In today’s hyper-connected world, analysis has become a mere commodity. Retrieving it – let alone information – is like drinking from a fire hydrant. For example, Googling “global economic growth" yields 61 million results; “Eurozone deflation”, 1 million; “tensions in south-east Asia”, 2 million, and so on... It should therefore come as no surprise that we get easily lost in this myriad of information and analysis.
In the face of analysis overload, it becomes invaluable to sift, select and frame the issues and opinions that matter. This is why The Monthly Barometer came up with a Weekly Selection of op-eds and articles. Each week, we select just five of them (out of hundreds that are sent to us by our network) that we frame in two or three sentences. These five pieces convey in a succinct and accessible manner the thinking of people whose opinions matter the most in a variety of macro fields: economics, geopolitics, society, environment, technology and psychology. They constitute a “formidable” shortcut to complex analysis by offering insights and snapshots that can be read in just a few minutes and are easy to digest. For those keen to make sense of today’s world, The Weekly Selections are a must-read. They constitute the best antidote to information and analysis overload.
As a new service, The Monthly Barometer is now offering to its subscribers, and a potentially much larger group, a curation of all The Weekly Selections. On any given macro issue, it will be possible to access the best thinking at the tap of key. This service should therefore be of particular interest to researchers and students enabling them as it does to grasp with ease “who said what and when”.
Subscribers of the Monthly Barometer can access curated Weekly Selections as part of their subscription.
Researchers and students who do not wish to subscribe to The Monthly Barometer can access them on a pay-as-you-wish basis. Please pay an amount that corresponds to the value you attach to the product. If you don’t want to pay, remember the following: “If something online is free, you are not the customer – you are the product” (Jonathan Zittrain, George Bemis Professor of Law at Harvard Law School and the Harvard Kennedy School of Government).
Curation of weekly selections – A distillation of the opinions that count!
- REVIEW OF BOOKS
Otmar Issing, "Central Banks and the Revenge of Politics"
Project Syndicate - 1 Nov 2016
The former board member of the ECB explains why the days of central banks’ independence may be numbered… He claims that central banks’ early successes in combating the crisis fueled excessively high expectations, encouraging policymakers to leave them in charge of macroeconomic management. Now that monetary policy’s limitations have been exposed, a backlash is coming, and central-bank independence – de jure or de facto – is once again up for debate (reads in 4-6 min).
Published in Weekly selection 4 November 2016
George Magnus, "Will interest rates ever rise?"
Prospect Magazine - 14 Sep 2016
As there is a growing sense in the global markets that the post-financial crisis monetary policy cycle may be approaching an end-point, George Magnus sheds some light on one of today’s most critical economic and financial issues (certainly the one that obsesses the markets). His response in a nutshell: “Not immediately—but perhaps sooner than you'd think” (reads in about 6-8-min).
Published in Weekly selection 17 September 2016
Gillian Tett, "The weird new normal of negative interest rates"
Foreign Policy - metered paywall - 6 Sep 2016
The FT’s US managing editor argues that economic powerhouses “haven't learned the dire lessons of Japan's lost decades” and exhorts us to think about the “dangerous, debilitating consequences of subzero interest rates”. She offers three explanations for tumbling interest rates: (1) the deliberate decision by central banks to push yields down, (2) structural factors prompting investors to gobble up an abnormally large quantity of bonds, and (3) pessimism about the global economic outlook. An easy and quick (about 6 min) read to understand what negative rates are all about.
Published in Weekly selection 9 September 2016
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