Different members of the ECB state that effects of monetary policy on banks’ profitability have been “broadly neutral”. Many also refer to papers defending that banks lend more under a negative rate scenario. Continue reading Negative Rates Have Damaged Banks, But That Is Not The Worst Effect
The G-20 Summit Will Not Change The Slow Growth Trend
The G20 Summit is likely to generate many headlines and few concrete measures. However: Continue reading The G-20 Summit Will Not Change The Slow Growth Trend
Does the US need a rate cut? No.
There is absolutely no need for a rate cut. Continue reading Does the US need a rate cut? No.
Much More Than A Trade War
In these weeks we have read a lot about the so-called trade war. However, this is better described as a negotiation between the largest consumer and the largest supplier with important political and even moral ramifications. This is also a dispute between two economic models. Continue reading Much More Than A Trade War