Trade
Philly Fed: trade declines in US recession normal
Philadelphia Federal Reserve study shows that inventories stock created a buffer following declines in post-crisis trade
RBA: Lowe revises Australian economy recovery upward
Reserve Bank of Australia assistant governor Philip Lowe links renewed growth in Australia to improved terms of trade
RBA’s Stevens: Australia’s recovery investment led
Reserve Bank of Australia’s governor also flags the role of intra-region exports
Israel flags speedy recovery
Bank of Israel Annual Report shows GDP grew 0.7% in 2009; outpacing other advanced economies
Malaysia’s Zeti: savings will need to stay in Asia
Bank Negara Malaysia’s Zeti Akhtar Aziz says savings must be recycled regionally
Philly Fed: US export growth could have been greater in the 90’s
Philadelphia Federal Reserve study finds that movement of labour to smaller firms prevented greater export growth
Extra-euro trade growth tops intra-euro trade
Latest trade consistency exercise shows that Extra-euro dominates intra-euro growth in the last decade.
BOE paper: inflation co-movement linked to globalisation
New study into co-movement in inflation across industrialised countries links low-inflation rates to falling commodities prices
The calculus of international currency use
Hans Genberg analyses the costs and benefits of a currency being used beyond its issuer’s borders
Middle East and North Africa’s trade below potential
International Monetary Fund looks at trade constraints in the region
Joint fiscal stimulus does everyone good
Bank of Canada looks at the potential effect of the joint fiscal policy initiatives of the G20 in 2009 and 2010
New DSGE model for Estonia
Bank of Estonia makes public its new dynamic stochastic general equilibrium model for the domestic economy
Swiss govt must defend free trade – SNB’s Roth
Swiss National Bank’s Jean-Pierre Roth says weak growth, unemployment, public finance and inflation key future challenges