Why The Neutral Rate Of Interest Is Zero

06 Jun 2019

by Dhaval Joshi, Chief Strategist

BCA Research | European Investment Strategy

BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.

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Contents

Executive Summary / Insight
The Neutral Rate Is Based On The Bond Yield, Not On The Policy Interest Rate
The Neutral Rate Is Global, Not European Or Region Specific
The Neutral Rate Is Nominal, Not Real
What Does All Of This Mean?
Fractal Trading System*
Footnotes
Asset Allocation
Equity Regional and Country Allocation
Equity Sector Allocation
Bond and Interest Rate Allocation
Currency and Other Allocation
Closed Trades
Currency & Bond
Equity Sector
Country Equity
Bond Yields
Interest Rate

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Topics covered

Asset Allocation Financial Markets Monetary Policy Developed Countries Euro Area Europe Gov Sovereigns/Treasurys Equities Fixed Income Global

Why The Neutral Rate Of Interest Is Zero

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