Marco Annunziata
Extraordinary Times Call For Ordinary Measures
Time to break the extraordinary uncertainty-extraordinary policies vicious loop.
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A Hitchhiker's Guide to the Global Economy
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Marco Annunziata
- Aug 29, 2022
- 3 min
Jackson Hole's Missed Lesson
Policymakers need to see the whole chessboard, not focus on one narrow goal at a time.
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Marco Annunziata
- Aug 13, 2022
- 4 min
Inflation: Mission Accomplished?
The Fed’s job gets a bit easier; its love of PCE over CPI gets more awkward
186 views0 comments
Marco Annunziata
- Aug 6, 2022
- 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.
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Marco Annunziata
- Jul 29, 2022
- 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...
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Marco Annunziata
- May 9, 2022
- 2 min
Street Cred
The Fed squanders credibility just when it needs it most.
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Marco Annunziata
- Apr 27, 2022
- 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.
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Marco Annunziata
- Feb 26, 2022
- 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
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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
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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.
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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...
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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...
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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.
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Marco Annunziata
- Jun 26, 2021
- 4 min
You Can't Go Home Again
The global economic game has changed - get used to it.
342 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...
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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
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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
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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.
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