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Jesper Rangvid ─ author

Jesper Rangvid is a Professor of Finance at Copenhagen Business School (CBS). The unifying theme in his research is the relation between financial markets and the wider economy. In his book, From Main Street to Wall Street, he examines the relation between the macroeconomy and financial markets. Jesper chairs the Council for Return Expectations, is a member of the Board of Directors at Finansiel Stabilitet (the Danish Financial Resolution Authority), Advantage Investment Partners, Copenhagen Business School, and Grandhood, is a member of the Advisory Board (Investments) of Forenet Kredit.He also is the Associate Dean and is responsible for the CBS Executive MBA and co-directs the Pension Research Center at CBS (PeRCent). In 2012-2013, he chaired the government-appointed committee that investigated the causes and consequences of the financial crisis in Denmark. In Denmark, the report is referred to as the “Rangvid-report”.

Latest articles

European vs. US Stocks: Which Market Comes Out on Top?

By Jesper Rangvid: We often hear about the strength of the US stock market, which is widely perceived to have vastly outperformed its European...

C’est la Vie: Bond Vigilantes are Back

By Jesper Rangvid: Bond vigilantes have returned—this time in France. By 2034, France is expected to have the second-highest debt ratio in the EU....

Five Lessons From 2023

Copenhagen – (Jesper Rangvid): What a year. Inflation fell as fast this year as it rose in 2021 and 2022, we avoided an otherwise...

Why No Recession (Yet)?

Copenhagen – (Jesper Rangvid): If someone had asked me a few years ago, when interest rates were still zero or even negative, what would...

US Core Inflation: 2 Percent or 5 Percent?

Copenhagen – (Jesper Rangvid): Inflation in the US is falling fast, but when volatile energy and food prices are factored out, core inflation is...

ECB Earned Exactly Zero (0) Euros in 2022

Copenhagen – (Jesper Rangvid): Central banks argue that they are not profit-seeking institutions and cannot go bankrupt, suggesting that their financial performance does not...

A “Neat Little Trick” Saves the Fed From Bankruptcy

Copenhagen – (Jesper Rangvid): Normally, the Fed makes a profit, which it remits to the Treasury. These days, the Fed’s expenses exceed its income....

150 Years of Inflation

Copenhagen – (Jesper Rangvid): Over the past 150 years, inflation has generally been low. However, there have been four episodes of high inflation: the...

Did Energy Prices Cause This Inflation Surge?

Copenhagen – (Jesper Rangvid): You often hear that soaring energy prices, caused by supply-chain disruptions resulting from the pandemic and the war in Ukraine,...

Striking Similarities (and Differences) Between Inflation Today and in the 1970s

Copenhagen – (Jesper Rangvid): There are striking similarities between US inflation developments today and in the early 1970s. If inflation continues to develop as...

Recession in 2023?

Copenhagen – (Jesper Rangvid): Will the US and euro area economies contract during 2023? I present three views: Those of bond-market investors (as represented...

Rising Mortgage Rates and Falling Stock Prices

Copenhagen – (Jesper Rangvid): During 2022, mortgage rates have risen and stock prices have fallen, both negatively influencing households’ consumption possibilities. But how much...

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