ALL BLOG POSTS
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.
Have a look at my comments on yesterday’s Fed hike.
The Federal Reserve is widely expected to hike the Fed funds target rate by 25bp today. The real question is how much more the Fed will deliver going forward. To get an idea about we are happy to give you a sneak preview on the “country page” for the US monetary policy from our soon to be launched Global Monetary Conditions Monitor (GMCM).
So here we go again – another Mountain bike ride and another MTB cast. This time we got three in one. First on Icelandic currency controls.
I have been out on a mountain biking this morning, but I could not help noticing the Czech inflation numbers for February. So have a look at my first MTB cast where I comment on the Czech inflation numbers.
Yesterday, we wrote a short post on Israeli monetary policy and linked to one page on Israeli monetary conditions to give an example of how the “country pages” in our – Markets & Money Advisory – new monthly flagship publication Global Monetary Conditions Monitor (GMCM) will look like. We expect to publish the first edition in March – coinciding with the launch of our new website.
It is hard to be very critical about the conduct of monetary policy in Israel. I have earlier praised the Bank of Israel (BoI) for essentially being an NGDP targetter and when Stanley Fischer was BoI governor nominal GDP basically was kept on a straight line (see here). And even though Fischer’s successor Karnit Flug initially back in 2014 kept monetary conditions slightly too tight (see here) it now seems like the BoI under Flug’s leadership is back on track.
Did you book your speaker for this year’s seminar or conference? You might as well book me!
The economic suffering of the Greek people is horrendous and it has to stop – interview on TRT World
Yesterday I was interviewed for TRT World about the Greek economy and possible Grexit. Have a look here.
Greece is once again back on the agenda in the European financial markets and we are once again talking about Greek default and even about Grexit. There seems to be no end to the suffering of the Greek economy and the Greek population. I must say that I have a lot of sympathy with the Greeks – they have terrible policy makers and no matter how many austerity measures are implemented there is no signs of any visible improvement either in public finances or in the overall economic performance.