Five years after the Global Financial Crisis of 2008-2009, the recovery of the global economy is proceeding, despite a weak first quarter in 2015. Over the past few months risks for global activity stemming from Greece and China have diminished, clearing the way for a gradual removal of accommodative monetary policy.
President Trump has an almost unique opportunity to reshape the personnel and legal underpinning of the Federal Reserve in the next 12 months.
The fixed income asset class has produced spectacular returns for the past three decades.
The financial markets have been driven by the “global reation" theme since mid 2016.
Can modern macroeconometrics help?
We document a significant decline in long-run GDP growth in the United States, the bulk of this slowdown occurred prior to the Great Recession.
The authors analyse multi-asset trend, carry, and volatility returns, explaining why they exist, the benefits they confer to a traditional balanced portfolio, and the risks.
A debate on Emerging Markets, with Gavyn Davies, Maurice Obstfeld, Alan Taylor and Dominic Wilson