Fed: When will rates be on the upside? It depends
Janet Yellen said nothing unexpected at the press conference following the meeting of the Monetary Policy Committee of the Fed. Forecasts for growth and inflation were adjusted and the amount…
A dynamic and cyclical approach to the global economy
Janet Yellen said nothing unexpected at the press conference following the meeting of the Monetary Policy Committee of the Fed. Forecasts for growth and inflation were adjusted and the amount…
You will find my Economic Outlook for June 2014 in the tag “Economic Outlook” above or by following the link – http://wp.me/P3O9DQ-yR
If you are curious then spend 5 minutes to read this discussion between Robert Gordon (see here) and Joel Mokyr (see here). The first considers that everything that is essential…
During the first quarter, the Fed’s balance sheet became larger than that of the ECB. Each balance sheet is now close to 23% of its respective nominal GDP. The chart…
The first chart compares industrial production’s profiles in Europe. It shows the main Euro Area countries plus the United Kingdom. With the exception of Italy for which economic outlook is…
Usually the low inflation rate in the Euro Area is explained by low and downward trending commodity prices. It’s easy to think that the risk of deflation comes from outside.…
In my previous post (here), I mentioned internal demand momentum in the Euro Area and in the United States. The chart below shows internal demand profile for both country or…
Look at this chart. It is households consumption plus investment (there is no distinction between public and private investment). In real terms its level is still 6,6% below it peak …
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