MSCI to Rename Real Estate Indexes and Benchmarks to Mirror Investors' Integration of Real Estate into Real Assets Portfolio Allocations
November 14, 2018--MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes
and analytics, announces that all IPD indexes and benchmarks will be renamed the MSCI Private Real
Assets Indexes, effective December 8, 2018 to mirror the changes in investors' portfolios.
Jay McNamara, Head of Real Estate at MSCI, said: "Renaming the IPD indexes allows us to provide clients with a single, clear and consistent collection of private real assets indexes,...
Net financial inflows-including debt and equity-jumped to $1.11 trillion, the highest level in four years, the report indicates.
Source: World Bank
World Economic Forum-Regional Risks for Doing Business
We can see signs of how vulnerable many of the complex systems that make up our world are: from the environmental to the financial and the societal to the geopolitical, the signs of strain are evident.
In The Global Risks Report 2018 we noted that this is now a multipolar and multiconceptual world-not only has global power shifted, but differences in norms and values among the world's powers have become more important. Predictions-particularly in the West-that global systems would converge have not stood the test of time and we are moving into uncharted international waters. view the World Economic Forum Insight Report
Regional Risks for Doing Business 2018
Source: World Economic Forum
IMF Working Papers-Is Inflation Domestic or Global? Evidence from Emerging Markets
In this paper, we review the inflation performance in a sample of 19 large emerging markets in the past couple of decades and quantify the impact of domestic and global factors in determining inflation. We document that the level, volatility, and persistence of inflation declined significantly, albeit not uniformly. Our results suggest that longer-term inflation expectations, linked to domestic factors, were the main determinant of inflation. External factors played a considerably smaller role. The results are a useful piece of evidence as emerging markets craft their monetary policies to navigate the future shift in global financial conditions.
view the IMF Working Papers-Is Inflation Domestic or Global? Evidence from Emerging Markets
Source: IMF
Emerging, Developing Economies to Face Challenges if Global Inflation Rises
The adverse effects of high inflation can fall disproportionately on the poor, who hold most of their assets in cash and rely heavily on wage income, welfare benefits, and pensions, the World Bank said in Inflation in Emerging and Developing Economies: Evolution, Drivers, and Policies. High inflation has historically also been associated with slower economic growth, making efforts to maintain low and stable inflation crucial for reducing poverty and inequality, the World Bank said. view the World Bank Inflation in Emerging and Developing Economies: Evolution, Drivers, and Policies
Source: World Bank
IMF-Regional Economic Outlook: Middle East and Central Asia November 2018
he report highlights the importance of raising medium-term growth in the CCA region, outlining how growth-friendly fiscal policies, increased private activity, and improved resilience to global shocks are essential to delivering this goal. view the IMF-Regional Economic Outlook: Middle East and Central Asia November 2018
Source: IMF
Smart beta growth engine sputters as investors question strategy
Smart beta funds take an ordinary index and tweak it based on so-called factors , such as comparing prices of the underlying stocks with earnings. There are growing concerns, however, about the quality of some smart beta strategies.
Source: FT.com
IMF Working Papers-The Limits of Meritocracy
In contests with sufficiently heterogeneous agents, discouragement and complacency effects further reduce the benefits of meritocracy. Perfect meritocracy may be optimal only for intermediate levels of heterogeneity. view the IMF Working Papers-The Limits of Meritocracy
Source: IMF
Investors turn to ETF options for safety amid turmoil
Source: FT.com
IMF Working Papers-An Algorithmic Crystal Ball: Forecasts-based on Machine Learning
We pursue a new approach to forecasting by employing a number of machine learning algorithms, a method that is data driven, and imposing limited restrictions on the nature of the true relationship between input and output variables. We apply the Elastic Net, SuperLearner, and Recurring Neural Network algorithms on macro data of seven, broadly representative, advanced and emerging economies and find that these algorithms can outperform traditional statistical models, thereby offering a relevant addition to the field of economic forecasting.
view the IMF Working Papers-An Algorithmic Crystal Ball: Forecasts-based on Machine Learning
Source: IMF
November 12, 2018--The World Economic Forum has been publishing The Global Risks Report since 2006, highlighting each year the vulnerability of our increasingly networked and interconnected world to volatility and disruption. The relevance of the risk perspective has only increased with time. Globally, we have been living through a period of unprecedented improvements in living standards, but this period is also unsettled and unsettling.
November 8, 2018--Summary:
Following a period of disinflation during the 1990s and early 2000s, inflation in emerging markets has remained remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world trade and the broader globalization in these economies, or to better domestic policies?
November 7, 2018--Further upward acceleration of global inflation from record low levels may impair efforts in emerging and developing economies to sustain the low inflation environment achieved over the past several decades, the World Bank said in a groundbreaking examination of inflation in the emerging and developing world.
November 6, 2018--CCA Highlights
Growth in the Caucasus and Central Asia (CCA) region exceeded expectations in 2017, but momentum is set to fade, according to the IMF's latest Regional Economic Outlook (REO).
November 4, 2018--Active-passive hybrid funds on course for lowest level of inflows in five years.
November 1, 2018--Summary:
We show that too much meritocracy, modeled as accuracy of performance ranking in contests, can be a bad thing: in contests with homogeneous agents, it reduces output and is Pareto inefficient.
November 1, 2018--A chastening October reminds some investors about the risks of a further drop
November 1, 2018--Summary:
Forecasting macroeconomic variables is key to developing a view on a country's economic outlook. Most traditional forecasting models rely on fitting data to a pre-specified relationship between input and output variables, thereby assuming a specific functional and stochastic process underlying that process.
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