If you would like to connect and contact the author,Sam van de Schootbrugge is a Macro Research Analyst at Macro Hive, currently completing his PhD in international finance. He has a master’s degree in economic research from the University of Cambridge and has worked in research roles for over 3 years in both the public and private sector.
In: Deep Dives | Monetary Policy & Inflation
Summary A new Fed working paper examines the US monetary policy spillovers to EMs, distinguishing between rate hikes arising from stronger demand…
In: Deep Dives | Fiscal Policy & Inequality
Summary A new IMF working paper examines the macroeconomic consequences of past pandemics. The recovery from Covid-19 may be slower and more…
In: Deep Dives | Equities
Summary A new Journal of Financial Economics paper examines equity returns over 170 years to test whether investing in stocks over long…
In: Deep Dives | Bitcoin & Crypto
Summary A new BIS working paper finds cryptocurrency investors tend to be young, educated, digital native males. Their overarching motivation to invest…
In: Deep Dives | ESG & Climate Change
Summary A new NBER working paper predicts US electric vehicle adoption for 2035 using current car buyer patterns, charging infrastructure and government…
In: Deep Dives | FX
Summary A new NBER working paper revisits the uncovered interest rate parity condition using survey data on exchange rate expectations. There are…
In: Hive Exclusives | Equities
The biggest European football tournament of 2020 has started – in 2021. France is the bookmakers’ favourite to win Euro 2020, but…
In: Deep Dives | Miscellaneous
One of our most iconic offerings at Macro Hive is the weekly Deep Dive. For it, we review academic papers that are…
In: Hive Exclusives | COVID-19
In this prime tracker, we review the latest vaccine developments globally. On the details: Global Outlook: This week, an average of 34.5mn…
In: Deep Dives | Economics
Summary Stanford University researchers quantify Covid-19’s effects on real estate markets within and across US cities. They find real estate demand has…
In: Deep Dives | Monetary Policy & Inflation
Summary A new NBER working paper shows that existing US surveys of professional forecasters and households poorly proxy firms’ inflation expectations. Their…
In: Deep Dives | Global
Summary A new BIS working paper explains how trends in capital flows have changed since the GFC. It highlights a decline in…
In: Hive Exclusives | Real Estate UK
Summary Average asking prices rose 1.8% on last month, 2.5 times higher than the average May increase over the last decade. Realtors…
In: Hive Exclusives | COVID Europe
In this prime tracker, we review the latest vaccine developments globally. This week, we’ve included China into our table, broken US and…
In: Deep Dives | Bonds Economic Growth US
Summary A new Journal of Financial Economics paper finds that the implied volatility from options on five-year Treasury note futures can predict…
In: Deep Dives | COVID
Summary A new NBER working paper examines the latest survey data to see if working from home will outlive Covid. They find…
In: Hive Exclusives | COVID UK
In this prime tracker, we review the latest vaccine developments globally. On the details: Global Outlook (Charts 1 & 2, Tables 1):…
In: Hive Exclusives | Monetary Policy & Inflation
Summary Inflation across G4 countries is tied to a common ‘global component’ that includes commodity prices, world trade and demand in major…
In: Hive Exclusives | COVID US
In this prime tracker, we review the latest vaccine developments globally. On the details: Global Outlook (Charts 1 & 2, Tables 1):…
In: Deep Dives | Credit
Summary A new IMF working paper examines the importance of bank lending in periods of economic expansion and assesses how a lack…
In: Hive Exclusives | COVID
In this prime tracker, we review the latest vaccine developments globally. This week, we’ve added the Q2 supply schedule for EU member…
In: Deep Dives | Europe
Summary A $75 carbon tax could affect up to 150,000 manufacturing jobs in the largest EU countries. The jobs could either be…
In: Deep Dives | Global
Summary A new Review of Financial Studies paper examines the pitfalls of mean-variance portfolio optimisation. It finds that historical sample moments are…
In: Hive Exclusives | COVID Europe
In this prime tracker, we review the latest vaccine developments globally. This week, we’ve added some brief commentary on the Johnson &…
In: Deep Dives | Commodities Economic Growth
Summary A new Journal of International Economics paper explores the link between commodity prices and financial stability in low-income countries. It finds…
In: Hive Exclusives | COVID
In this prime tracker, we will keep you up-to-date with the latest developments globally. This week, we’ve added infographics to the table,…
In: Hive Exclusives | COVID-19
In this prime tracker, we will keep you up-to-date with the latest developments globally. This week, we’ve added some charts on Israel,…
In: Deep Dives | Real Estate
