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Vitor Constâncio
VMRConstancio
A potential problem is looming, and the media are pursuing a new story that builds on the following chain of reasoning: 1) higher inflation is coming;2) if CBs increase interest
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Not surprisingly, my previous tweets on bitcoin were misinterpreted by many. I didn´t predict the demise of bitcoin. I just pointed out that bitcoin changed its nature. From an initial
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Tesla just announced that it had bought 1.5 billion dollars of bitcoin and could in the future sell cars in bitcoins. Since this morning both Bitcoin and Tesla are going
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I participated in a webinar organised by the CFA Institute and CFA Society Portugal. My panel was about "Ensuring financial stability in Covid-19 times: what is the role of regulators
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Replying @ndrea_terzi The ECB cannot do yield curve control the Japanese way because it cannot hint at 19 10Y yields levels as objectives. To use the new EU Commission debt
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As a package of measures had been promised, markets were able to anticipate the ECB´s decisions ± correctly. The longer horizon for the TLTROs was perhaps a bit of a
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Many papers have emerged analysing the March episode of price collapse and illiquidity in US treasuries, an unprecedented event in the “deepest and most liquid “ financial market in the
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Replying @dandolfa @farmerrf Thanks for your follow-up, revealing your provisional approach. Several scattered comments from me. First, you’re right that a big difficulty with monetarism is to identify what is
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Economics is indeed struggling with inflation theory. Monetary aggregates and monetarism have been correctly abandoned. Domestic slack explanations (the Phillips curve) have been under attack but are still a bit
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