Tariffs and US dollar depreciations: Not so surprising after all
To many, the US dollar depreciation following the ‘Liberation Day’ tariff announcement on 2 April 2025 defied conventional wisdom. However, open-macro models predict that the
Recent patterns in global risk behaviour in financial markets
Following the US tariff announcements in early April, the US dollar strongly depreciated while US Treasury yields rose. This column zooms in on the April
EU jobs and US trade: Navigating change
Trade uncertainty between the EU and the US – driven by the announcement of new tariffs and a volatile global economy – has raised concerns
