Several factors have probably reduced the equilibrium level of the equity risk premium (ERP) in the US to a level that is well below its long-run average. Partly as a result, the stock market is...

In contrast to equities in developed markets, those in emerging markets (EMs) have rallied since Friday’s disappointing US Employment Report caused investors to scale back their expectations for Fed...

The wobble in financial markets in the emerging world since investors began to reassess the outlook for US monetary policy in May has been much smaller than in the past. The Fed, along with renewed...

The Peterson Institute for International Economics (PIIE) recently published its latest semi-annual estimates of fundamental equilibrium exchange rates (FEERs). These suggest that the Colombian peso...