*Micro* becomes *Macro* and Macro-Financial Interactions
Gianluca Benigno points out that large and pervasive tariffs will have macro implications that spur deleveraging and a decline in R** in a...
Stay Tuned for Dollar Share of World FX Reserves
Miran et al. want to end exorbitant privilege and the dollar’s role as a safe asset.
Figure 1: US dollar reserves as share of...
The Yield Curve: Steepening *and* Inverting
The time series, for 3m10s, 2s10s, as well as 1yr-FFR spread Miller (2019) identifies as max AUROC recession predictor at 1 month horizon.
Figure...
A Lack of Government Capability at the State Level
In the US system of government, the federal government has shifted its empahasis toward becoming a pass-through device for money: it passes through...
Policy Uncertainty and VIX Down (from Pretty High Levels…)
Data available as of 11am CT today:
Source link
Conference: “Global Shocks, Macroeconomic Spillovers and Geopolitical Risks: Policy Challenges”
Here today:
EC-CEPR-JIE conference, 7-8 April 2025, European Commission, Brussels
Opening Remarks: Geraldine Mahieu (Director Investment, growth and structuralreforms, DG ECFIN, European Commission)
Session I: “Globalization...
Silicon Valley Humanists – Econlib
… the path forward will involve a reconciliation of a commitment to the free market, and its atomization and isolation of individual wants...
