@JoacoWaldman compre orbital (el cual me gusto, y me pego un poco) porque me habia cruzado el posteo anterior pero no me acordaba de quien era. Asi que gracias! que sigan las recomendaciones
@GuidoZack Guido, muy interesante el reporte. En este gráfico tiene sentido usar el TC oficial para los que mencionas como asociados al turismo (restaurantes, etc)? Tanto para turistas en Arg, como para argentinos afuera, el costo relativo no debería usar el TC tarjeta/MEP/Blue para 2023?
New working paper: Demand Shocks in Equity Markets and Firm Responses
Institutional investors now allocate huge amounts of global capital.
When they mechanically buy/sell stocks, do firms actually change behavior? 🧵
New #IFDPPaper shows that lower retail inventories raise price margins, and incorporating inventories into the Phillips curve greatly improves its fit—capturing both the 2009–2011 missing disinflation and the COVID-era surge. https://t.co/4QipsaQQ0s
Aca el paper y su gráfico https://t.co/Yt6Xpzu8CV
El ciclo fue cambiando con el tiempo, por eso el gráfico no se parece tanto al original https://t.co/f7Lq6qyosz
Este gráfico de @Marangus77 me hizo acordar al propio de Cieslak, Morse y Vissing-Jørgensen (2019), donde documentan un ciclo en los retornos de EUA en torno al calendario del FOMC.
Como se ven los retornos del Merval en ese mismo ciclo? Me da masomenos asi
Our new paper explores the role of global banks' macroeconomic expectations on their credit supply using syndicated loan data. Macro expectation matters for financial intermediations and credit cycle. https://t.co/EhcKxJi01K
BREAKING: The @federalreserve has implemented #ISO20022 for Fedwire to improve cross-border payments, reports @BankingExchange. This is the first report indicating that the migration was apparently successful. https://t.co/aUIN5gJJQa
New #FEDSNote using novel data on dealers and banks finds that the U.S. repo market is over $12 trillion in outstanding: substantially larger than previously estimated: https://t.co/J0SWtI5IB9 #EconTwitter
In recent years, the strength of the dollar and high currency hedging costs due to elevated short-term dollar interest rates had discouraged non-US investors from hedging their US dollar exposures. https://t.co/kZP8go3xDb
#hedging#dollar#forex#markets#BISBulletin
FX swaps are a key barometer of risk-taking and global financial conditions. FX derivatives like swaps and forwards connect global #BondMarkets, enable cross-border #Investments and transmit financial shocks globally #Finance#GlobalMarkets https://t.co/BhooySx6Kn
A new survey across 29 economies shows #Inflation bursts can leave a lasting imprint on households’ inflation expectations. https://t.co/eCbo7PBtLJ
#BISBulletin
In my column today, I express skepticism that the U.S.'s trade deficit or its net external position tell us anything about how low the dollar can go. For one, the large negative NIIP and the expensive dollar are both related to U.S. equity outperformance. https://t.co/JZlRbLafUh