Benn Steil

Geo-Graphics

A graphical take on geoeconomic issues, with links to the news and expert commentary.

Is the Fed Right to Calibrate Asset Purchases to Economic Data?

by Benn Steil and Dinah Walker Wednesday, May 29, 2013
recalibration

The Fed is trying to have its cake and eat it too. Having earlier tried to anchor market expectations of future low interest rates by pledging that policy would remain accommodative into 2015, Fed Chairman Ben Bernanke is now saying that the Fed will consider “a recalibration of the pace of its [asset] purchases . . . in light of incoming information.” Read more »

Can China’s Bond Market Support a Global RMB?

by Benn Steil and Dinah Walker Tuesday, May 21, 2013
RMB

On April 24, the Australian central bank announced that it would raise the proportion of its reserves devoted to Chinese financial assets from 0% to 5%, likely among the highest such allocations among world central banks.  Will other major central banks follow suit? Read more »