Breaking News

  • Senate challenger Jeff Bell passionate about fiscal policy

    October 30, 2014 | 05:54 am

    Republican Jeff Bell decided to run for the U.S. Senate this year to focus his campaign on federal monetary policy and promote a return to the gold standard because the self-described “issue nerd” says he believes it will solve the nation’s economic woes.

  • Bank of Canada to forgo forward guidance and let ‘markets do their job’

    October 29, 2014 | 08:15 pm

    Bank Governor Stephen Poloz tells lawmakers monetary policy is evolving to the changing environment

  • RBNZ U-turn shows monetary settings were wrong - Greens

    October 29, 2014 | 05:36 pm

    The Reserve Bank’s U-turn on interest rates today shows monetary policy settings were wrong and New Zealanders have suffered unnecessarily through the loss of jobs and having to pay higher interest rates, the Green Party said today.

  • The End of QE, Fed Policy Normalization and the Equity Market

    October 29, 2014 | 02:12 pm

    The Federal Reserve is “normalizing” its monetary policies. QE3, the latest installment of its multi-year $3.7 billion asset purchase program is ending this month. And although its zero interest rate policy (ZIRP) is still fully in force, the Federal Reserve is signaling that as long as the economy continues to [...]

  • BSP seen keeping monetary policy settings

    October 29, 2014 | 12:22 pm

    Philippine central bank Governor Amando M. Tetangco Jr. refused to mince words on Wednesday as he signaled that current monetary policy settings would stay where they were for the moment if current conditions would stay the same.

  • Central bank says policy could stay steady till yearend

    October 29, 2014 | 12:17 pm

    THE BANGKO SENTRAL ng Pilipinas (BSP) can be expected to keep monetary policy steady in its final meeting next month should price hikes ease further, as expected, and the United States Federal Reserve take its time in raising interest rates, Governor Amando M. Tetangco, Jr. said yesterday.

  • Capitol Report: Greenspan: Fed can’t exit without turmoil

    October 29, 2014 | 10:01 am

    It won’t be possible for the Fed to exit its accommodative monetary policy without some turmoil in financial markets, said former U.S. central bank chairman Alan Greenspan on Wednesday.

  • Are Economists Ready for Income Redistribution?

    October 28, 2014 | 06:00 am

    When the Great Recession hit and it became clear that monetary policy alone would not be enough to prevent a severe, prolonged downturn, fiscal policy measures – a combination of tax cuts and new spending – were used to try to limit the damage to the economy. Unfortunately, macroeconomic research on fiscal policy was all but absent from the macroeconomics literature and, for the most part ...

  • Policy change on rates likely

    October 27, 2014 | 10:08 pm

    The ‘Great Recession’ of 2008-2009 and the subsequent sluggish and uneven pace of recovery from it, has seen many central banks cut interest rates to record low levels of between 0% and 0.5%.

  • Monetary policy no panacea - ECB's Nowotny in magazine

    October 27, 2014 | 03:58 am

    Accommodative monetary policy is no cure-all for Europe's economy and needs to be complemented with steps to fuel demand, European Central Bank Governing Council member Ewald Nowotny told Austrian magazine Trend. "Monetary policy can create an expansive framework but it also has to be used by players in the economy. Monetary policy is not a panacea," he wrote in a commentary for the magazine ...


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