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What monetary condition are you in?

What good are Monetary Conditions Indices (MCIs), we recently asked Roger. His answer was, for once, quite compelling: Well, even if we hardly have any interest rate left, we still want to understand how monetary policy works. That’s why the use of MCIs are even more important these days.

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Dependence day

In this week’s blog Roger takes a look at some of the arguments for central banks staying independent. Not from politicians, though, but from each other. Alas, for the smaller ones, it might not be as easy as just having a flexible currency.

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Taylor rules!

If you feel that this week’s post is of surprisingly high quality, it is probably because Roger has relied on ideas and input from a couple of esteemed colleagues, Alexander Pelle and Wadsworth Sykes, from our NY office. The theme? – Taylor rules! (And we think he means that literally.)

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2018 Outlook Politics

In this first blog of 2018, Roger puts out a call to arms for 2018. Politicians in general and European ditto in particular, he says, must now take responsibility for a continued strong and equitable growth. Is Roger really anything but a spectre haunting Europe, we ask?

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Big in Japan

In Hemingway’s “The Sun Also Rises” the purposeless scion Mike tells the protagonist Jake of the two ways he went bankrupt: “Gradually and then suddenly.” We would not be surprised if this dialogue inspired Roger to write this week’s piece on public debt in the land of the rising sun.

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Party animals with a deaf-ear

Next week’s FOMC-meeting will prove interesting indeed. “Mysteriously” low inflation and continued monetary policy contraction do not mix. Roger believes this means the FED will soon pause. What do you think?

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Black gold or a curse?

We are in the run-up to the 173rd OPEC meeting, and of course our layman oil analyst couldn’t let such an opportunity pass unnoticed… So, what’s up with oil Roger?

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Long only

We like to think of Roger as our very own “Éminence grise”, not because we think he’s very influential (God forbid!), but rather because he is such a perfect representative of the dismal science. In this week’s piece on fundamental stock market valuations we see him make yet another triste figure.

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Doing the unthinkable

This week, our sometimes quixotic Roger Josefsson has set out to do the unthinkable and fight the long run Phillips curve! Does he succeed? Let us just say that he would probably have done better tilting at windmills.

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