One of the most disappointing features of advanced economies in recent years has been the weakness of investment. In part, this is because investment tends to mirror the performance of the economy as...

The IMF is making headlines with its forecast that the world economy faces a “new reality” of lower potential growth during the coming years. But arguably, it is the IMF which is catching up with...

Quantitative easing in the euro-zone and Japan has provided a big boost to equity markets which in turn should bolster household wealth. But barring a major recovery in the housing market, the impact...

Although the asset purchase programme announced by the ECB this year is smaller than that announced by the Bank of Japan in 2013, the initial response of financial markets has, if anything, been...