ECONOMICS

By Jean-Laurent Cadorel of Exante Data

• Monetary policy matters in the short-run through its impact on asset prices, demand, and activity;

• Yet in the long run the economy is assumed to gravitate towards some “natural” rate of activity independent of such monetary actions;

• A growing number of researchers are asking, however, whether monetary policy can have hysteresis effects and impact the natural rate through innovation activity.

THIS YEAR’S (more…)

By Eric Peters, CIO of One River Asset Management

“The younger generation must inherit and carry forward the spirit of self-reliance, and hard work, abandon arrogance, and engrave the passion of youth in the water just like our parents did, on the monument of history,” declared Xi, some time ago.

Youth unemployment across China continued its rise this summer. The official number approached 21% before Beijing halted its (more…)