Publication date
From
To
x

Your space


Forgot your password?
x

Login to participate



Not registered yet? Register now
x
Make your search by entering the text:
Make your search for other criteria:
Shushanik Papanyan

Latest Publications

Catalog Icon

U.S. | Interest Rates Chartbook. September 2017

By

The FOMC announced the start of the balance sheet normalization process to begin in October while maintained the Fed funds rate target range at 1%-1.25%

Available in English

Catalog Icon

U.S. | Weekly podcast: Libor, inflation and retail sales

By ,

Weekly economic update focusing on the major economic indicators to be released the week of September 11, 2017. Special topic: transitioning away from Libor

Catalog Icon

U.S. | Interest Rates Chartbook. August 2017

By

Minutes from the July FOMC meeting revealed that some members continue to raise concern with tame inflation. However, FOMC members have echoed agreement to start shrinking the balance sheet soon

Available in English

Catalog Icon

U.S. | Libor: Is there a right time to pull the switch? And what are the risks of delay?

By

Financial institutions and traders can face operational risks if the switch to an alternative benchmark is delayed. A paced transition plan will be introduced for U.S. institutions. The Fed will likely ensure that institutions follow the plan and switch from Libor

Available in Spanish, English

Catalog Icon

When Robots Do It All and Leisure is Mandatory

By

Engineers insist that sometime between 2030 and 2050 is when fiction will become reality, and artificial intelligence (AI) will exceed that of a human. Economists have a different answer - it will be at least another 100 years before that point. Who is right?

Available in Spanish, English

Catalog Icon

U.S. | Weekly podcast: yield curve, retail sales and housing starts

By ,

Weekly economic update focusing on the major economic indicators to be released the week of August 14, 2017. Special topic: the U.S. yield curve

Catalog Icon

U.S. | Interest Rates Chartbook. July 2017

By

The FOMC voted unanimously to leave its benchmark rate unchanged, between 1% and 1.25%, signaling a “relatively soon” taper of maturing Treasuries and mortgage securities reinvestments, in their July meeting

Available in English

Catalog Icon

U.S. | Weekly podcast: when robots do it all and leisure is mandatory

By

Machines are likely to take over many tasks that humans perform, but they are not likely to seize many occupations entirely. The necessity of flexible labor retraining programs is essential. The major documented impact of automation on labor has been a decline in worker hours.

Catalog Icon

U.S. | Interest Rates Chartbook. June 2017

By

The FOMC raised the Fed funds rate 25bp to 1.25% after the June meeting. In addition, it signaled a firm intention to raise rates one more time in 2017 and provided clear guidance on balance sheet normalization as it prepares to roll off the process in coming months

Available in English

Catalog Icon

U.S. | When Robots Do It All and Leisure is Mandatory: Not for another 100 years

By

Advancements in machine learning, mobile robotics, and computing power have led to machines that are increasingly capable of performing non-routine tasks and navigating in real time. Artificial intelligence is gaining traction as an attractive investment within the tech industry

Available in Spanish, English

Catalog Icon

U.S. | Interest Rates Chartbook. May 2017

By

FOMC minutes and Fedspeak have signaled FOMC readiness to raise the Fed funds rate by another 25bp at its next meeting in June. The Committee’s commitment to the gradual reduction of its balance sheet “later this year” remains unchanged and will likely receive be green lighted once the funds rate extends midway towards the median of the FOMC projected long-run rate of 3.0%

Available in English

Catalog Icon

U.S. | Weekly podcast: infrastructure spending, a need rather than a stimulus

By

Discussion on infrastructure spending: the economic impact, current state of infrastructure, and funding options

Catalog Icon

U.S. | Weekly podcast: GDP and employment

By

Weekly economic update focusing on the major economic indicators to be released the week of May 1, 2017. Special topic: 1Q GDP

Catalog Icon

U.S. | Interest Rates Chartbook. April 2017

By

Per the March meeting minutes, FOMC members have discussed a phased-out approach to ceasing the balance sheet reinvestment policy – to reduce “the risks of triggering financial market volatility” and avoiding a rebirth of the taper," to remain committed to acting “passive and predictable,” and to communicate “to the public well in advance of an actual change”

Available in English

Catalog Icon

U.S. | Embracing "flat" – a new norm in long-term yields

By

A flattened term premium curve is unprecedented when compared to previous Fed tightening cycles. Term premium dynamics are driven by the amplified role of duration risk as a shock absorber. Economic growth expectations remain the main driving force behind the long-term yields trajectory

Available in Spanish, English