Antonio Fatas on the Global Economy

Tuesday, March 29, 2016

Central Banks need to get real (not nominal)

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While the ECB and Bank of Japan are exploring negative interest rates, the US Federal Reserve is preparing us for a slow and cautious increa...
Thursday, March 10, 2016

ECB: I cannot do whatever it takes

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The ECB just announced a further reduction in interest rates, extended its QE program by increasing the rate at which buys assets, beefed up...
Thursday, February 4, 2016

A 2016 recession would be different

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If the US or the Eurozone entered a recession this year, a few macroeconomic variables would look very different relative to previous recess...
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...
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