Yesterday, we hosted a client event with Simon Potter in Mid-Town.  

We would like to thank Simon for agreeing to share his insights.  We have been in dialogue with Simon for many years, including during the many years when he was head of the markets group at the NY Fed. We have always appreciated his insights on market dynamics, monetary policy and the technicalities of market functioning.  At this point, there is obviously a keen interest in ‘hot issues’ associated with USD funding markets and the potential for US FX intervention. We always appreciate expert input on these complex topics.

For those interested in some background on Simon’s recent research, we would recommend the following two sources:

First, Simon has co-authored a comprehensive review of unconventional monetary policies since the crisis, along with the ECB’s Frank Smets (recently published by the BIS). The executive summary is a quick 4-page read, while the full 50-page doc may be one for the weekend.

Unconventional monetary policy tools: a cross-country analysis (Oct 2019)

Second, Simon recently spoke at a PIIE event about digital money, along with a number of economics rock stars: Martin Wolf, chief economics commentator at the Financial Times, Stefan Ingves, governor of the Riksbank; and Hyun Song Shin, head of research at the Bank for International Settlements (BIS).

The Future of Money in the Digital Age (Oct 2019)

We have ourselves been focused on the outlook for global monetary policy, particularly in the context of the cost and benefits of various unconventional policies such is NIRP  (Chart Below). Just reach out if you would like to discuss that strand of research.