Summary One of big data’s many benefits is that it can supplement lower-frequency macroeconomic data with daily series across a wide range…
In: Hive Exclusives | COVID-19
In this prime tracker, we will keep you up-to-date with the latest vaccination developments globally. This week, we’ve added Thailand to the…
In: Deep Dives | ESG & Climate Change
Summary Every dollar spent on carbon-neutral or carbon-sink activities generates over a dollar’s worth of economic activity, finds a new IMF working…
In: Hive Exclusives | COVID-19
In this prime tracker, we will keep you up-to-date with the latest global vaccine developments. This week, we’ve added more detail on…
In: Deep Dives | Monetary Policy & Inflation
Summary A Federal Reserve Bank of Cleveland working paper documents systematic differences in forecasting accuracy among participants of the ECB’s SPF. Forecaster…
In: Hive Exclusives | COVID
Vaccination rollouts are well underway. In this prime tracker, we will keep you up-to-date with the latest developments globally. On the details:…
In: Deep Dives | COVID Labour Market & Inequality
Summary A new FEDS note finds that the CARES act has significantly reduced the share of US borrowers in delinquency and/or forbearance.…
In: Deep Dives | COVID Equities
Summary A new Journal of Corporate Finance paper shows that higher country-level ESG ratings are associated with lower IPO underpricing. IPOs issued…
Summary A new NBER working paper examines which models are best for forecasting the nominal exchange rate. It finds evidence that the…
In: Hive Exclusives | COVID Equities FX Global
Summary Vaccination rollouts are accelerating, and global Covid-19 cases are dropping. Early data from Israel suggests vaccinations are working, with hospitalised patients’…
In: Deep Dives | Asia China Economic Growth
Summary A BIS working paper creates a new alternative measure for estimating China GDP growth. The measure uses provincial macroeconomic data and…
In: Hive Exclusives | Real Estate US
Summary The US housing market had a stellar year in 2020, recording YoY growth rates last seen in 2005. Housing transaction data…
In: Deep Dives | Economic Growth Equities
Summary A new NBER working paper investigates the importance of founding members to the long-term success of start-ups. Start-ups with higher-than-average skills…
In: Deep Dives | Global
Summary A new NBER working paper measures how behaviours such as risk-taking, preference for lottery stocks and trend chasing vary depending on…
In: Hive Exclusives | COVID Real Estate UK
Summary Nationwide figures show a 0.3% MoM fall in house prices, the first in six months. Annual growth rates have dropped but…
In: Deep Dives | Asia China Equities Politics & Geopolitics US
Summary A new BIS working paper uses deep learning methods to assess the impact of US-China trade sentiment on up to 60…
In: Deep Dives | Bitcoin & Crypto
Summary A new Journal of Banking and Finance paper explores how best to measure liquidity in cryptocurrency markets using only low-frequency data.…
In: Hive Exclusives | Economic Growth Labour Market & Inequality Real Estate UK
Summary Average asking prices fell 0.9% on last month, according to the latest Rightmove data. YoY changes remain positive, but early-pandemic momentum…
In: Deep Dives | Fiscal Policy & Inequality Labour Market & Inequality
Summary A new NBER paper explores the origins of wealth using a unique granular dataset. They find labour income drives wealth inequality…
In: Deep Dives | Labour Market & Inequality US
Summary A new NBER working paper reveals a recent surge in job listings requiring AI-specific skills, based on Burning Glass job vacancy…
In: Deep Dives | Global Monetary Policy & Inflation
Summary Inflation expectations are an important component of Central Bank inflation measures. Using household and firm survey data, the Bank of Canada…
In: Deep Dives | Economic Growth Global
Summary The OECD has created a Weekly GDP Growth tracker using 263 Google Trends search topics. The tracker is highly correlated with…
In: Deep Dives | Bitcoin & Crypto
Summary The challenge of valuing bitcoin lies mainly in identifying how token-holders will use the currency moving forward. With it being a…
In: Deep Dives | COVID FX Global Monetary Policy & Inflation
Summary: The US, EU, Japan and China account for 50% of world GDP. Their exchange rates have been experiencing a long-term secular…
In: Hive Exclusives | COVID Europe US
Summary US COVID cases are rising quickly and could continue to rise for at least another two weeks. The latest research estimates…
In: Hive Exclusives |
Monetary Policy Next Thursday, we have policy rate announcements from the Riksbank and BoK. On speeches, Deputy Governor’s of the Bank of…
In: Deep Dives | COVID Labour Market & Inequality
Summary Up to half of US workers have been working from home during the pandemic. Employees and managers alike view this transition…
In: Hive Exclusives | COVID Global
Introduction Following last week’s vaccine news from Pfizer, we welcomed Professor Justin Stebbing back onto our podcast show. We first interviewed Justin…
