Recession
Early monetary exit risks return to recession: KC fed paper
Kansas City Federal Reserve study shows an early monetary policy exit can lead to a double-dip recession
Bank-based economies struggle more during recoveries: IMF paper
Fund study shows bank-based economies find it more difficult than market-based economies to recover from economic crises
ECB paper identifies source of slump in global trade
European Central Bank study says numerous components of final expenditure contributed to sharp decline in global trade during financial crisis
RBA paper on lessons from Australia's labour market since 2000
Reserve Bank of Australia study says evidence from labour market since 2000 shows decline in number of hours worked can prove an effective adjustment mechanism during downturns
Small businesses hit harder during recession: NY Fed
New York Federal Reserve study shows weak consumer demand for small firms’ products and services led to disproportionate decline for these firms
Financial cycles have strong economic implications: IMF paper
Fund study examines whether the close correlation between business and financial cycles is synchronised or coincidental
Creditless recoveries not uncommon: IMF paper
Fund study finds creditless recoveries are common and may result from impaired financial intermediation
St Louis Fed paper denies direct Fed link to 1930s recession
St Louis Federal Reserve study says Fed’s doubling of reserve requirements was not cause of contraction in 1930s
NY Fed’s Tracy: 'Great Recession' distinguished by severity
New York Federal Reserve executive vice-president Joseph Tracy says moniker of Great Recession attributed to severity not length of downturn
Short-time programmes ease unemployment concerns: CEPR study
Centre for Economic Policy Research study says initiatives for short-time work programmes can help reduce unemployment during recessions
Barbados’s Worrell on social impact of unemployment
Central Bank of Barbados governor DeLisle Worrell describes employment challenges of everyday Barbadians
Labour market essential component of recovery: NY Fed’s Tracy
New York Federal Reserve executive vice-president Joseph Tracy says shape of US economic recovery relies on labour market improvements
RBA’s Battellino: US households worst off from recession
Reserve Bank of Australia deputy governor Ric Battellino says US households share greater burden with every recession
National Bank of Cambodia - Annual Report 2009
National Bank of Cambodia’s Annual Report for 2009 says southeast Asian economy expected to return to growth this year
Marcó Del Pont: Argentina averted a full blown crisis
Central Bank of Argentina governor Mercedes Marcó del Pont says country’s resilience during crisis owed much to good policies
Beige Book points to gloomy outlook for US economy
Reports from twelve regional Federal Reserve districts add further weight to fears of double dip; say weakness in housing market tempering recovery
Bank’s Sentance explains vote to raise rates
Bank of England Monetary Policy Committee member Andrew Sentance says evidence of a marked recovery motivated decision to begin process of normalising rates
Philly Fed: Income gap has widened in Third District counties
Philadelphia Federal Reserve study finds greater income inequality in its area following economic downturn
NY Fed’s Dudley: US jobs market still has bright future
New York Federal Reserve president William Dudley offers positive outlook on jobs despite continued stresses in economy
Economic cycles in Middle East, North Africa and Pakistan
New IMF paper analyses recessions and recoveries in Middle East, North Africa and Pakistan
RBNZ: inflation targeting no guarantee of stability
Reserve Bank of New Zealand Monthly Bulletin shows more than targeting inflation alone is needed to ensure macroeconomic stability
Bank of England – Agents Summary of Business Conditions (February)
Bank report on public opinions with regards to economic conditions and the ongoing recovery shows most people in the UK were feeling definite effects of a pick-up, although it remained slow
Real-time activity index shows depth of recession
Philadelphia Fed paper constructs index of real-time macroeconomic information, showing that the recent recession was defined by its severity relative to its length
Canada’s Carney sees recovery in business investment
Bank of Canada’s Mark Carney says companies are emerging from the recession