Though there is reason to believe that Germany may overcome the current economic downturn better than many of its European peers, in this blog, Julius questions this possibility after having a closer look at their economy’s reliance on an export-driven growth model.
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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.
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.)
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?
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.
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.