In: Hive Exclusives |
Monetary Policy Policy rates are due to be announced by the South African, Turkish, and Indonesian Central Banks this week. On speeches,…
In: Deep Dives | COVID Economic Growth Equities Labour Market & Inequality US
Summary US GDP data reveals hospitality and mining suffered most during COVID-19 first wave. Around 60% of US workers are employed in…
In: Hive Exclusives | COVID Global
Summary Pfizer has just reported promising results for their COVID vaccine. A vaccine is likely to help economies whose sectors have been…
In: Hive Exclusives | COVID Global
Summary 1% of Belgium’s population contracted the virus last week. This is the highest weekly increase in population-adjusted cases on record. France,…
In: Deep Dives | Equities
Summary Investors and media outlets pay significant attention to analysts’ ‘top pick’ stock recommendations. This attention is justified: the picks offer large…
In: Hive Exclusives | COVID US
Just days away from the US election, the public health debate continues to dominate this year’s campaign. Here is an update on…
In: Deep Dives | Bitcoin & Crypto
Introduction The transition to digital money is inevitable and imminent. According to the BIS, at least a fifth of the world’s population…
In: Hive Exclusives | COVID Global
Overview Last week, France, Italy, Germany and the UK all recorded their largest daily increase in new cases since mass testing began…
In: Deep Dives | ESG & Climate Change Global Labour Market & Inequality
Executive Summary Elite members of economies currently face intense scrutiny, yet not all are created equal. Academics at the University of St.…
In: Hive Exclusives | COVID UK
With Prime Minister Boris Johnson unveiling a new three-level alert system, we look at the ongoing COVID-19 developments in the UK. Cases…
In: Hive Exclusives | FX Global Monetary Policy & Inflation
Apple’s October ‘special event’ is just one week away, spelling the arrival of a new iPhone – probably the 12. In the…
In: Deep Dives | Equities
The Study in a Nutshell Exchange-traded funds (ETFs) are one of the most popular investment vehicles. However, there have been persistent concerns…
In: Hive Exclusives | COVID Global
Summary: Deaths reach 1 million, placing COVID-19 among the top 20 deadliest pandemics Average daily deaths are now higher than most leading…
In: Hive Exclusives | Bonds Equities FX Politics & Geopolitics US
Going into this year’s US presidential election, we have a Republican incumbent whose party currently holds majority control in the Senate but…
In: Deep Dives | FX
The academic paper we review this week shows that a carry trade in volatility, a long-short strategy that buys implied volatility at…
In: Hive Exclusives | COVID Global
As the COVID-19 second wave takes hold, differences in government responses appear unable to explain differences in infection rates across European countries.…
In: Deep Dives | Credit
The Study in a Nutshell A new BIS paper finds that Big Tech lenders using big data to assess creditworthiness hold informational…
In: Deep Dives | Bitcoin & Crypto
The Study in a Nutshell From 1 March 2017 to 31 March 2018, the actual Bitcoin price rose from around $1,191 to…
In: Deep Dives | Global
Introduction Policymakers need timely information on capital flows to inform decisions on monetary policy and foreign exchange intervention. Official balance of payments…
In: Deep Dives | Equities Politics & Geopolitics US
With the US presidential elections a little over two months away, what can we infer from the existing body of literature around…
The Study in a Nutshell There has always been a question of how hedge funds and asset managers make money. By exploiting…
In: Deep Dives | Monetary Policy & Inflation
The Context A new IMF paper looks at how innovations in information and communication have (i) provided greater opportunities for new financial…
In: Deep Dives | COVID ESG & Climate Change
The Study in a Nutshell The World Health Organization declared COVID-19 a global pandemic on 11 March 2020. Almost no country has…
Changing Behaviour is More Important Than Easing Lockdown Measures The COVID-19 pandemic has dealt both health and economic blows. As new data…
In: Deep Dives | Equities Fiscal Policy & Inequality Labour Market & Inequality US
The Tax Cuts and Jobs Act – Some Win, Some Lose, Markets Got It Wrong On the 22 December 2017, President Trump…
In: Deep Dives | Labour Market & Inequality US
A provocative new paper argues that US labour market data contains several biases that systematically understate the level of unemployment in the…
In: Deep Dives | Bonds Equities
The global economy’s problematic re-emergence from the Great Recession revived interest in Alvin Hansen’s 1939 secular stagnation hypothesis…
In: Deep Dives | Asia China FX
In 2016, the IMF included the Chinese renminbi (RMB) in the Special Drawing Rights (SDR) basket with a weight of 10.9%. Prior to its inclusion, this…
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