The monetary base in advanced economies has continued expanding in recent weeks, largely due to the asset purchase programmes of the Fed and the Bank of Japan. Indeed, the aggregate monetary base of...

Preliminary business surveys for February indicate that manufacturing activity slowed further in China and that the recovery in the euro-zone has faltered. But the news from the US is more reassuring.

This weekend’s G20 meeting may well see calls for US policy-makers in particular to take more account of the global fallout from their actions, but we expect such demands to continue to fall on deaf...

Policy-makers from some emerging economies may air their grievances about US monetary policy at next week’s G20 gathering, but there is no consensus among them on what the Fed should be doing. More...