http://www.group30.org/news.htm The Group of Thirty gathers international experts in economics and finance to collectively advise policymakers and practitioners on issues impacting the world economy. en-us 2008 Group of Thirty Mon, 14 January 2008 15:12:37 EDT http://www.group30.org/news.htm Harvard University professor Martin Feldstein offers some insights into current commodity price increases. Mon, 1 July 2008 http://www.group30.org/news.htm Former Treasury Secretary Lawrence Summers argues that the economy is in a dangerous moment, and he proposes four broad actions by legislators and regulators to address the problem. Sat, 29 June 2008 http://www.group30.org/news.htm In remarks to British lawmakers, Bank of England Governor Mervyn King said that inflation will exceed 4% in the near term, but the Bank will take necessary action to bring it down to the 2% target rate in the longer term. Thu, 26 June 2008 http://www.group30.org/news.htm In remarks at a European Parliament hearing, the ECB President also noted that risks to inflation remain in the near term. He expects inflation to begin moderating in 2009. Wed, 25 June 2008 http://www.group30.org/news.htm Kenneth Rogoff and Carmen M. Reinhart caution against the over-reliance on emerging market debt. Tue, 24 June 2008 http://www.group30.org/news.htm Martin Feldstein offers advice for policymakers to address the issue of declining home prices and mortgage troubles. He suggests creating a program of mortgage replacement loans to reduce the risk of increased defaults among mortgage holders. Thu, 19 June 2008 http://www.group30.org/news.htm Governor of the Bank of England, Meryvn King, declared in a speech that the Bank will do whatever it takes to bring inflation down to its 2% target rate. He stressed inflation targeting as crucial to avoid inflation expectations spiraling out of control. Thu, 19 June 2008 http://www.group30.org/news.htm The top priority for the People’s Bank of China is to contain inflation, according to Governor Zhou Xiaochuan. His comments were to reporters in Maryland, site of economic talks between the U.S. and China. Wed, 18 June 2008 http://www.group30.org/news.htm Jaime Caruana, Counselor and Director of the IMF's Monetary and Capital Markets Department, will co-chair an international working group of the IMF and several sovereign wealth funds (SWFs). The group's objective is to develop best practices for the funds and guidelines for how to move forward in the economy. Tue, 17 June 2008 http://www.group30.org/news.htm In a speech to the group of eight finance ministers in Japan, Governor of the Bank of Italy Mario Draghi remarked that financial markets had regained some stability. He also noted that the Financial Stability Forum will meet in London to discuss banking improvements and other financial regulations. Sun, 15 June 2008 http://www.group30.org/news.htm Bank of Israel Governor Stanley Fischer says that his Bank lacks an appropriate model to gauge inflation because of the shekel’s reduced importance. Also, he identifies the problem of an appreciating currency with rising inflation. Thu, 12 June 2008 http://www.group30.org/news.htm In an Amsterdam speech, Governor of the Bank of Italy Mario Draghi said that central banks are partly to blame for global financial problems because of their low interest rates that spurred easy credit and massive borrowing. Wed, 11 June 2008 http://www.group30.org/news.htm In a speech at the Economic Club of New York, the President of the Federal Reserve Bank of New York, Timothy Geithner, called for a new regulatory framework that encompasses both commercial and investment banks under one system. Mon, 9 June 2008 http://www.group30.org/news.htm President of the Federal Reserve Bank of New York, Timothy Geithner, offers five keys to strengthen the financial system and reduce risk. Sun, 8 June 2008 http://www.group30.org/news.htm As the Federal Reserve and the Treasury Department are working on reforming the regulatory structure of the U.S. economy, former U.S. Treasury Secretary Lawrence Summers offers his prescription on regulatory reform. Sun, 1 June 2008