The $38 trillion U.S.

Professor Gianluca Benigno at the University of Lausanne took an in-depth look at global currency swaps, which have emerged as a key issue in #geopolitics. He offers the insight that the geopolitics o...

Disinflation continues, as tariff-driven inflation fears have yet to materialize. The current release suggests no change in the "wait and see" monetary policy approach.

This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 middle- and high-income countr…

This is a major structural shift to the global economy, here I review the basics.

An unexpected rise in inflation will likely dampen expectations for rate cuts, reinforcing the Fed's cautious stance and increasing the likelihood of a prolonged higher-for-longer rate environment.

It is still inflation that matters

Productivity is one of the key determinants of potential output—that is, the trend level of production consistent with stable inflation. A productivity growth slowdown has occurred in several advanced...

Reshaping Communication: The Bernanke Review will affect Central Banks’ communication beyond the Bank of England.

Still persistently high Core Inflation

Marked decline in supercore inflation would justify continuation of easing cycle in September

To depreciate the Swiss franc

The Fed’s trap is its backward thinking!

Elevated rental inflation poses a challenge to Bank of England communications as it approaches an easing cycle, but it should resist any temptation to delay cuts due to concerns over shelter costs, fo...