Shilling, Gary, (2015), “Will Oil Cause the Next Recession?”, Bloomberg View, 2 September If oil prices take another dramatic slide, as I believe they will, who wins and who loses? And could plummeting oil prices sow the seeds of the next recession?Oil-importing countries are obvious winners from falling crude prices. That includes the U.S., where — despite a surge in domestic production — imports still account for nearly 50 percent of petroleum consumption. Relevant Posts Gomez, …Read More

Garcia Herrero, Alicia, (2015), “Why is China finding it hard to fight the markets?”, Bruegel publications, 31 Αυgust China’s market drama started in June this year with the collapse of the Shanghai stock exchange, followed by frantic interventions by the Chinese authorities. As if the estimated $200 billion already spent on propping up stock prices were not enough, China found itself in another battle with the market, defending the RMB …Read More

Cohen Setton, Jeremie, (2015), “The global trade slowdown puzzle”, Bruegel publications, 31 Αυgust What’s at stake: This week’s data renewed concerns about developments in global trade as it showed for the last 6 months the biggest contraction in global trade since the end of the financial crisis. While cyclical factors may be at play, trade specialists have also advanced a host of structural explanations to explain the decline in the …Read More