Antonio Fatas on the Global Economy

Tuesday, May 31, 2016

How informative is the slope of the Yield Curve?

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The yield curve is becoming flatter. The difference between the 10-year and 2-year government bond is now approaching 1%. The yield curve te...
Wednesday, May 4, 2016

World growth: mediocre or pathetic?

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The recent disappointing performance of the world economy has been labelled as the "new mediocre" by Christine Lagarde , the ...
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 ...
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