Reserve Bank of Australia | Media Releases 1970-01-01 00:00:00

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Ahmedabad University’s 2nd Annual (virtual) Economics Conference: 4-6 Mar 2021

Ahmedabad University’s 2nd Annual (virtual) Economics Conference is coming up this week. Interested can register here. Schedule of conference is here: Ahmedabad University will hold its “2nd Annual Economics Conference, 2021” from 4th – 6th March, 2021. The theme of the Conference is “Economics in Challenging Times”. Due to the continued uncertainties related to the COVID-19 pandemic, the conference will be held via the online platform. This...

Do Higher Wages Mean Higher Standards of Living?

« Is There a Taylor Rule for All Seasons? | Main Editor's note: We have updated macroblog's location on our website, although archival posts will remain at their original location. Readers who use RSS should update their feed's URL to https://www.frbatlanta.org/rss/macroblog.aspx. ...

New strategy embeds diversity and inclusion into Bank of Canada’s work

Sources of Changes in Current Account Balances (Projections for Mar.)

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A Journey in Macroeconomic Thinking

I've been thinking a bit lately about theories of the business cycle (a lot of time for reflection in these days of COVID-19). At least, I've been thinking of the way some of these theories have evolved over my lifetime and from the perspective of my own training in the field. From my (very narrow) perspective as a researcher and advisor at a central bank, the journey beginning c. 1960 seems like it's taken the following steps: (1) Phillips...

Fabio Panetta: Mind the gap(s): monetary policy and the way out of the pandemic

Speech by Fabio Panetta, Member of the Executive Board of the ECB, at an online event organised by Bocconi University Milan, 2 March 2021 It is a great pleasure to be back at Bocconi and share with you my views on the current economic situation. The year ahead will present macroeconomic policymakers with critical choices. In 2020, with the pandemic raging, the direction of policy support was obvious and the choices facing policymakers...

The industrial composition of recessions

[embedded content] Every recession is different, affecting some industries more than others. Analyzing the composition of the recession may reveal how the recovery from the recession may progress, as jobs in some industries appear easier to fill than jobs in other industries. The recession that followed the Great Financial Crisis (GFC) resulted in a substantial downturn in construction, among other industries. Triggered by lockdowns associated...

Money Supply 1970-01-01 00:00:00

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The Haves and Have-nots Of the Digital Age

By Gita Bhatt Accelerated by the pandemic, the digital future is coming at us faster than ever before, and maybe faster than we can imagine. In this issue of Finance & Development magazine, we explore the possible consequences—the good, the bad, and the gray. For millions, technology has been a lifeline, changing the way we work, learn, shop, and entertain ourselves. In a year like no other, it has spurred game-changing digital shifts....

Weekly links May 10: why CCTs aren’t enforced before elections, when evidence isn’t used, digitalizing data, and more…

On Let’s Talk Development, results from tax compliance trials in Kosovo show some small increases from reminders, but also highlight the challenges of implementation, with many people not receiving their assigned treatment (e.g. half the letters not making it to recipients, less than one-quarter of emails opened). The CSAE coder’s corner has Meredith Paker sharing ...

Ponzis and bitcoin as a response to a bad economy: the case of Nigeria

Usually when I think about gambling and speculative excess, I've always associated it with giddy prosperity. When an economy is doing well, productivity is improving, new technology is being introduced, and unemployment is low, people have extra income that they can throw away at the casino. Or they put it into their brokerage account and, with the help of margin, generate speculative bubbles.But lately I've been rethinking this view....

Will Capital Flows through Global Banks Support Economic Recovery?

Claudia M. Buch, Matthieu Bussière, and Linda S. Goldberg While policymakers around the world have aggressively and swiftly reacted to the common negative economic shock from COVID-19, the timing and forms of policy responses in the economic recovery stage may be more geographically differentiated. The range in policy responses, along with variations in the financial health of banks, likely will affect the flow of international credit...

Weekly links October 23: popularizing research, partial identification, celebrating ideas-led growth, and more…

Berk Ozler Senior Economist, Development Research Group, World Bank David McKenzie Lead Economist, Development Research Group, World Bank Markus Goldstein Lead Economist, Africa Region and Research Group, World Bank David Evans Senior Economist Development Impact Guest Blogger Guest bloggers

RBNZ Governor outlines housing direction

[unable to retrieve full-text content]In remarks for a Monetary Policy Statement presentation to the Canterbury Employers’ Chamber of Commerce today, Reserve Bank Governor Adrian Orr has elaborated on the direction received from the Minister of Finance, to have regard to house price sustainability when making its financial stability policy decisions.

Money Supply 1970-01-01 00:00:00

[unable to retrieve full-text content]

A Journey in Macroeconomic Thinking

I've been thinking a bit lately about theories of the business cycle (a lot of time for reflection in these days of COVID-19). At least, I've been thinking of the way some of these theories have evolved over my lifetime and from the perspective of my own training in the field. From my (very narrow) perspective as a researcher and advisor at a central bank, the journey beginning c. 1960 seems like it's taken the following steps: (1) Phillips...

Do Higher Wages Mean Higher Standards of Living?

« Is There a Taylor Rule for All Seasons? | Main Editor's note: We have updated macroblog's location on our website, although archival posts will remain at their original location. Readers who use RSS should update their feed's URL to https://www.frbatlanta.org/rss/macroblog.aspx. ...