This Is The Most Important Chart In Macro
The housing and durable goods sectors are the cyclical engine of the economy. After COVID, there was a BOOM in housing and durable goods consumption.
Source: seekingalpha.com
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Calculated Risk: Predicting the Next Recession
A top ranked economics and finance blog with a focus on the housing market
Source: calculatedriskblog.com
Exchange rate pass-through, monetary policy, and real exchange rates
Sebastian Edwards, Luis Cabezas 08 April 2021 The nominal exchange rate plays a dual role in macroeconomic adjustments – it is part of the transmission mechanism of monetary policy, and it also helps accommodate external and domestic shocks through its effect on the real exchange rate. This column uses disaggregated price index data from Iceland to test how exchange rate pass-through varies with the international tradability of goods and with the monetary policy framework. It shows that pass-through is significantly higher for tradables relative to nontradables. In addition, it find...
Source: voxeu.org