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21.05.26 - 15:36
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Britain′s politicians need to worry less about the bond markets – and more about the Bank of England | Daniela Gabor (The Guardian)
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A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative changeDaniela Gabor is professor of economics and macrofinance at Soas, University of LondonA spectre is haunting British politics: the bond markets.Defending Keir Starmer after the disastrous local election results earlier this month, the chancellor, Rachel Reeves, warned that a leadership contest would trigger the wrath of those investors who lend the state money by buying and selling UK government bonds (also known as gilts). The prospect of Andy Burnham winning that contest prompted shriller warnings: the left-leaning contender, after all, had dared to suggest governments should stop “being in hock” to the bond markets.Daniela Gabor is professor of economics at Soas, University of London Continue reading......
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15.05.26 - 13:01
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Wochenausblick: KW 21 (Helaba)
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Fed: Kevin „Thomas Becket“ Warsh? Kevin Warsh löst Jerome Powell als Fed-Chef ab. Im Interesse der US-Wirtschaft ist zu hoffen, dass Konflikte mit Präsident Trump nicht lange auf sich warten lassen.. --- Deutschland: Unternehmensbefragungen stehen an. Mehr als zehn Wochen Irankrieg gehen nicht spurlos an den deutschen Unternehmen vorbei. Das ifo Geschäftsklima dürfte im Mai erneut schlechter ausfallen.. --- Großbritannien: Führungskrise trotz solidem Wirtschaftswachstum. Das Wirtschaftswachstum fiel im ersten Quartal gut aus. Trotzdem führt die steigende Inflation zu hohen Renditen bei Staatsanleihen. Premierminister Starmer kämpft um seinen Posten..
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11.05.26 - 18:06
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Megan Greene on How the BOE Is Dealing With Supply Side Shock (Bloomberg)
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When global economies face one transitory shock after another, whether it's supply chain disruptions, the war in Ukraine or the war in Iran, are central banks equipped to deal with them?
Bank of England's Megan Greene joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss the compounding effects of all these shocks and why, for now, she remains squarely focused on the risks of higher inflation. (Source: Bloomberg)...
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11.05.26 - 10:36
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The Bank of England′s Megan Greene on Monetary Policy in a World of Supply Side Shocks | Odd Lots (Bloomberg)
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Ever since Covid, central banks around the world have had the same problem. They have tools that are designed to modulate demand, but so many challenges have involved the supply side of the economy. Whether we're talking about supply chain disruptions, the war in Ukraine, and now the war in Iran, these are all issues for which monetary policy is of limited value. Of course, the temptation is to "look through" these issues, recognizing the fact that these disruptions don't say much about the actual underlying state of the economy. On this episode we speak with Megan Greene, an external member of the Monetary Policy Committee at the Bank of England. We talk about the compounding effects of all these shocks (including the trade war), how she's thinking about the first- and second-order effects of each one, and why, for now, despite the underlying weakness of the UK economy, she remains squarely focused on the risks of higher inflation. (Source: Bloomberg)...
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11.05.26 - 10:06
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Odd Lots: BoE′s Greene on a World of Supply Shocks (Podcast) (Bloomberg)
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Ever since Covid, central banks around the world have had the same problem. They have tools that are designed to modulate demand, but so many challenges have involved the supply side of the economy. Whether we're talking about supply chain disruptions, the war in Ukraine, and now the war in Iran, these are all issues for which monetary policy is of limited value. Of course, the temptation is to “look through” these events, recognizing the fact that these disruptions don't say much about the actu...
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