Benn Steil

Geo-Graphics

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

“It’s the Inflation, Stupid”

by Benn Steil and Dinah Walker Monday, December 16, 2013
dual mandate

“Based on labor market data alone, the probability of a reduction in the pace of asset purchases has increased,” said Federal Reserve Bank of St. Louis President James Bullard on December 9.  Indeed, Fed watchers have been firmly focused on the improving labor market data in their handicapping of the prospects for an imminent Fed “taper” of its monthly asset purchases, known as “QE3,” which it began back in September 2012. Read more »

Beware of Greeks Bearing Primary Budget Surpluses

by Benn Steil and Dinah Walker Wednesday, December 4, 2013
primary balance and default

Things are looking up in Greece – that’s what Greek ministers have been telling the world of late, pointing to the substantial and rapidly improving primary budget surplus the country is generating.  Yet the country’s creditors should beware of Greeks bearing surpluses. Read more »