Understanding the Fed’s Dovish Turn
'The Fed has had to demonstrate its independence in the face of political pressures. In December, when it signaled further rate hikes, Trump had been calling for a pause,'...
A Mixed Economic Bag in 2019
Seven factors will shape the global economy this year, writes our guest columnist, a professor at New York University.
An Unconventional Truth
Simply put, we live in a world in which there is too much supply and too little demand. The result is persistent disinflationary, if not deflationary, pressure, despite aggressive...
The Changing Face of Global Risk
As was the case during the global financial crisis, investors today seem to be having difficulty in estimating, pricing, and hedging a variety of tail risks properly, writes NYU...
The Trapdoors at the Fed’s Exit
The exit from the Fed’s QE and zero-interest-rate policies will be treacherous, writes this NYU Stern School of Business economist. Exiting too fast will crash the real economy, while...
Ten Questions about Quantitative Easing
If quantitative easing and other unconventional monetary policies remain in place for too long, their side effects could be severe – and the longer-term costs very high, warns this...
The Deleveraging Blues
After a credit boom and bust, we face a long period of spending less and saving more, writes the well-known author and NYU Stern School professor.
