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Macro Series – Global Letter – Monetary Finance – Redux

Macro Series - Global Letter - Monetary Finance - Redux | Speevr

Policymakers are not quite there yet, but are edging towards outright monetary finance. Forward thinking We have long argued that what was once considered unconventional monetary policy was here to stay and, if anything, likely only to become more unconventional. This st…   Become a member to read the rest of this article Username or […]

Macro Series – Global Letter – The day after tomorrow

Macro Series - Global Letter - The day after tomorrow | Speevr

The real challenge, for policy and more, will come after the virus recession is over. You wouldn’t choose to start from here. But the reality is that after a long, hesitant, and uneven upswing, the world economy is being tipped into recession – by a virus. The consensus – …   Become a member to […]

Macro Series – Global Letter – Easy Target

Macro Series - Global Letter - Easy Target | Speevr

The Bank of England has come under attack for cutting rates. This is unfair and misguided. Back to the bottom The Bank of England has followed the example of the Federal Reserve, and slashed its major policy rate by 50bps. UK Bank Rate is now back down at a 326-year low …   Become a […]

Chart of the month – Monetary policy in advanced economies – January 2020

Chart of the month - Monetary policy in advanced economies - January 2020 | Speevr

Central bankers made a significant volte-face in 2019 … but they now retain limited latitude to respond to new negative shocks 1.    Slower economic growth and sagging inflation prompted a broad shift towards monetary easing in 2019.   The decelerat…   Become a member to read the rest of this article