Kategorie: Allgemein
-
US economy: on course for a soft landing so far – political risks are high
The presidential elections are coming up in the United States this year. This is reason enough to take a closer look at the US economy.
-
What the International and Monetary Economics Network liked this week: What drives exchange rates, central bank operating systems, the essentiality of money, and much more…
„The discrepancy between the macroeconomy and household sentiment has given rise to several competing theories to explain the apparent disconnect.“
-
What IMEN liked this week: International capital flows, climate risk panel, geoeconomics, and much more…
Great news! The External Wealth of Nations database was updated with complete year-end 2022 data. A fantastic resource for researchers
-
What IMEN liked this week: Geoeconomics, the OECD Economic Outlook, the Production of Monetary Policy Ideas, and much more…
Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy Implications: Macro Musings with David Beckworth https://directory.libsyn.com/episode/index/show/macromusings/id/28907878? “Many creditors, one large debtor” by Gian Maria Milesi-Ferretti: OECD Economic Outlook November 2023: GDP growth has been stronger than expected so far in 2023, but is now moderating on the back of tighter financial conditions, weak trade…
-
Weak Global Economy
The global economy expanded slightly stronger in the third quarter of 2023, at 0.9%, compared to the second quarter. Notable were the significant differences between the various economic regions. The societal and economic burdens of recent years, especially the pandemic and the energy price crisis, have led to different economic consequences and policy responses in…
-
Global Economy Remains Weak
The world’s largest economies – the United States, China, and the Eurozone – will all grow only moderately, dampening global economic growth. International forecasters expect the world economy to grow at modest rates in 2023 and 2024.
-
What IMEN liked this week: The production of monetary policy ideas, central bank digital currencies, the noncyclical rate of unemployment, and much more…
“Federal Reserve Structure and the Production of Monetary Policy Ideas” by Michael D. Bordo and Edward S. Prescott: https://www.clevelandfed.org/publications/working-paper/2023/wp-2329-frs-structure-and-monetary-policy-idea-production The new “IMF’s Central Bank Digital Currency (CBDC) Virtual Handbook is a reference guide for policymakers and experts at central banks and ministries of finance. It also serves as the basis for the IMF’s engagement with…
-
What IMEN liked this week: Historical European business cycles, money markets, US pandemic savings, and much more…
“European business cycles and economic growth, 1300-2000” by Stephen Broadberry and Jason Lennard: https://cepr.org/voxeu/columns/european-business-cycles-and-economic-growth-1300-2000 Interesting ECB Conference on Money Markets 2023: https://www.ecb.europa.eu/pub/conferences/html/20231109_money_markets_conference.en.html How Fast Are Americans Drawing Down Their Pandemic Savings? Fiscal Capacity: An Asset Pricing Perspective by Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, and Mindy Z. Xiaolan: https://www.annualreviews.org/doi/full/10.1146/annurev-financial-110921-103651? Hidden Exposure: Measuring US Supply…
-
What IMEN liked this week: Macroprudential policy, risk-sharing, inflation expectations, and much more…
5th ECB macroprudential policy and research conference on macroprudential policy: “The aim of the conference is to bring together academics, central bankers and interested market participants to discuss topical issues and new frontiers in macroprudential policy.” https://www.ecb.europa.eu/pub/conferences/html/20231017_5th_ecb_imf_conference.en.html “Changing Patterns of Risk-Sharing Channels in the United States and the Euro Area”: “We show that there is…
-
Seeing labor shortages as an opportunity
The US politicians have once again made things exciting. As they have done so often in the past, they only agreed to raise the debt ceiling again after months of negotiations.