In a recent Global Macro Views , we have shown that this year's drop in US inflation - arguably one of the key macro surprises of 2017 - is to an impo

EM currencies have sold off since the FOMC meeting on Sep. 20. We evaluate the risk of another "taper tantrum" and discuss how different currencies mi

The current account surplus will likely remain below $40 billion this year, despite oil prices rising 20% from 2016. The import substitution policy, p

Inflation fell to its lowest level since 1999 driven by lower food, dwellings, and transport contributions. Using a bottom-up approach, we found incre