For years, interest rates in Europe and other advanced economies kept falling, puzzling savers and investors alike. Then, after 2022, rates surged at the fastest pace in decades. This report by the Bocconi Students Asset Management Club tackles a key question behind these movements: is there really a fixed “normal” level for interest rates, or does that benchmark itself change over time? The central idea of the report is that the so-called neutral or equilibrium interest ra

Donald Trump’s election in 2016 marked a decisive turn in U.S. trade policy.

This report analyzes China’s latest stimulus package to address economic stagnation, real estate instability and government debt.

Japan finally returned to the outlooks of worldwide major investors , demonstrating positive results and fundamental drivers of growth.

A Macro-based Equity Portfolio Strategy emphasizes Risk-Parity amidst Recession Fears and Signals for Higher-For-Longer Interest Rates.

Understanding the inversion of the yield curve and emphasizing its potential negative implications for investors.

In 2020 lockdown measures lowered companies’ cash flows and raised investors’ risk aversion. A new world of high volatility was born.

Until the COVID emergency, China has been the world's workshop. Now, 75% of US companies report that Covid has disrupted their supply chains

What went wrong with our expectations? This is the big question that links the last crisis we experienced in 2008 to the one we are facing.