Why uncertainty matters? The OECD has been warning everyone (Economic outlook 2019) , that the trade policy tension and uncertainty around it hit global economy hard. My question is, how can we think about uncertainty and its influence on monetary policy?
Author Archive for: Gulnara Nolan
About Gulnara Nolan
I have a Phd in Economics from Ca' Foscari University of Venice and blogging is my passion.
Views expressed are my own and not related to the organizations I work for.
Entries by Gulnara Nolan
Last week I re-joined gym with Les Mills, as my previous fitness club (Revive) got shut down. The amenities provided and the corresponding higher price charged by Les Mills made two things come to mind: Why are the prices different between these gyms? Are they “extracting surplus” from me – in other words overcharging me? […]
NZIER had their annual NZIER Economics Award earlier in the week – or as we often call it NZ Economist of the Year. The winner for 2019 was John McDermott, current Executive Director and Motu and former Chief Economist of the RBNZ. John was an excellent choice for this award. He has contributed significantly to NZ and […]
As part of my job as a researcher I like to read about different topics – I have done work on health economics, labour economics, and more recently firm level economics. One topic that comes up across all these fields is the idea of a monopsony buyer for different things. Looking across this blog I’ve […]
I’ve heard the arguments that secular stagnation refers to a situation with low long-term interest rates – reaching the zero lower bound on nominal rate often – low inflation and low output growth. But what does this really mean?
It took me a while to convince myself to write about “neo-fisherism” as a solution to low trend inflation. The motivation behind neo-fisherism is relatively intuitive – we have observed nominal interest rates and inflation move together, and require an explanation that supports that stylised fact. Furthermore, the idea behind neo-fisherism is that there is […]