OPEC got his mojo back: Source: https://www.bloomberg.com/news/articles/2018-06-20/opec-races-to-salvage-oil-deal-after-iran-clashes-with-saudis The rise of the robots: Source: https://blogs.imf.org/2018/06/12/chart-of-the-week-japans-robots/
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Tightening of the ECB will come along with collateral damage: upward pressure on worldwide interest rates. The process has already started: Source: https://ftalphaville.ft.com/2018/06/18/1529320756000/European-recovery-is-bad-news-for-the-world-s-bond-prices-/ Jens Weidmann is likely to become the new president of the ECB. Lucky…
Your morning tea.
During my morning FTea (Financial Times + tea), I read an article by Chris Giles that contained some interesting graphs on the UK economy. However, I believe they might have been misinterpreted. The first graph was on…
Last year I wrote several articles on helicopter money in which I critisized the work of economists as Buiter (2016) and Boonstra (2016) who claimed that the implementation of helicopter money would guarantee higher inflation…
Exactly, there wasn’t any:
In these strange times of zero and negative interest rates, it might sometimes be hard to understand what Central Banks try to achieve with their unconventional policies. In order to understand the current unconventional policies…
I got back from vacation and I thought it was time to write a short blog about a subject that caught my attention before my vacation after reading an article on it. Central banks of developed countries…