In meinem bisherigen Arbeitsleben ist mir Frauendiskriminierung nicht begegnet. Weder in meinem Umfeld, noch in den Policies der Firmen, in denen ich arbeitete, noch in Situationen, wo ich selber Arbeitgeber war. Im Gegenteil: Frauen versuchte man nach Kräften zu fördern. Meinem Eindruck stehen Berichte von Freundinnen und Kolleginnen entgegen, die sehr wohl Diskriminierung erfahren haben. … Continue reading
Monthly Archives: September 2019
The SNB Is a Passive Clearing House Rather Than an Active Currency Manipulator
This post is a long excursion to make two simple points: The SNB is IMHO just acting in a passive way as a clearing house for (massive) capital inflows. It is not actively managing the exchange rate. A rate of increase of sight deposits of 2.5bn per week (100bn p.a.) is not extraordinary considering the … Continue reading
A Glimpse at Fed Thinking
On September 6th, 2019, Fed Chair Jerome Powell and SNB president Thomas Jordan offered a glimpse at their institutions’s thinking during a joint Q&A organised by the SIAF at Zurich university. The most striking point was the contrast between Powell and Jordan regarding their ambition to fine-tune the economy. The dual mandate of the Fed … Continue reading
