KENYA: Implications of the cabinet reshuffle
On 14 January, President Uhuru Kenyatta announced a surprise cabinet reshuffle as well as several policy initiatives aimed at shoring up his support base. Personnel changes at the ministries of health and agriculture appear to be motivated primarily by the lack of progress concer… Become a member to read the rest of this article […]
ARGENTINA: Sub-sovereign debt issue as prelude to broader negotiations
Yesterday, 14 January, Buenos Aires provincial authorities formalized their intention to delay an upcoming amortization payment of USD 250mn. The federal government had earlier indicated that it would not cover the payment, having previously made positive noises about the possibi… Become a member to read the rest of this article
MACRO: Trilateral talks a first step, but obstacles remain for WTO reforms
US Trade Representative Robert Lighthizer, Japanese Minister of Economy, Trade, and Industry Hiroshi Kajiyama, and European Trade Commissioner Phil Hogan issued a joint statement on 14 January that suggested the three parties had made progress in forging a joint proposal for upgr… Become a member to read the rest of this article
Macro Series – Comment – Overstretched: pushing the boundary of central bank policy
Conventional monetary policy is now all but exhausted in the major economies. Existing unconventional initiatives also appear to be subject to diminishing returns. Leaving the business cycle to its own devices is however not a viable public policy choice. The remaini… Become a member to read the rest of this article