Seemingly subtle differences in the precise definition and construction of a risk factor can create meaningful divergences in its performance.
Greece again finds itself on an economic precipice, with CDS spreads nearing a level on par with last summer’s crisis. A look at potential short- and long-term consequences.
Recent labor, productivity, and population growth data suggest that the US may struggle to return to its pre-Great Recession annual GDP growth rate of 3% or higher.
Higher-order Attribute Contraction Schemes (HACS), a language for programming compilers, makes it possible to create a full compiler from a single source file.
Respondents to a Two Sigma poll of sell-side professionals ranked a China hard-landing as their top concern, but they see a market liquidity event as the most immediate threat.
The authors present an algorithm to help detect new information and events in a network by computing an optimal probing schedule that minimizes the average novelty of undetected items.
The Fed expects to hike interest rates four times (by 25bps each) during 2016, while the market projects only two hikes. One side has to give.
A form of portfolio insurance has grown more expensive recently. Multiple potential causes exist, from regulatory changes to fears about the global outlook.
The statistical relationship between US wages and consumer prices has broken down since 2008, potentially heralding greater uncertainty for Fed watchers.
Abenomics-inspired hopes for Japan’s economy continue to fade as Japanese inflation persistently falls short of the Bank of Japan’s target.