Both the Federal Reserve and the Bank of Japan are likely to continue with quantitative easing for many months to come, even after the Fed has begun scaling back its monthly asset purchases. With...

On their own, the increases in government bond yields since May do not pose a significant threat to the public finances of most advanced economies. Higher yields in the secondary market take a long...

Preliminary PMIs, published by Markit today, suggest that the economic recoveries in China and the euro-zone gained more momentum in September. The survey for the US dipped a bit, but this does not...

Applying a simple Taylor rule to our economic forecasts suggests that the Federal Reserve is the only major central bank which should tighten monetary policy (or scale back its stimulus) before 2016...