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Tuesday, October 18, 2011

Monetary

News                                                                                                                             
Market Watch | Fed should adopt GDP target, Goldman says
The Federal Reserve should target the level of gross domestic product, Goldman Sachs economists said ahead of a wave of speeches from central bank officials.
Market Watch | U.S. wholesale prices surge in September
U.S. wholesale prices rose sharply in September as the cost of gasoline and vegetables spiked, the government reported Tuesday. '

Econ Comments                                                                                                             
Fox Business | Fed Officials at Odds on Inflation Threat
Fissures at the Federal Reserve over the correct course of future monetary policy were on display Monday, with one top policymaker calling for further easing even as another suggested tighter policy may be needed.

Reports                                                                                                                         
NBER | Who Should Supervise? The Structure of Bank Supervision and the Performance of the Financial System
Using observations for 140 countries from 1998 through 2010, we find that supervisory responsibility tends to be assigned to the central bank in low-income countries where that institution is one of few public-sector agencies with the requisite administrative capacity.