Hints and tips:
...“It’s been quite an accomplishment to rein in market enthusiasm from six [or seven] rate cuts to three,” said Vincent Reinhart, chief economist at Mellon....
...Pausing the rate-rising campaign altogether would mark an abrupt U-turn for the central bank, which had as recently as this month raised the prospect of accelerating the pace of rate rises with a half-point...
...“It’s very grim,” says Carmen Reinhart, the World Bank’s chief economist....
...“Central banks seem to have dropped their pre-emptive approach for dealing with inflation,” says Mark Dowding, chief investment officer at BlueBay Asset Management....
...The AskBio deal marks Bayer’s entry into the novel therapeutic approach of gene therapy, Olaf Storbeck and Hannah Kuchler report....
...“Lots of things have got better, but we have to be careful about viewing it as a universally beneficial thing,” said Mark Read, chief executive of WPP....
...Kenneth Rogoff and Carmen Reinhart famously found that growth rates fall when debt reaches 90 per cent of gross domestic product....
...The coronavirus outbreak risks triggering a global surge in food prices, with particularly dire consequences for developing countries, write Carmen Reinhart and Rob Subbaraman....
...The so-called “century bond” traded as low as 66 cents on the dollar, before stabilising around the 67 cents mark....
...“We’ve not finished fighting and we’re not going away,” vowed Ann Marie Reinhart, who worked as an assistant store manager in North Carolina....
...Again, excessive growth of credit almost always leads to crises, as Carmen Reinhart and Kenneth Rogoff showed in This Time is Different ....
...It would mark a profound transformation in the relationship between the Fed and the Treasury. Capital is mobile now. It was not then....
...And, as Kenneth Rogoff and Carmen Reinhart have shown, once government debt exceeds around 90 per cent of GDP, it clogs up the arteries of growth....
...For more on the economics of sovereign debt restructuring you can check out Michael Tomz and Mark Wright’s NBER paper, “Empirical research on sovereign debt and default” and Carmen Reinhart and Ken Rogoff...
...in the light of Argentina’s return to the international capital markets last week with a $16.5bn debt offering at yields ranging from 6.25 per cent for three-year paper to eight per cent at the 30-year mark...
...On the surface, their forecast of employment was also quite close to the mark....
...In Xi Jinping’s case, it marks the reverse: an acceptance that China is better served by lower but better quality growth....
...Mark Carney, Bank of England governor, has responded by stressing how “gradual and limited” interest rate rises will be when they come....
...Economists Michael Tomz and Mark Wright have examined the history of 176 countries from 1820 to 2013, and counted 248 defaults on foreign debts by 107 countries....
...As Mark Blyth of Brown University notes in a splendid new book, great economists of the 18th century, such as David Hume and Adam Smith warned against excessive public debt....
...The next speaker that day was Ms Reinhart, who presented a paper called After the Fall....
...(Reuters) COMMENTS AND CURIOS Fed study: rate peg off mark (WSJ) Of debt, growth, interest rates and history (Bloomberg – Reinhart) Germany is a weight on the world (Financial Times Wolf) Assad is using...
...- Reinhart & Rogoff still not the prime mover of austerity politics....
...The G20 discussions mark the end of a week of spring international economic meetings, which have highlighted big divergences in economic policy around the world and the minimal level of co-ordination between...
...What marks out the recent recession is not the weakness of the recovery, but that of the contraction....
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