Central Banks’ New-Old Inflationary Bias
While rules-based monetary policy thrived when globalization put downward pressure on inflation, the COVID-19 pandemic has revived central bankers’ long-dormant preference for inflationary policies. This...
Author : Nelli Avetisyan
ECB is ready to start cutting interest rates, says chief economist – The Financial Times
The European Central Bank has sent a clear signal that it will cut interest rates from their historic highs next week, as its chief economist...
Bank of England to Sell All Remaining Bonds and Use Repos Instead to Manage Liquidity & Financial Stability – Wolf Street
“The Bank of England is not alone in facing these choices. Central banks around the world are grappling with similar questions as crisis-era asset purchase...
Hedge funds hit by lack of private equity exits – The Financial Times
Private equity’s struggle to return money to clients is hitting hedge funds, which rely on the same pension plans, foundations and endowments for fundraising. Hedge...
The Problem With Behavioral Nudges – WSJ
The concept of nudging has become popular in the past few years—using psychological tactics to subtly steer people toward making better decisions that are aligned...
UK Retail Sales Fell More Than Expected During Rainy Spell – Bloomberg
UK retail sales fell at the fastest pace this year as consumers delayed spending due to rainy weather, highlighting a threat to the economy’s fragile...
PODCAST: At the Money: Avoiding the Behavior Gap
Why do investors underperform their own investments? Why does this happen, and what can we do to avoid these poor outcomes? Carl Richards, author “The Behavior Gap:...
Forget macro and micro, it’s mesoeconomics that matters
This week BMW, Jaguar Land Rover and Volkswagen are in the crosshairs of the US Congress. The reason? A Senate committee report claiming that their...
Janet Yellen says many Americans still struggling with inflation – The Financial Times
US Treasury secretary Janet Yellen has said “substantial increases” in living costs are a “problem to a lot of people” as persistent inflation dents President...
Walmart and Target are slashing prices. What does that mean for inflation? – CNN
Americans might be noticing markdowns for some everyday essentials during their weekly grocery runs. That doesn’t mean the battle against inflation is won. Walmart saw...