Brexit D-Day—Turmoil and Uncertainty
The U.K. voted to leave the EU by 52%-48%, with a high turnout of 72%. The market reaction has been violent given widespread expectations...
Thematic BlogSpot - Inventory of Central Banks’ Challenges in Times of Secular Stagnation
With nominal interest rates at (or close to) 0 in major economies since 2009 (IMF, 2009), risks of secular stagnation (see our WS...
