Category Archives: Antonio Fatás

Antonio Fatas and Ilian Mihov on the Global Economy: QE and Stock Markets: Boom or Crash?


  Here is a follow up to my previous post about what to expect when Quantitative Easing is reversed. The point I made earlier is that the more likely scenario for tightening of monetary policy is that this will happen … Continue reading

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Antonio Fatas and Ilian Mihov on the Global Economy: Time travel in Euroland


  Unfortunately, this is not news by now, but the president of the Euro group, Jeroen Dijsselbloem in an interview with CNBC yesterday dismissed the role that fiscal policy and monetary policy can have to address the economic crisis (emphasis … Continue reading

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Antonio Fatas and Ilian Mihov on the Global Economy: Gross Mistake


  In a couple of recent posts Paul Krugman reminds us that interpreting data on debt as a sign of excessive spending and living beyond our means is incorrect. I have made this point before when looking at government debt.The … Continue reading

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Antonio Fatas and Ilian Mihov on the Global Economy: Cyprus: between hope and panic


  The Eurogroup announcement on Saturday of an agreement with the Cypriot authorities for a macroeconomic adjustment program came with a big surprise. The agreement involves a controversial “one-time-tax” on bank deposits. The tax is progressive starting with a lower … Continue reading

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Antonio Fatas and Ilian Mihov on the Global Economy: The Euro depression


  As we wait for the results of the Italian election, Europe is heading for yet another period of uncertainty. Governments in key countries (Italy, Spain, Greece, France,…) do not have the support to continue the path that has been … Continue reading

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Antonio Fatas and Ilian Mihov on the Global Economy: Celebrating negative growth


  GDP growth during the last quarter of 2012 turned negative in the US (-0.1%) and this came as a surprise to many.  Looking at the different components of GDP, the biggest decline happened in government spending and in net … Continue reading

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Antonio Fatás: No need to deleverage gross debt


No need to deleverage gross debt, by Antonio Fatás: The McKinsey Global Institute has produced a new report with the title “Debt and deleveraging: Uneven progress on the path to growth”. The report discusses the challenge for advanced economies to reduce high level of … Continue reading

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