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Otaviano Canuto: Macro-economic Policy Change – We’re Not in Kansas Any More

The possibility of multiple financial shocks lies ahead. Three significant changes to the macro-economic policy regime in advanced economies have…

1 year ago

Otaviano Canuto: Going Around the Bend? Assessing the Phillips Curve May Be of Help

Unemployment and wage rates are theoretically linked, and may hold a key to our immediate economic future. Current global stagflation…

1 year ago

Otaviano Canuto: Some Economies May Soon Face a Hard Landing

Weaker performance of emerging markets is expected in the immediate future. This year began with simultaneous signs of a slowdown…

2 years ago

Otaviano Canuto: Are We on the Verge of a New Commodity Super-Cycle?

Commodity prices have recovered their 2020 losses and, in most cases, are now above pre-pandemic levels (Figure 1). The pace…

3 years ago

Otaviano Canuto: Central Banks and Inequality

While the economic recovery around the world remains uneven, fragile, and unbalanced across sectors, financial markets are generally doing very…

3 years ago

Otaviano Canuto: Dependency and Disconnect of U.S. Financial Markets

U.S. stock and corporate bond markets performed extraordinarily well from the March financial shock caused by covid-19 to the end…

4 years ago

Otaviano Canuto: Brazil, South Korea – Two Tales of Climbing an Income Ladder

The “middle-income trap” has captured many developing countries: they succeeded in evolving from low per capita income levels, but then…

4 years ago

Otaviano Canuto: Economic Recovery From the Pandemic May Come to Resemble a Square Root

Signs of recovery in various parts of the global economy started in May, after the depressive dip imposed by Covid-19.…

4 years ago

Otaviano Canuto: Shapes of the Post-Coronavirus Economic Recovery

Data recently released on the first-quarter global domestic product (GDP) performance of major economies have showed how significant the impact…

4 years ago

Otaviano Canuto: Channels of Transmission of Coronavirus to Developing Economies from Abroad

In a previous article, we highlighted how developing economies have faced simultaneous shocks from their external environment, as pandemic and…

4 years ago