Monetary Policy

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IMF and World Bank Group Meetings

Thursday, 26 September 2013
activity
Ahead of the WBG and IMF meetings, CIGI counducts an outreach agenda of timely publications and events on the International monetary system.

To Taper or Not to Taper and the Gains from Cooperation

Tuesday, 24 September 2013
blog
The previous post suggested that the Federal Reserve Board's decision not to begin tapering its purchases of Treasury securities and mortgage-backed assets may have reflected, in part at least, uncertainties associated with the fiscal cliff that once again looms large on the U.S. political horizon. If that supposition is correct, it could well highlight challenges associated with unwinding the extraordinary policy measure, which was adopted in the wake of the Lehman failure five years ago. It may also have important implications for the global economy and international policy cooperation.

Leading international economist to deliver CIGI lectureon the dangers of currency manipulation

Monday, 23 September 2013
article
Leading international economic policy expert C. Fred Bergsten will outline the threats that currency manipulation poses to the global economy, when he delivers the next CIGI Signature Lecture.

The State of the Global Economy

Monday, 23 September 2013
video
The CIGI Global Policy Forum is an exclusive series of talks offering authoritative analysis on policy-relevant issues affecting Canada and its place in the world through a wide range of distinguished speakers: policy experts and influencers shaping the world's debates and discussions on global economic, security, development and environmental issues.

Stop the Presses?

Monday, 23 September 2013
blog
The big news this week in global financial markets was the Federal Reserve Board's decision not to begin a much-anticipated "tapering" of its large-scale purchases of assets--"quantitative easing," or simply QE as it is known.

Fiscal Dominance is Back

Thursday, 19 September 2013
blog
Before the global financial crisis monetary policy seemed to be the only game in town. Central bank independence and transparency appeared to contribute to creating an environment of stable inflation and adequate economic growth. No wonder some central bankers, most notably Ben Bernanke, declared the era to be one of the ‘Great Moderation’.

With or without Summers, the Fed would be dovish

Monday, 16 September 2013
article
"Larry Summers’s reluctant withdrawal from the beauty contest to become the next Federal Reserve Board chairman doesn’t change the fact that U.S. monetary policy will remain loose for years to come, regardless of who ends up leading the U.S. central bank," writes CIGI Senior Fellow Brett House.

Australia’s G20 Summit Brisbane 2014: Persuasion post-Petersburg

Monday, 9 September 2013
article
Susan Harris Rimmer
“Australia could not just be the chair of the G20. but could also be the pivot of the G20 for the role for fostering dialogue,” says Domenico Lombardi, looking ahead to Australia assuming the presidency of the G20 in December 2013.

The Birth of Fiscal Unions

Monday, 9 September 2013
article
Harold James, Jennifer Siegel
"One approach might be to ask citizens in all European countries whether they are prepared to accept some sort of fiscal compact involving a hard limit on debt," writes CIGI Senior Fellow Harold James in an op-ed with Jennifer Siegel, professor of history at Ohio State University. 

G20 final communiqué contains ‘virtually nothing’ for global economic agenda, CIGI reports say

Friday, 6 September 2013
article
The final communiqué from the 2013 G20 Summit contains no concrete decisions for advancing global economic policy, according to two new CIGI reports.