There are many people whose brains are “data-free zones”, and this comment is one example of the resulting exposition.
Category Archives: financial markets
Guest Contribution: “What the GameStop Bubble Says about Financial Markets”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared at Project Syndicate.
Flash-mob finance
Modern communication infrastructure can facilitate swift simultaneous action by a large number of people. If used to coordinate a surprise attack, an organized mob can overcome a store or even the capitol building. Is Wall Street the next target?
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Guest Contribution: “The Impact of COVID-19 on Emerging Financial Markets”
Today, we are pleased to present a guest contribution by Steven Kamin (AEI), formerly Director of the Division of International Finance at the Federal Reserve Board. The views presented represent those of the authors, and not necessarily those of the institutions the authors are affiliated with.
Interpreting Spreads
Here is a graph of two spreads oft-cited: (1) a term spread, the 10 year-3 month spread, and (2) a spread between a nominal rate and a real rate, the 10 year Treasury yield and 10 year TIPS yield, commonly interpreted as the inflation breakeven. (I leave the credit spread for another post.)
The Strong Dollar Debate, Yet Again
(Somewhat repetitive of a 2007 post…)
Some Asset Market Reactions
Stock, currency and bond markets respond (up, up, yield up) on news of likely Democratic control of the Senate
Treasury Borrowing Rates – Nominal and Real
Rising government debt-to-GDP ratios should be viewed in the context of borrowing costs. Below, three-and-a-half decades of ten year Treasury yields.
Guest Contribution: “The effectiveness of macroprudential policies and capital controls against volatile capital inflows”
Today, we are pleased to present a guest contribution written by Jon Frost (Bank for International Settlements), Hiro Ito (Portland State) and René van Stralen (De Nederlandsche Bank). The views expressed represent those of the authors, and do not necessarily represent those of De Nederlandsche Bank, or any other institutions the authors are affiliated with.
Guest Contribution: “How the Coronavirus Crisis is Affecting Japanese and American Businesses: Evidence from the Stock Market”
Today, we’re fortunate to have Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI) as a guest contributor. The views expressed represent those of the author himself, and do not necessarily represent those of RIETI, or any other institutions the author is affiliated with.