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Bernanke’s latest monetary policy framework isn’t novel – it’s 90 years old

25th October 2017

Recently Ben Bernanke proposed a new framework for inflation targeting and monetary policy setting when interest rates are at the zero-lower bound (ZLB), exploring the idea that the Federal Reserve (Fed) should aim at price-level targets rather than inflation rates. Bernanke is at... Continue reading

The Bank of England prepares for a historic hike – is it jumping the gun?

24th October 2017

November 2, 2017 may go down as a historic day: it could be the first time in 3,773 days that the Bank of... Continue reading

Graphic Content – October: Explaining strong Eurozone growth?

19th October 2017

Last month I mentioned how a cyclical recovery in China over the past few months was driving commodities higher, and could do the... Continue reading

Graphic Content – September; Watch commodity prices

11th September 2017

Industrial metal prices have been on something of a tear since July, and unlike in the weeks and months post Trump’s election, the... Continue reading

This week could see a momentous signal from the ECB

4th September 2017

The European Central Bank’s (ECB) meeting on September 7th will be the next chance for the Governing Council (GC) to communicate its intentions... Continue reading

Graphic Content – August; Seasonality – the Trump card for the US Dollar?

8th August 2017

The start of 2017 saw near unprecedented speculative positioning linked to global ‘reflation’, Trumpmania meant that nowhere was this more pronounced than in... Continue reading

Graphic Content – July; spot the difference

11th July 2017

Despite noticeably weaker data in the UK, a weaker government, and the beginning of Brexit negotiations, hawkish rhetoric from the Bank of England... Continue reading