The recent slowdown in the growth rates of the monetary aggregates should not be interpreted as a sign that economic growth will soon slow. In fact, the surge in bank lending is a clear indication...

Today’s flash manufacturing PMIs suggest that the pace of global growth has cooled a little further in recent weeks. Nonetheless, the slowdown since the summer has been milder than the tone of media...

The unusual gap that has opened up between the economic performance of small firms and the performance of small-cap equity indices is more likely to be closed by a rise in equity prices. After all...

The Federal Reserve's third-quarter financial accounts help to dispel two myths about the recovery. First, the pick-up in GDP growth over the past few quarters is not being driven by a renewed boom in...