Articles by JP Marin Arrese

About the Author

JP Marin Arrese
Juan Pedro Marín Arrese is a Madrid-based economic analyst and observer. He regularly publishes articles in the Spanish leading financial newspaper 'Expansión'.
When it comes to sending messages to the market, central banker develop their own language.

Central Bankers’ Language Does Matter

J.P. Marin-Arrese | When it comes to sending messages to the market, Jerome Powell is proving less conventional and more straightforward than Mario Draghi. The former added fuel to the fire by delivering a forthright appraisal of the strength of US growth, the latter announced the ECB would scrap the QE scheme by the end of the year.


Spanish political scene: a new mould after 40 years of democracy

The New Spanish Government Holds Win-Win Cards

J.P. Marín Arrese | PM Pedro Sánchez will govern backed by a weak minority party. There will be little respite from either those who voted for him or those who voted against him. No one expects the new Spanish government can deliver any substantive policies. Yet, such an isolated and weak position can also be a valuable asset.



Jerome Powell baffled both the experts and the markets

Jerome Powell ditches forward guidance

In his first press conference, Jerome Powell baffled both the experts and the markets. After reading the hawkish introductory statement, he defused all fears for a harsh and swift monetary tightening.


Issuing digital money can be an answer for the public debt

The Economy of Digital Money

By issuing digital money, the central banks could provide an answer for the substitution of jobs by robotization, or solve the problem of excessive public debt, easing the increasing pressure on finances from burdens like pensions.


Jerome Powell delivered an upbeat appraisal of the US economy

Bullish Powell Fuels Higher Rates

In his first congressional testimony, Jerome Powell delivered an upbeat appraisal of the US economy. In his own words, headwinds have turned into tailwinds. While avoiding any commitment on the plausible monetary stance, markets have discounted a faster pace in rate hikes, pushing bond yields to fresh highs.



The times are a' changing for the Federal Reserve

Federal Reserve’s Next Move: The Times Are A’ Changing

Jerome Powell is bound to have a crash landing in the Federal Reserve. From the very beginning of his mandate, pressure is mounting on him to raise rates. An unpalatable choice for someone who hoped to follow Janet Yellen’s wait-and-see stance for as long as he could.


Spain Misses the Point on the Financial Crisis

The Spanish Parliament has set up a special Committee to scrutinise what led to the financial crisis ten years ago. But the craving for finding individual culprits will overrun any reasonable attempt to search for the simple truth that no one could foresee the crisis.