The G7 and the euro-11

Article Abstract:

The G7 countries are under pressure to reduce interest rates, and Italy, France and Germany have yet to do so, but they should withstand pressure and arguments that they should contribute to world economic recovery. The problems lie in Asian economies, and only major reductions in US interest rates would have an impact. Europe looks set to enjoy strong growth, with strong domestic demand. Downward convergence within Europe prior to monetary union is already easing monetary policy. Central banks have to remember their duty to control inflation.

Interest Rates, Editorial, Group of 7

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Monetary policy, made to measure: how closely does central banks' behaviour follow simple monetary-policy rules? And how closely should it?

Article Abstract:

The monetary-policy rule developed by John Taylor is the closest thing to a simple rule by which central banks can walk the fine line between inflation and recession. Studies have shown that central banks have been following the Taylor Rule, but a new study shows it is more complicated than it appears.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Methods, Central banks, Monetary policy, Powers and duties, Banking law, Taylor, John (English pop musician)

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