Are lower interest rates creating an unstable financial future?
I am the Portuguese Council Chaired Professor of European Studies and Professor of Economics at INSEAD, a business school with campuses in Singapore, Abu Dhabi and Fontainebleau (France), a Senior Policy Scholar at the Center for Business and Public Policy at the McDonough School of Business (Georgetown University, USA) and a Research Fellow at the Center for Economic Policy Research (London, UK).
I have worked as an external consultant for major international organizations (IMF, World Bank, OECD, European Commission) as well as central banks (US Federal Reserve) and governments (UK government around entry decision in EMU).
My research interests are in the area of Macroeconomics with a focus on understanding business cycles, the role of fiscal policy and the connections between volatility and growth. I am also interested in European integration and the euro. Electronic copies of some of my research papers can be downloaded in the Research section of this site.
At INSEAD I regularly teach a required course in the INSEAD MBA programme (Macroeconomics in the Global Economy) as well as different modules on macroeconomic trends, financial markets and exchange rates in Executive Education programmes.
I like to share my views on current economic trends by posting easy-to-read articles on my blog and via links in my Twitter account (below you can find samples of both). I have collected some of the recent media interviews and citations in the Press section of the site.
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Interest rates are currently low everywhere. There is little evidence that central banks are the cause.
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Worries about central banks trying to create inflation are overblown.