Antonio Fatas | TalkMarkets | Page 2
Professor of Economics at INSEAD
Antonio Fatás is professor of Economics at INSEAD. He received his PhD in Economics from Harvard University. He is a Research Fellow at the Centre for Economic and Policy Research in London and has worked as external consultant for international organizations such as the International ...more

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You Can Lower Interest Rates But Can You Raise Inflation?
Last week the BoE lowered interest rates. Combined with previous moves by the ECB and the Bank of Japan and reduced probability that the US Fed will increase rates soon, it's a reminder that any normalization of interest rates will have to wait.
9, 8, 7, 6.7,... Speculating On China Growth
The deceleration of China's GDP growth rate has been seen both as a natural transition towards more sustainable growth rates and a sign that the Chinese model of growth is coming to an end.
The Asymmetry Of Inflation Or The ECB?
Draghi admits that the ECB is having a very difficult time reaching its target and he is now hoping this will happen by 2018.
How Informative Is The Slope Of The Yield Curve?
The yield curve is becoming flatter. The yield curve tends to get flatter when the economy reaches the end of an expansion phase and it is many times seen as a predictor of future recessions.
World Growth: Mediocre Or Pathetic?
The recent disappointing performance of the world economy has been labelled as the "new mediocre" by Christine Lagarde, the "new reality" by Olivier Blanchard and the "new normal" by many others.
Central Banks Need To Get Real (Not Nominal)
While the ECB and Bank of Japan are exploring negative interest rates, the US Federal Reserve is preparing us for a slow and cautious increase in short-term interest rates.
ECB: I Cannot Do Whatever It Takes
The ECB just announced a further reduction in interest rates, extended its QE program by increasing the rate at which buys assets, beefed up the TLTRO program and extended its horizon.
A 2016 Recession Would Be Different
If the US or the Eurozone entered a recession this year, a few macroeconomic variables would look very different relative to previous recessions.
BIS Redefines Inflation (Again)
Inflation is a global phenomenon, not a national one. Monetary policy has very little influence on inflation, demographics and globalization are much more relevant factors.
Counting Backwards To The Next Recession
In most advanced economies business cycles can be well characterized by a succession of long expansion phases that are interrupted by short recessions.
The Missing Lowflation Revolution
It will soon be eight years since the US Federal Reserve decided to bring its interest rate down to 0%.
GDP Growth Is Not Exogenous
The level of GDP depends on its history, what economists call hysteresis. In that world reducing the depth of a crisis or shortening the recovery period has enormous benefits because it affects long-term GDP.
Savings Glut And Financial Imbalances
In the Financial Times, Martin Wolf discusses the reasons for low interest rates and suggests some interesting scenarios for the years ahead. I agree with most of what he says but I have doubts about the role that he assigns to central banks.
A Third Scenario For Stock Markets
A higher CAPE means that investors should expect a lower return if they buy the stock market today compared to an average year in the past.
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