Marco Annunziata
Jackson Hole's Missed Lesson
Policymakers need to see the whole chessboard, not focus on one narrow goal at a time.
A Hitchhiker's Guide to the Global Economy
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Marco Annunziata
- Aug 13
- 4 min
Inflation: Mission Accomplished?
The Fed’s job gets a bit easier; its love of PCE over CPI gets more awkward
178 views0 comments
Marco Annunziata
- Aug 6
- 2 min
U.S. Jobs Data: Good News or Bad News?
Financial markets don’t really fear a recession – they fear a future without unlimited liquidity.
161 views0 comments
Marco Annunziata
- Jul 29
- 3 min
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...
136 views0 comments
Marco Annunziata
- May 9
- 2 min
Street Cred
The Fed squanders credibility just when it needs it most.
128 views0 comments
Marco Annunziata
- Apr 27
- 4 min
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.
158 views0 comments
Marco Annunziata
- Feb 26
- 4 min
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
395 views0 comments
Marco Annunziata
- Dec 23, 2021
- 4 min
Been There, Done That...
Surging inflation and never-ending Covid lockdowns stem from the same failure of common sense
288 views0 comments
Marco Annunziata
- Oct 28, 2021
- 3 min
Supply-Shocked
After a decade of maniacal focus on stimulating demand, policymakers have been shocked to discover the supply side matters.
296 views0 comments
Marco Annunziata
- Jul 31, 2021
- 4 min
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...
712 views0 comments
Marco Annunziata
- Jul 17, 2021
- 3 min
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...
210 views0 comments
Marco Annunziata
- Jul 9, 2021
- 5 min
The Solution Is The Problem
The supply of government-caused crises creates its own demand for government-led rescues.
125 views0 comments
Marco Annunziata
- Jun 26, 2021
- 4 min
You Can't Go Home Again
The global economic game has changed - get used to it.
340 views0 comments
Marco Annunziata
- Jun 12, 2021
- 3 min
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...
79 views0 comments
Marco Annunziata
- Apr 9, 2021
- 3 min
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
121 views0 comments
Marco Annunziata
- Mar 17, 2021
- 1 min
Four Questions That Will Shape 2021 And Beyond
Four questions that will shape our economic future: on innovation, globalization, public debt and monetary policy
23 views0 comments
Marco Annunziata
- Mar 13, 2021
- 2 min
Roaring Back Or Overheating?
Is US fiscal stimulus really too large? What are the risks to inflation and financial stability? Can technological innovation help?
74 views0 comments
Marco Annunziata
- Feb 28, 2021
- 3 min
Uncertainty String Theory
Policymakers keep contributing to greater uncertainty; it will make their jobs a lot harder.
115 views0 comments
Marco Annunziata
- Feb 7, 2021
- 3 min
Long Term Unemployment
Unless we steer policy, technology and education in the right direction, long term unemployment will keep rising, and inequality with it.
186 views0 comments
Marco Annunziata
- Jan 30, 2021
- 4 min
Who Would've Thunk It?
Surprising statements from unlikely sources that should raise awkward questions and ring alarm bells
347 views1 comment