Growth
Denmark’s Bernstein optimistic on consumption-led recovery
National Bank of Denmark governor Nils Bernstein says private sector savings will drive consumption and investment to more normal levels
Draghi encouraged by Baffi’s reign at central bank
Bank of Italy governor Mario Draghi draws on experiences of Italian central bank veteran Paolo Baffi
Beige Book signals slowdown in some districts
Federal Reserve reports deceleration in economic activity in four of 12 districts
Singapore experiences surge in growth
Monetary Authority of Singapore Recent Economic Developments report shows 22.5% pick-up in growth in first quarter of 2011.
ECB’s González-Páramo paints picture of post-crisis policy framework
European Central Bank executive board member José Manuel González-Páramo outlines new elements of the post-crisis financial system norms
Basel III bank capital rules may squeeze lending: IMF
Fund study finds evidence suggesting new Basel III framework will diminish the issuance of loans from banks
Bernanke urges government to promote R&D
Federal Reserve chairman Ben Bernanke says government can support research and development by fostering better climate for private investment
IMF makes strong call for strengthened policy response in Europe
International Monetary Fund wants stronger financial integration to bolster Europe’s recovery; comes as officials gather in Greece to see progress
China economy booms as inflation soars
National Bureau of Statistics of China reveals economic growth of 9.7%; inflation reaches three-year high
Bank of Canada – Monetary Policy Report (April 2011)
Bank of Canada Monetary Policy Report says rise in terms of trade led to better than expected growth in last quarter of 2010
RBI’s Gokarn on inflation growth tradeoff
Reserve Bank of India deputy governor Subir Gokarn says sustainability of growth will require controlling inflation
Bank Negara Malaysia - Annual Report (2010)
Bank Negara Malaysia 2010 Annual Report forecasts growth to continue strong momentum in 2011, rising to as high as 6%
Finland’s growth to dampen: Liikanen
Bank of Finland governor Erkki Liikanen says central bank forecasts economic recovery to slow next year
Buba’s Weber says negative growth effects of Basel III unfounded
Bundesbank president Axel Weber says higher Basel III capital requirements will have positive long-term implications on growth
Underlying inflation, unemployment should ground mandate: Riksbank’s Svensson
Riksbank deputy governor Lars Svensson calls for refined monetary policy framework focusing on underlying, rather than headline, inflation and unemployment over resource utilisation
Fund’s DSK on meshing monetary and regulatory tools
Policymakers are looking to academia to help see how macroprudential policy might affect central banks’ independence, IMF managing director Dominique Strauss-Kahn says
ECB’s Bini Smaghi on economics’ interpretation of globalisation
European Central Bank executive board member Lorenzo Bini Smaghi calls for further studies to global growth implications of emerging market economies
BoE - Agents' Summary of Business Conditions (February 2011)
The Bank of England’s February 2011 Agents' Summary of Business Conditions finds evidence of moderate pick-up in retail sales
Japan’s Yamaguchi: recovery reignited by exports
Bank of Japan deputy governor Hirohide Yamaguchi says country is beginning to exit a temporary slump in exports
Countercyclical buffer could be big help to output: BIS paper
Research by the Bank for International Settlements says Basel III’s countercyclical capital buffer could have “sizable” hand in preventing output falls
Endogenous debt crises: CEPR paper
Centre for Economic Policy Research study says reckless borrowers pose greater threat of sovereign default than poor economic growth
Rebalancing growth in Asia: IMF paper
Fund study examines case for rebalancing growth in Asia through investment-oriented policies
Czech National Bank - Inflation Report (Q1 2011)
Czech National Bank Inflation Report for January forecasts growth to slow in 2011 due to fiscal retrenchment
IMF: Historical debt stats will help plot growth strategy
IMF says its historical public debt database will help policymakers see the relationship between debt and growth; data goes as far back as 1791