Econ記者
IMF: 歐央行的負利率有效 但是….
IMF早前的一篇網誌，指歐央行的負利率政策有一定效用。
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這篇網誌引述IMF自家的研究，指負利率成功降低銀行的貸款成本，令金融市場更為寬鬆；負利率亦強化歐央行前瞻指引的功效，亦令到企業及家庭可以用更低的成本借錢，有助提高通脹及經濟增長。
但IMF提醒，負利率的功效會遞減，因為銀行未必可以跟隨調低貸款成本至負數，所以建議歐央行在未來多著重利用QE等資產購買計劃來刺激經濟。
參考報道:The ECB’s Negative Rate Policy Has Been Effective but Faces Limits via Econ記者
John Cochrane on “FTPL and the State of Macroeconomics” | #WITGT21
This is the fourth installment of our interview series “Where is the General Theory of the 21st Century?”
In this article, we continue our discussion...
John Cochrane on What is Neo-Fisherian? | #WITGT21
Welcome! This is the third installment of our interview series “Where is the General Theory of the 21st Century?”
“Where is the General Theory of...
Scott Sumner on Market monetarism and Macroeconomics after the Great Recession | #WITGT21
In this interview, Prof. Sumner talked about his view on why there is no "Keynesian Revolution" in macroeconomics after the Great Recession and what is Market Monetarism. You can also read the Part I of the interview, where Prof. Sumner discussed the findings from his new book, The Midas Paradox and his views on what caused the Great Depression.
World Bank 將在中國發行SDR債券
World Bank將發行SDR計價，人民幣結算的債券，並主要在大陸銷售。World Bank希望以這債券幫助發展SDR債市，及提高人民幣的國際地位。
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World Bank會在下週到北京及上海與潛在投資者會面，目前未知正式發債的時間表，但中國方面希望這批債可在下月杭州主辦G20會議前發行。
報道又指，目前預計的發行金額為20億SDR，即是約28億美元。
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World Bank to sell China bonds in renminbi boost - FT.com via Econ記者
美債ETF年初至今流入金額已超越去年全年總數
FT報道引述德銀提供的數字指，年初至今美國債券ETF錄得超600億美元資金流入，這個數字相當於去年全年的流入。這情況反映投資者追求美國國債及企債相對的「高息」。
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在美債基金大受歡迎的同時，美股基金今年錄得的流入就較去年少85%，只錄得150億美元流入。
US bond ETFs set record in yield scramble - FT.com via Econ記者
