Antonio Fatás
Antonio Fatás's Latest Articles | 98
The Myth of Liquidity and Bubbles in Financial Markets
Gillian Tett at the Financial Times wonders today about how long the stock market rally will continue. Her argument is that we see data that are at odds with historical... Read »
Time Travel in Euroland
Unfortunately, this is not news by now, but the president of the Euro group, Jeroen Dijsselbloem in an interview with CNBC yesterday dismissed the role that fiscal... Read »
Let’s Get Real About the Stock Market
As reported by the financial press, the stock market continues to hit fresh record-high levels in many advanced economies. The Dow Jones passed the 15,000 mark,... Read »
Undoing Central Bank Balance Sheet Expansions
A common question about the recent large expansions in balance sheets among central bank in advanced economies is about the exit strategy. How easy will it be for... Read »
The Cost of Austerity and Slow Recoveries
What are the economic costs of business cycles? Economists tend to approach this question in a way that is very different from the way most people think about economic... Read »
GDP: Add 3% and Some Bad Accounting
Via Mark Thoma, the Financial Times reports on the expected changes to US GDP accounting rules that are likely to raise the GDP level by 3% when they are implemented... Read »
The Never-Ending Economic Recovery
Most people refer to US business cycles in terms of the recessionary episodes identified by the NBER business cycle dating committee. Their dating of cycles which... Read »
Single Mandate or Fear of Inflation Demons
During the Boston Federal Reserve conference on Fulfilling the Full Employment Mandate, there was a panel discussion on the importance of the dual mandate for the... Read »
Savings Glut meets the Great Recession
Ken Rogoff writes a very interesting article on the mystery of low interest rates. He starts by going back to 2005 when Ben Bernanke blamed the “Global Savings... Read »
Cyprus: Between Hope and Panic
The Eurogroup announcement on Saturday of an agreement with the Cypriot authorities for a macroeconomic adjustment program came with a big surprise. The agreement... Read »







