been trimmed and ambiguities removed
Walking the talk – engaging with indigenous communities
Mike Hannah says engaging with disadvantaged communities is increasingly recognised as important for a central bank’s work
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Sveriges Riksbank uses website analytics to improve visitor experience
Visitors spend more time on and engage with more areas of website, Riksbank official tells Central Banking
NBU’s Smolii speaks out about political interference
Politically powerful people in Ukraine are still trying to block economic reform, but transparency is helping, says National Bank of Ukraine governor
Quarles defends decision to set countercyclical buffer at zero
But there may still be disagreement within the Fed’s ranks
PBoC denies reserve ratio rumour and seeks police investigation
PBoC denies widespread market rumour that it plans to cut the key reserve ratio starting from April 1
Communication still a challenge for the FPC – BoE’s Kashyap
“GDP at risk” could be a useful way of summarising risks for non-experts, FPC member says
Quarles: FSB to examine too-big-to-fail reforms
Organisation must improve transparency, says chairman Randal Quarles
PBoC improves policy communication
Central bank revamps English website and appears to address market concerns more frequently
ECB’s chief economist takes to Twitter
Praet expresses scepticism about dual mandate and rejects ‘modern monetary theory’
IMF staff praise Bank of Jamaica’s engagement campaign
Authorities must pass a law to guarantee the central bank’s operational independence, says staff report
BoE publishes revamped FPC communications
New approach follows the style of MPC announcements more closely
BIS book outlines macro-financial policy framework
“Integrated inflation targeting” would combine policies for maximum effect, authors say
Dallas Fed launches economics website
New site aims to cater for wide range of readers, officials say
RBNZ adopts new dual policy target
New Zealand’s central bank will now have maximum employment target alongside inflation goal
Quarles says FSB ‘must evolve’
New chair calls for changes in the way the organisation assesses financial sector threats
Fed’s 2019 stress tests to assume largest unemployment shock to date
Central bank also announces moves to enhance transparency in its stress-testing programme
Fed takes dovish stance as it clarifies long-run monetary policy
New statement seeks to clarify Fed’s balance sheet normalisation strategy
PBoC continues with communications overhaul
Central bank aims to publish Chinese and English communications simultaneously in the future