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Negative Rates Not Needed in US for Now—ECB’s Constancio

Reuters, April 14, 2016. All Rights Reserved. Negative deposit rates are not required as a monetary fix for the United States at the moment, in contrast with the euro zone, which is struggling with deflation risk, a top European Central Bank official said on Wednesday. The U.S. economy, while far from robust, has been growing at […]

AMB/Constancio: Negatif faiz politikasının limitleri var

Bloomberg, 14 Nisan 2016. Her Hakkı Saklıdır. Avrupa Merkez Bankası (AMB) BaÅŸkan Yardımcısı Vitor Constancio ÇarÅŸamba günü yaptığı açıklamada, negatif faiz oranının ekonomiyi destekleme konusunda yapabileceklerinin sınırlı olduÄŸunu söyleyerek AMB’nin stratejisinin euro bölgesinin tamamı için olumlu olduÄŸunu söyledi. Constancio, New York eyaletinde Bard College’de Levy Economics Institute’de yaptığı konuÅŸmada, “Negatif mevduat faiz oranını bir politika aracı olarak […]

Negative Rates Not Needed in US for Now—ECB’s Constancio

Yahoo! Finance, April 13, 2016. All Rights Reserved. Negative deposit rates are not required as a monetary fix for the United States at the moment, in contrast with the euro zone, which is struggling with deflation risk, a top European Central Bank official said on Wednesday. Read more: http://finance.yahoo.com/news/negative-rates-not-needed-u-225239865.html

Update 1—Negative Rates Not Needed in US for Now—ECB’s Constancio

Reuters, April 13, 2016. All Rights Reserved. Negative deposit rates are not required as a monetary fix for the United States at the moment, in contrast with the euro zone, which is struggling with deflation risk, a top European Central Bank official said on Wednesday. The U.S. economy, while far from robust, has been growing […]

EZB-Vizepräsident: Negativzinsen sind kein Allheilmittel!

Finanzen 100, 13 April 2016. Alle Rechte vorbehalten. Die vielumstrittenen Negativzinsen der EZB haben klare Grenzen der Wirksamkeit. Obwohl der EZB-Vizepräsident Vítor Constâncio die Strategie der Notenbank am Mittwochabend als positiv für die Eurozone verteidigt hat, gab er zu, dass negative Zinsen die Konjunktur nur beschränkt ankurbeln können…. Weiterlesen: http://www.finanzen100.de/finanznachrichten/wirtschaft/geldpolitik-ezb-vizepraesident-negativzinsen-sind-kein-allheilmittel_H609679858_263944/

ECB’s Constancio Says Negative-Rate Policy Has “Clear Limits”

Bloomberg, April 13, 2016. All Rights Reserved. European Central Bank Vice President Vitor Constancio on Wednesday said there was only so much that negative interest rates can do to boost the economy and defended the central bank’s strategy as positive for the euro area as a whole. It is “important to recall that there are […]

Negative Rates Not Needed in US for Now: ECB’s Constancio

The Fiscal Times, April 13, 2016. All Rights Reserved. Negative deposit rates are not required as a monetary fix for the United States at the moment, in contrast with the euro zone, which is struggling with deflation risk, a top European Central Bank official said on Wednesday…. Read more: http://www.thefiscaltimes.com/latestnews/2016/04/13/Negative-rates-not-needed-US-now-ECBs-Constancio

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Listen in on the Minsky Conference

Audio from the 25th Annual Minsky Conference will be broadcast live. Listen here beginning tomorrow at 9am. Tuesday, April 12 9:00−9:15 a.m. Welcome and Introduction Dimitri B. Papadimitriou, President, Levy Institute 9:15−10:30 a.m. Session 1. GLOBAL FRAGILITY AND EMERGING MARKETS OUTLOOK MODERATOR: Theo Francis, Special Writer, The Wall Street Journal SPEAKER: Jan Kregel, Director of Research, Levy [...]

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Is There a Solution to Brazil’s Crises?

This is the first of a series of blog posts on the Brazilian crisis by Felipe Rezende.   There are two major crises Brazil’s President Dilma Rousseff is facing: one is a political crisis and the other is Brazil’s sharpest recession in 25 years. Brazil’s Political Crisis The political crisis has two main pillars: a) [...]

Policy Notes No. 2

The Narrow Path for Brazil

Brazil is mired in a joint economic and political crisis, and the way out is unclear. In 2015 the country experienced a steep contraction of output alongside elevated inflation, all while the fallout from a series of corruption scandals left the policymaking apparatus paralyzed. Looking ahead, implementing a policy strategy that has any hope of […]

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Tcherneva on the “Growth Lobby” and the Sanders Plan

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Working Paper No. 863

The Empirics of Long-Term US Interest Rates

US government indebtedness and fiscal deficits increased notably following the global financial crisis. Yet long-term interest rates and US Treasury yields have remained remarkably low. Why have long-term interest rates stayed low despite the elevated government indebtedness? What are the drivers of long-term interest rates in the United States? John Maynard Keynes holds that the […]