Marco Annunziata
Extraordinary Times Call For Ordinary Measures
Time to break the extraordinary uncertainty-extraordinary policies vicious loop.
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A Hitchhiker's Guide to the Global Economy
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Marco Annunziata
Aug 29, 20223 min read
Jackson Hole's Missed Lesson
Policymakers need to see the whole chessboard, not focus on one narrow goal at a time.
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Marco Annunziata
Aug 13, 20224 min read
Inflation: Mission Accomplished?
The Fed’s job gets a bit easier; its love of PCE over CPI gets more awkward
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Marco Annunziata
Aug 6, 20222 min read
U.S. Jobs Data: Good News or Bad News?
Financial markets don’t really fear a recession – they fear a future without unlimited liquidity.
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Marco Annunziata
Jul 29, 20223 min read
A Long Way From Normal
It’s been an odd few days. On Wednesday the Fed delivered another large rate hike (three quarters of a percentage point) and indicated...
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Marco Annunziata
May 9, 20222 min read
Street Cred
The Fed squanders credibility just when it needs it most.
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Marco Annunziata
Apr 27, 20224 min read
The Silence Of The Doves
The Fed’s biggest challenge is not its dovish reputation – it’s that we’ve lost the sense of what tight monetary policy looks like.
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Marco Annunziata
Feb 26, 20224 min read
The 20th Century Comes Back To Haunt The 21st
Sliding back to pre-WW II geopolitics will have massive human and economic consequences. Naive hopes of business as usual won't stop it
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Marco Annunziata
Dec 23, 20214 min read
Been There, Done That...
Surging inflation and never-ending Covid lockdowns stem from the same failure of common sense
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Marco Annunziata
Oct 28, 20213 min read
Supply-Shocked
After a decade of maniacal focus on stimulating demand, policymakers have been shocked to discover the supply side matters.
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Marco Annunziata
Jul 31, 20214 min read
Long Covid: The Macro Version
You’ve heard about “long Covid”: people who suffer for months from fatigue, headaches and “brain fog”. This blog talks about a similar...
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Marco Annunziata
Jul 17, 20213 min read
Fed: If Not Now, When?
Fed Chairman Powell insists it would be premature to tighten monetary policy. But if not now, then when? The consensus view argues that...
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Marco Annunziata
Jul 9, 20215 min read
The Solution Is The Problem
The supply of government-caused crises creates its own demand for government-led rescues.
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Marco Annunziata
Jun 26, 20214 min read
You Can't Go Home Again
The global economic game has changed - get used to it.
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Marco Annunziata
Jun 12, 20213 min read
US Jobs: Skills Or Incentives?
US labor market developments have come to center stage and play a fundamental role in the inflation debate. Why has job creation been...
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Marco Annunziata
Apr 9, 20213 min read
A 7-Step Guide To Biden's Infrastructure Plan
Biden’s plan covers the right priorities; but the no-budget-constraint, bigger government approach could do more harm than good
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Marco Annunziata
Mar 17, 20211 min read
Four Questions That Will Shape 2021 And Beyond
Four questions that will shape our economic future: on innovation, globalization, public debt and monetary policy
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Marco Annunziata
Mar 13, 20212 min read
Roaring Back Or Overheating?
Is US fiscal stimulus really too large? What are the risks to inflation and financial stability? Can technological innovation help?
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Marco Annunziata
Feb 28, 20213 min read
Uncertainty String Theory
Policymakers keep contributing to greater uncertainty; it will make their jobs a lot harder.
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Marco Annunziata
Feb 7, 20213 min read
Long Term Unemployment
Unless we steer policy, technology and education in the right direction, long term unemployment will keep rising, and inequality with it.
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