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inflation

This tag is associated with 10 posts

SPECIAL REPORT / PUTIN HAS FAILED ON RUSSIA’S ECONOMY

a research by Stefano Francesco Fugazzi (ABC Economics) – Vladimir Putin joined President Boris Yeltsin’s administration in 1996 where he rose quickly, becoming Acting President on 31 December 1999 when Yeltsin unexpectedly resigned. Putin won the subsequent 2000 presidential elections. Hereafter our ABC Economics infographic (based on the latest International Monetary Fund data – incl. their 2015 projections) pictures … Continue reading

EU Commission economic forecast (EU, Italy and Global) 

Hereafter a couple of snapshots from the European Economic Forecast (Autumn 2015 edition) published earlier this morning by the European Commission.             

Oil prices, inflation expectations, and monetary policy

An article originally appeared on VOXEU / The 2014 decline in oil prices lowered short-run inflation. Before the Global Crisis, the medium-term correlation between oil prices and inflation was weak, but it has become much stronger since the onset of the Crisis. This column suggests that following the onset of the Crisis, inflation expectations reacted … Continue reading

Monetary policy in a low growth, low interest rate environment

Speech by Mr Salvatore Rossi, Senior Deputy Governor of the Bank of Italy, at the “Roundtable on Monetary Policy in a Low Growth, Low Interest Rate Environment”, Istanbul Finance Summit, Istanbul, 8 September 2015. Source: BIS website The role of interest rates – short- or long-term, nominal or real – is pervasive in modern economies. … Continue reading

On the FED rate increase. Conceptual pitfalls and monetary policy errors

Hereafter an analysis by Andrew Levin originally published on 11 September 2015 on VOXEU regarding the FED’s monetary policy. As we know the Federal Reserve is on the verge of triggering the process of monetary policy tightening. In this article Professor Levin argues that the rationale for that policy judgement rests on faulty analytical assumptions about the labour market, inflation dynamics, … Continue reading

When low rates beget lower rates (and more debt)

Stefano Fugazzi (ABC Economics) – Between December 2014 and May 2015, an average of $2 trillion in sovereign debt, much of it being issued within the Eurozone, was trading at negative yields. Current interest rates (also known as “policy rates”) are lower than at the height of the 2008-09 crisis both in nominal and real terms. Although policymakers have … Continue reading

Beyond the Taylor rule. A New-Keynesian model to understand inflation and central bank policies

Stefano Fugazzi (ABC Economics) – Hereafter we present the main conclusions of a Bank of England research paper published on 10 July 2015 by John Barrdear (“Towards a New Keynesian theory of the price level”) where the author challenges the Taylor rule (also known as Taylor principle) under the Blanchard-Kahn conditions. A critique of the Taylor … Continue reading

UK election day 2015: economic indicators from Blair to Cameron + FORECAST

ABC Economics – UK economy + Misery Index forecasts (2015-2019)

Glossary GDP: PIL GDP growth forecast: tasso di crescita di PIL atteso inflation: inflazione unemployment: disoccupazione For an extended analysis of the Misery Index, please refer to Stefano Fugazzi’s ABC Economipedia. Download here the eBook: http://www.lulu.com/shop/stefano-francesco-fugazzi/abc-economipedia/ebook/product-22139587.html

A looser monetary policy will favour a weaker euro and a stronger economy

The euro has appreciated sharply since July 2012. This column introduces a CEPR Policy Insight which argues that the strong euro is not the result of a ‘currency war’. The Eurozone suffers from an overly restrictive monetary policy. The sooner the ECB adopts a more aggressive monetary stance, the sooner the recovery will take hold. … Continue reading

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