研究から広がる視点と考察。
主な各カテゴリーの最近の掲載分から、日本語の概要を追加しています。原典のタイトルは原語のまま掲載し、未翻訳の概要は英語で表示します。
922 件
インフレが高まる局面で、中央銀行はどのように信認を保つべきか。ジョナサン・フォルトゥンは、インフレ期待と中央銀行の信頼性、新興国の金融政策をめぐる問題を解説する。焦点となるのは、足元の物価上昇だけでなく、人々が将来のインフレをどう予想するかという点である。政策と期待の関係から、中央銀行の信認が持つ意味を考えるインタビューである。
詳細を見る英語の概要です。日本語版は順次追加しています。
Coverage quotes Fortun on the uneven recovery of emerging-market capital flows and the role of policy credibility.
詳細を見る英語の概要です。日本語版は順次追加しています。
Supply bottlenecks had reached producer prices, but their transmission to consumer inflation was still unfolding in May 2021. Robin Brooks, Jonathan Fortun and Jonathan Pingle expected further increases in core CPI and PCE as delayed effects emerged. They argued at the time that the Federal Reserve should accommodate this inflation bump despite a larger and more persistent supply shock.
論文を読む英語の概要です。日本語版は順次追加しています。
Fortun explains how emerging-market real yields attracted foreign investors in April, when Chinese equities took most equity inflows and other emerging-market bonds drew substantial investment.
詳細を見る英語の概要です。日本語版は順次追加しています。
Severe manufacturing delays raised the question of whether supply disruptions were reaching consumer prices as economies reopened. The April 2021 comparison found evidence of firms passing costs into higher prices only in the United States. Faster vaccination and reopening were offered as a possible explanation for stronger pricing power there, rather than as an established global pattern.
論文を読む英語の概要です。日本語版は順次追加しています。
Severe delivery delays and rising manufacturing input costs challenged expectations of a quick supply chain normalization in April 2021. Robin Brooks, Jonathan Fortun and Jonathan Pingle compare the disruption with earlier crisis episodes. Although they expected reopening eventually to ease bottlenecks, their analysis warns that persistence could intensify upward pressure on US yields as economic data recovered.
論文を読む英語の概要です。日本語版は順次追加しています。
Strong US economic releases during the 2021 reopening reflected the reversal of the shutdown, with unusually volatile data surprises. Robin Brooks and Jonathan Fortun expected this turbulence to persist into the summer and put upward pressure on long term US bond yields. Their April assessment identified Turkey as the emerging market most affected, with spillovers also reaching Brazil and Colombia.
論文を読む英語の概要です。日本語版は順次追加しています。
Fortun contrasts weaker emerging-market equity flows with China's support for overall inflows, in an analysis of Beijing's financial-opening and stability challenges.
詳細を見る