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...Nielsen, chief economics adviser at UniCredit Bank....
...“It doesn’t really matter,” said Erik Nielsen, chief economics adviser at UniCredit. The potential threat to central bank independence from losses was “weak”, he said....
...Erik Nielsen, chief economics adviser at Italian bank UniCredit, said the Nordic data “vindicated” his view that much of European inflation stemmed from energy and food supply shocks, and not strong demand...
...Some, such as Erik Nielsen, adviser to UniCredit, said the results showed the ECB could have been more cautious in raising rates since the initial inflation conditions were weak....
...“Pipeline inflation is coming down, and eurozone GDP looks outright ugly now,” said Erik Nielsen, chief economic adviser at Italian bank UniCredit....
...Erik Nielsen, chief economics adviser at UniCredit bank, said the ECB’s own projections showed wages would barely keep pace with prices if measured from the onset of the inflation shock....
...But there is an “elephant in the room”, as UniCredit economist Erik Nielsen noted in a post-IMF spring meetings briefing: rising geopolitical tensions between China and the west are bringing “the most profound...
...This came just before wages accelerated again. 8: Recency racket This misdemeanour was suggested to me by Erik Nielsen, adviser to UniCredit, and I am grateful....
...Erik Nielsen of UniCredit explains why....
...Erik Nielsen, chief economics adviser at Italian bank UniCredit, said the SVB collapse was “a perfect example of the trouble with pre-announcing policies”, as the ECB did following its meeting in early February...
...“It’s awkward, to say the least,” said Erik Nielsen, chief economics adviser at Italian bank UniCredit, adding that it put the ECB in “between a rock and a hard place” as it tried to fight inflation and...
...“It doesn’t matter in economic terms because a central bank can function just fine with less capital, indeed even with negative capital,” said Erik Nielsen, chief economic adviser to Italian bank UniCredit...
...“The odds are that the eurozone will suffer a recession — at least two quarters of negative growth,” said Erik Nielsen, chief economics adviser to UniCredit....
...“Lagarde doesn’t lead in the same way, rather it seems she manages the governing council,” says Erik Nielsen, chief economics adviser at Italian bank UniCredit....
Berlin needs to raise public investment and fund the transition to a greener future
...But as Erik Nielsen, chief economic adviser at UniCredit Bank, points out, Berlin’s €200bn fiscal bazooka deploys a “fair amount of trickery” to ensure it remains compliant with the country’s borrowing rules...
...Erik Nielsen, chief economic adviser to Italian bank UniCredit, said: “What if rightwing candidates do well and the bond market sells off — should the ECB intervene then?”...
...The Netherlands Philharmonic Orchestra plays well under Erik Nielsen’s direction....
...“The world is in really bad shape,” said Erik Nielsen, chief economics adviser at UniCredit. “Particularly in Europe, where we have entered stagflation now.”...
...Erik Nielsen, economic adviser to UniCredit, said it was inevitable “we are heading into a prolonged period of deglobalisation” — a process that would raise costs and prices for goods and services....
...Erik Nielsen, chief economics adviser at UniCredit, said: “In six months time, I bet the conversation will be all about the Italian election and what happens after Draghi.”...
...“We’ll pay the price for the premature tightening as we move through 2023-24 in the form of lower growth, higher unemployment and inflation well below 2 per cent,” said Erik Nielsen, chief economics adviser...
...Erik Nielsen, adviser to UniCredit, said the main thing economists knew was how little they knew....
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