Fed’s monetary policy

Germany and the euro

Euro’s depreciation gives Draghi a respite

MADRID | By Francisco López | The ECB’s measures since June have been oriented to fight the ghost of deflation, increasing the Eurozone’s economic activity and, in an indirect manner, managing the euro’s depreciation. For the moment Mr Draghi has failed in the first two goals, although he has succeeded in the third one. The euro is plummeting –which is good news.

No Picture

US economy likely to stay buoyant despite corrections

Guest post by Jean-Sylvain Perrig, UPB Chief Investment Officer | The US economy is back on track. Its second-quarter bounce was sharper than previously thought and it is expected to stay on a reasonably good path of 3% in the coming quarters, thanks notably to a rebound in capex, a falling unemployment rate and a sharp improvement in the real estate sector. That will further boost consumer confidence, which has already reached its highest level in seven years.


Fischer’s nomination will guarantee a more dovish Fed

WASHINGTON | By Pablo Pardo | Stanley Fischer will almost certainly not achieve his dream of being managing director of the IMF, but his legacy can still be deeper than it would have been had he reached it.  Earlier this year, the Zambian-born Israeli-American economist completed a successful eight year mandate in the Bank of Israel, and he is now poised to be the vice-chairman of the Federal Reserve.


dollar euro cashier2

Fed and ECB’s Similarities and Contrasts- Yet There’s a Common Goal

MADRID | By Julia Pastor | The Fed and the ECB launched their unconventional monetary policies starting from different positions as their economies’ financial structures are not the same. Also their forward guidance diverged, but both central banks tried to boost the real economy and were effective. The uncertainties about the future would revisit those similarities and contrasts.