Search results

US real interest rates are likely to return to trend

Location:

INTERNATIONAL

Real interest rates -- which matter more for economic activity -- remain negative. Real rates have been declining for centuries. While they are currently negative, this could…

Fed/ECB strategies renew monetary policy for the 2020s

Location:

INTERNATIONAL

The changes aim to improve the efficiency of monetary policy in the environment of lower interest rates, inflation and growth, in which deflation, stagnation or recession are…

Inflation expectations matter more than unemployment

Location:

INTERNATIONAL

The surge in inflation this year owes more to supply bottlenecks caused by the release of pent-up demand than to falling unemployment. In the decade before the pandemic, US…