The Fed waited too long to tighten the policy in its anti-inflation stand, believing the acceleration of prices to have been temporary. The biggest concern for markets now is whether the Fed could avoid another policy mistake with regards to over hiking interest rates.
Russian businesses have faced foreign counterparts’ refusal to continue cooperation, suspension of imported components and the rising cost of logistics. Companies are looking for alternative production and logistics chains, the Bank of Russia survey finds.
In March, the Russian economy entered a downturn phase triggered by the impact of all-out foreign trade and financial sanctions and restrictions. If they continue, the economy will lose some of its potential, and the recovery will be protracted.
Exchange-traded funds (ETFs) are gradually supplanting all other types of funds in the financial market. Their rampant growth makes it simpler for millions of investors to enter markets. However, their expected dominance might have effects that are yet to be explored.
It was by chance that David Card, the 2021 Nobel Prize winner, became an economist. Academic journals turned down his works, and his friends thought he had broken up the foundations of economic theory. But if a theory doesn’t fit the evidence, there must be an alternative theory.
From 2022 on, Russian retail investors will be allowed to buy foreign exchange-traded funds (ETFs). This regulatory decision tackles several objectives, from making investments more balanced to encouraging competition among asset management companies.
As cryptocurrencies and other digital financial assets gain popularity, regulators are increasingly alarmed about the potential risks to financial stability they bring. Additional steps are needed to ensure that money surrogates are not used for payments.
There has never been such expensive gas in Europe as recently: over the 12 months up to the end of November, prices increased more than 5-fold. The situation raises the question of whether this crisis is temporary or it signifies structural problems in the energy markets.
Uber and Lyft once promised to replace personal cars and do away with traffic congestion. However, some municipal authorities believe that these services have only exacerbated traffic jams. Research shows that their impact on road traffic depends on the ‘design’ of cities.