Antonio Fatas on the Global Economy

Sunday, January 10, 2016

BIS redefines inflation (again)

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An interview with Hyun Song Shin, economic adviser and head of research at the BIS, reposted in the BIS web site  reminds us of the strange ...
Monday, November 23, 2015

Counting backwards to the next recession

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In most advanced economies business cycles can be well characterized by a succession of long expansion phases that are interrupted by short ...
Thursday, October 29, 2015

The missing lowflation revolution

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It will soon be eight years since the US Federal Reserve decided to bring its interest rate down to 0%. Other central banks have spent simil...
Thursday, October 15, 2015

GDP growth is not exogenous

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Ken Rogoff in the Financial Times argues that the world economy is suffering from a debt hangover rather than deficient demand. The argumen...
Thursday, October 8, 2015

Savings glut and financial imbalances

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Martin Wolf in today's Financial Times discusses the reasons for low interest rates and suggests some interesting scenarios for the year...
Thursday, August 27, 2015

A third scenario for stock markets

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Robert Shiller on the New York Times argues that the stock market is expensive by historical standards using the cyclically-adjusted price ...
Monday, July 13, 2015

Micromanagement of European reforms

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The agreement between Greece and its Euro partners is full of very detailed policies to be approved by the Greek government in the coming we...
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