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(1) Fiscal Policy and Growth Forecasts Do not Add Up! (1 min read)
Dominique Dwor-Frecaut digs through the detail on US fiscal plans. In her view current fiscal policy and growth forecasts are inconsistent leaving Fed policy normalization pro-cyclical.
(Dominique Dwor-Frecaut│15th July, 2021)
(2) US Inflation Is Still Benign (1 min read)
I analyse US June CPI data, adjusting for base effects by comparing to 2019 levels. Bottom line is that there is no evidence of widespread and persistent inflation.
(Bilal Hafeez│15th July, 2021)
Tailoring Regulations (Liberty Street Economics, 5 min read)
Monetary policy and the exchange rate under fiscal distress: Evidence from Brazil (VoxEU, 4 min read)
Intergenerational macroeconomics (SUERF, 6 min read)
Putin’s Dangerous Ukraine Narrative (Project Syndicate, 4 min read)