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Macroeconomics

Equality vs. Growth

07 July 2015

Wealth inequality has long been viewed as primarily a social, rather than macroeconomic, problem.

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Up In The Air

18 June 2015

After months of fears that a falling energy prices would plunge the continent into a deflationary spiral, European policy-makers are breathing easier with the publication of figures suggesting a slight uptick in inflation.

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The Great Rotation

12 May 2015

Financial analysts have long been predicting a ‘Great Rotation,’ a major switch by investors from bonds to equities, in response to two factors: high prices and low yields on government bonds, and growing confidence that economies worldwide are genuinely on the mend nearly a decade after the onset of the global financial crisis and ensuing downturn.

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Understanding Negative Yields

24 March 2015

It is a measure of Ireland’s phenomenal recovery that it has now become the latest country to issue short-dated sovereign debt at a negative yield – meaning that investors sacrifice a return on their money in exchange for security. This week saw Ireland offer €500 million worth of six-month debt at a yield of minus 0.01%, guaranteeing investors a loss if they hold the bonds to maturity.

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Bailout or Grexit?

17 February 2015

Greece could enjoy faster growth than any other EU member state next year, according to the European Commission, as long as it sticks to the bailout program currently the subject of heated negotiations with its European partners. If the talks fail, Greece could default on its debt next month and leave – or be forced out – of the eurozone.

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