The Intricacies behind PBoC’s Policy Stance
Balance Sheet Expansion is not Everything The lack of PBoC balance sheet expansion since the Covid-19 pandemic stands in contrast with that of advanced economie...
Month: September 2020
Thoughts on the Fed’s New AIT Framework
1. Negative real rates essentially becomes an explicit policy objective. 2. The new policy introduces an element of a ‘make-up’ strategy to inflation but charac...