Central Bankers Shouldn’t Yearn for Good Old Days That Never Existed: Fed Conference Paper
The economy is far too complex to be described by simple mathematical models and equations, and the world’s central bankers shouldn’t seek to return to a mythical past when monetary policy was a straightforward affair, economists argued in research presented Saturday at the Kansas City Fed’s symposium in Jackson Hole, Wyo.
Unlike Japan, U.S. and Europe Probably Will Dodge Deflation: Fed Conference Paper
Inflation has remained stubbornly low in the U.S., Japan and the eurozone for years. But while Japan faces a serious possibility of deflation, the risk is far lower for the U.S. and Europe, according to research presented at the Kansas City Fed’s economic symposium in Jackson Hole, Wyo.
Fed’s Fischer: ‘Good Reason’ to Think U.S. Inflation Will Move Higher
The Fed‘s Stanley Fischer said there is “good reason” to think sluggish U.S. inflation will firm and move back toward the U.S. central bank’s 2% annual target, touching on a significant assessment facing the Fed ahead of its September policy meeting.
BOE Remains on Course to Begin Raising Rates Early Next Year, Gov. Carney Says
The Bank of England remains on course to begin slowly raising interest rates early next year despite the recent turmoil in global financial markets, Gov. Mark Carney said.
India’s Rajan: ‘Political Economy’ Important But Quiet Issue for Central Bankers
The role of politics and history is a little-discussed but important force in determining the goals and tactics of economic policy makers, Reserve Bank of India Gov. Raghuram Rajan said.