The document discusses the potential tapering of core euro rates and the factors influencing it, such as risks from emerging markets and oil prices. It also covers the expected irregular tightening by the Fed, with a focus on the pace and terminal rate of the hiking cycle. The document highlights the low neutral real rates due to structural factors like low productivity and discusses potential upside risks to productivity and real rates. It includes figures and data from Deutsche Bank Research and other sources.
documents/vol00010-efta01458977-pdf.pdf
{"title":"World Outlook 2016: Managing with less liquidity","key_people":["Chair Yellen"],"document_date":"2015-12-08","document_type":"other","key_locations":["London"],"key_organizations":["Deutsche Bank","Federal Reserve"],"reference_numbers":["DB-SDNY-0119151","SDNY_GM_00265335","EFTA01458977"]}