Category: Financial Markets
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The stock market enigma
Why have stock markets rallied? An academic and a practitioner view. A new research paper evaluates investors’ growth expectations.
On Minsky moments
Are financial crises predictable? If so, what is the jointly optimal monetary and macroprudential policy?
The puzzling stock markets
What are the narratives that drove the stock market fluctuations since January? How serious is the moral hazard created by the actions of central banks?
Is European credit risk mispriced?
Long term real interest rates fell below zero in all euro area countries.
What happened in the US repo market?
After US repo rates spiked the week of September 16th, economists are trying to discern the causes.
The truth about ESG ratings!
An estimated $30 trillion are invested relying on ESG (Environmental.social.governance) ratings. Are these ratings reliable and do they promote sustainability or corporate social responsibility?
Is shareholder primacy dying?
Earlier this month America's Business Roundtable decided that maximizing shareholder value is no longer their primary goal. The announcement has incited a heated debate.
Corporate debt in the US
In the US, nonfinancial corporate debt is at a fifty year high ratio to GDP. Are there risks to financial stability?
Pension funds and global yield curves
New research on the strong effect of pension assets on the long end of the yield curve.