We can all be caught up in the mood of the moment, but talk of a “rout” in bond markets is, at best, premature. Yields are still remarkably low by past standards. While they may rise further, notably...

Consumers in advanced economies have so far opted to save, rather than spend, their oil windfall. However, strengthening labour markets, buoyant asset prices, and high consumer confidence all point to...

Oil prices have recovered to levels that should still provide a major boost to consumers, while easing the pressure on producers. However, further increases could undermine the recovery in weaker...

In theory the structural budget balance, which takes account of whether an economy is running above or below its potential level, provides a useful summary of a government’s fiscal position. On this...