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Blanchard: “I would use this model to explain Macroeconomics to my Mum” | #WITGT21

This is the sixth installment of our interview series “Where is the General Theory of the 21st Century?” Blanchard on DSGE and the State of...

Blanchard on “DSGE model and the State of Macroeconomics” | #WITGT21

Welcome! This is the Fifth installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of...

Econ記者文章

咩係「工業化太早結束症」(Premature Deindustrialization)?

「工業化太早結束症」係我對Premature Deindustrialization嘅中文譯名。

Coco Bonds

Coco Bonds,全名Contingent Convertible Bonds,Convertible Bonds(可換股債)的一種,分別是Coco Bonds加上一些「轉換前要必要達成的條件」(Trigger Events)。

自然利率— 美國加唔到息的原因

聯儲局今年內無法加到息,已經慢慢成為市場人士主流看法。而聯儲局亦因此要繼續其向大眾解釋,為何基準利率需要維持在0-0.25厘水平這麼長時間。 今次同大家一齊讀的是三藩市聯儲銀行發表的Economic Letter,題為《Why So Slow?》,內容正是以自然利率(Natural Rate of Interest)來解釋,為何聯儲局可遲遲不加息。