Newsletters

October 1987?

... a better historical precedent for the recent market drop In October 1987 Dow Jones dropped 22.6%. The equivalent today ...
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/ Financial Markets

The new monopolies

Rethinking the definition of a monopoly A company exhibits anti-competitive behavior if it takes actions that block actual or potential ...
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/ Tech

New research on the forward guidance puzzle

A central banker's choice Following the arguments of Cochrane (2011), we demonstrate that adopting an “active” interest rate rule also ...
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/ Monetary Policy

The return of the zombies

Zombie firms have been on the rise and survive longer ... under some conditions low rates may generate long-lasting damage ...
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/ Economic Growth

Minsky moments

US and China heading towards a new Minsky moment Comparing the situations of the United States and China, where the ...
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/ Macro

Ageing populations and real interest rates

Ageing in advanced countries Projected population changes OADR=ratio of over-65s to 20-64 year olds Characteristics of ageing populations Demographics can ...
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/ Macro

Post-Yellen

What will Yellen pass on to Powell? ...an economy growing at potential with low inflation but also a large balance ...
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/ Monetary Policy

Eurozone’s safe assets

ESRB Task Force's conclusion on sovereign bond-backed securities ...is that a gradual development of a demand-led market for SBBS might ...
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/ Eurozone

New and noteworthy books (January)

When Things Don't Fall Apart - Global Financial Governance and Developmental Finance in an Age of Productive Incoherence Author: Ilene ...
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/ Books

The scandals

Index manipulation Paul Romer has argued that the World Bank manipulated the "Doing Business" index to show that Chile's economic ...
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/ Economic Growth

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