Latest Macro Commentary

The Macro Commentaries are based on the FT Blogs by Gavyn Davies.

Macro Commentary

Gavyn Davies' Blog

Penny-pinching consumers could spell trouble for recovery

Penny-pinching consumers could spell trouble for recovery

May 26, 2020
US savings rates are pushing towards record...
Why the US jobless surge is worse than in Europe

Why the US jobless surge is worse than in Europe

May 18, 2020
America’s emergency aid supports those made unemployed...
After lockdowns, economic sunlight or a long hard slog?

After lockdowns, economic sunlight or a long hard slog?

May 5, 2020
Equities imply that economic activity will swiftly...
The deflation threat from the virus will be long lasting

The deflation threat from the virus will be long lasting

April 27, 2020
Supply lockdowns could cause bigger declines in...
The SDR is an idea whose time has come

The SDR is an idea whose time has come

April 20, 2020
An issue of new special drawing rights...
Do not count on a fast global economy bounceback

Do not count on a fast global economy bounceback

April 6, 2020
A very sudden stop has happened but...
Can the world economy “afford” this scale of fiscal and monetary stimulus?

Can the world economy “afford” this scale of fiscal and monetary stimulus?

March 25, 2020
By Gavyn Davies The measures being announced...
A strategy for the dysfunctional US Treasuries market

A strategy for the dysfunctional US Treasuries market

March 23, 2020
Fed could try yield curve control on...
What should macro policymakers do about the coronavirus?

What should macro policymakers do about the coronavirus?

March 2, 2020
The global economy faces a demand shock...
A crossover of fiscal and monetary policy

A crossover of fiscal and monetary policy

February 18, 2020
The twin pillars need to work together...
The Federal Reserve’s new inflation regime

The Federal Reserve’s new inflation regime

February 11, 2020
Forthcoming decisions on average targeting will determine...
Steven Mnuchin is wrong about climate economics

Steven Mnuchin is wrong about climate economics

February 4, 2020
The US Treasury secretary is dismissing the...