Welcome to the new M&M Advisory website
Today we launch a major expansion of Markets & Money Advisory.
On our new website, you will find a lot more information about what we do – including our speaking, advisory, and research services.
If you’re a loyal reader of The Markets Monetarist blog, don’t despair! It stays here as an integral part of our operation – which will continue to focus on monetary policy and global financial markets.
Introducing Global Monetary Conditions Monitor
Our strong commitment to monetary analysis and advisory services only deepens with our new flagship publication, the monthly Global Monetary Conditions Monitor.
The Monitor’s purpose is not to predict or forecast monetary policy. Instead, its aim is to correctly measure the policy stances and interpret developments in the 25 countries covered.
We strongly believe that a country’s monetary stance should not be assessed solely by the level of nominal interest rates, but also by whether it is on track to hit the nominal target (e.g. inflation) over a given policy horizon – 2-3 years, for example.
One way of assessing this is through market inflation expectations. If these are below (or above) the central bank’s target (say, 2%) then monetary conditions are too tight (or too easy).
An alternative approach is to look at other monetary indicators – money supply growth, nominal demand growth, the exchange rate, and interest rates. This is exactly what the Monitor does. Based on these indicators, we have created a new Monetary Conditions Indicator for each of the 25 countries in the Monitor, as well as a separate indicator for Global Monetary Conditions.
The Monitor also includes inflation forecasts for all 25 countries over the next three years, based on our assessment of their policy stances and local and global conditions.
Our coverage now includes Australia, Brazil, Canada, China, the Czech Republic, Egypt, the euro area, Hungary, Iceland, Israel, Japan, Mexico, New Zealand, Norway, Poland, Russia, Singapore, South Africa, South Korea, Sweden, Switzerland, Tunisia, Turkey, the United Kingdom and the United States.
If you’d like to see other countries in the Monitor, please don’t hesitate to contact us.
Click here to see a sample page of our debut issue.
The Global Monetary Conditions Monitor is available from our new Research Shop for EUR 2,000 per 12-month subscription.
Once again, welcome to our new website! We hope you’ll find it interesting and we look forward to doing business with you.
Founder & CEO, Markets & Money Advisory