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...

Sticky core and goods inflation keep pressure on the BoJ’s cautious stance.

Headline CPI rose as regulated price increases took effect. More notably, there was a surprise uptick in services inflation, which climbed to 5.4%.

This note draws from remarks I delivered as part of the monetary policy outlook panel at the Bank of England Watchers’ Conference.

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

‘Draghi plus’ would make Europe take domestic demand seriously — and not before time

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

On the need to revisit globalization

A review of the key inflation trends among advanced economies and some policy implications

Post-pandemic voters: Heightened loss aversion and higher reference prices cloud perceptions of price stability

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!