A new study seems to contradict the consensus on the negligible growth effect of global warming. However, the results align with the IPCC's (AR6) assessment: We don't know.

Monetary policy and fiscal policies were originally institutionally separated in the Treaties on the European Union. However, the European Union appears to be gradually moving towards ECB-financed government spending.

The yield curve, once a reliable recession indicator, has been sending the wrong signals since 2022. Portfolio Hedging on this basis is risky, at least in the short term.

The Bank of Japan has announced a small interest rate hike, which is seen in the light of historically high share prices as a turning point. The euphoria could be premature.

Subsidies are in principle prohibited in the EU, as they are not compatible with the objective of a single market with free competition. However, more and more ways are being found to circumvent the exceptions. This threatens to jeopardize our prospe ...

The Fed faces an easier battle against inflation than the ECB, as productivity growth in the USA mitigates wage-induced inflationary pressure.