We document the resilience of Euro zone bank deposits during past stress episodes. There is only one major Euro zone economy - Greece - where deposit
Low inflation has been a conundrum in recent years, "¦ but currently nowhere more so than in the Euro zone and Japan. We evaluate how G-3 inflation ha
This week's reduction of asset purchases from the ECB will try to accomplish a "dovish taper," whereby withdrawal of stimulus will likely be accompani
We examine how market pricing for key central banks has moved over the past year and update our forecast for the G-3 central banks. We continue to exp
We look more closely at the recent pick up in core inflation, and find that much of it can be explained by just three sectors, all related to tourism.
Ahead of the Jackson Hole Symposium, we discuss the tensions facing the Fed. Markets are expecting a slightly hawkish outcome given how dovish market