fiscal policy

Geoff Wood

2018 has been a fascinating year so far with many different cross-currents running through markets. We have seen central banks hiking, just as Governments look to expand fiscally. At the same time, the big economic powerhouses go head-to-head on trade. Where does this all lead us? Below we walk through... Show More

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Peter Wilmshurst

2017 saw a combination of solid economic growth without a significant pick-up in inflation. This let the Fed continue to raise rates, but at a measured pace, and it has flagged it’s likely to raise rates another three times this year. Other major central banks did not follow this path... Show More

AMP Capital

For the last two decades, advanced country central banks have been focussed on price stability and have played the first line of defence in stabilising the economic cycle whereas fiscal policy has played backup, focussing more on fairness and efficiency. This same approach has been applied since the global financial... Show More

Mathan Somasundaram

Global markets are running on central bank stimulus hope while earnings remain weak. The inability of central banks to pull their economies away from stimulus dependencies has created an inefficient distribution of resources. Lack of fiscal reform and unwillingness of governments to make the hard decision is forcing central banks... Show More

Mathan Somasundaram

Despite short term stimulus reprieves, the medium to long term dynamics point to slowing global growth, weaker commodity prices and lower interest rates. The conflicting monetary and fiscal policy settings will continue to weigh on any global growth recovery. The risk of the US Fed move, the negative outlook for... Show More

Zero Hedge Watch

Iconoclastic economist and Boston University professor Larry Kotlikoff, describes the US as arguably in worst fiscal shape than any other developed country. He estimates the fiscal gap at US$200 trillion, 17 times the reported US$12 trillion in official debt. What would it take to come up with US$200 trillion in... Show More