Global economies & markets

Professor Tomio looks at how bond purchases by the European Central Bank created a large mispricing between the market for German and Italian government bonds and their respective futures contracts.

Mexico experiences a huge degree of socioeconomic inequality. With a new president, tensions with the U.S., and a new trade deal, will it be able to escape the middle-income trap? Can it grow, be socially progressive, and keep its reputation as business-friendly with global investors?

Resources are limited, and business and government compete for them … or so goes conventional wisdom and widespread economic theory. Does it hold up in the real world? Professor Dan Murphy’s research, presented at the IMF’s annual research conference, investigates government spending and its effect on the private sector.

Darden Professor Dennis Yang and Chinese economist Dr. Ha Jiming examine the factors that could influence trade talks between China and the U.S. ahead of a critical deadline for a deal, and predict possible fallout for the global economy if a trade war escalates.

As January draws to a close, the U.S economy finds itself in uncharted territory, with conventional measures of strength such as the low unemployment rate and increasing wage growth juxtaposed with a topsy-turvy stock market, its longest-ever government shutdown and a U.S. president openly pillorying actions of the Federal Reserve Board.

Richard A. Mayo Center for Asset Management Director Aaron Fernstrom (GEMBA ’15) explores the rapidly growing — and essentially unregulated — shadow banking market.

Most economic crises fade quickly into blurry memories, but the same can’t be said of the mortgage meltdown and Great Recession of 2007–09. A decade later, three of Darden’s top economics and finance professors share their concerns of a repeat.

Anton Korinek of UVA’s Darden School and Department of Economics explains the impact of AI on the future of human work and what we should be doing about it now.