Macroeconomists, market strategists and journalists spend countless hours seeking to "explain" the behaviour of financial markets. Movements in asset prices are typically 'rationalised' with reference to macroeconomic phenomena, [...]
Introducing
Andrew Cates
in:Our Authors
Andy Cates joined Haver Analytics as a Senior Economist in 2020. Andy has more than 25 years of experience forecasting the global economic outlook and in assessing the implications for policy settings and financial markets. He has held various senior positions in London in a number of Investment Banks including as Head of Developed Markets Economics at Nomura and as Chief Eurozone Economist at RBS. These followed a spell of 21 years as Senior International Economist at UBS, 5 of which were spent in Singapore. Prior to his time in financial services Andy was a UK economist at HM Treasury in London holding positions in the domestic forecasting and macroeconomic modelling units. He has a BA in Economics from the University of York and an MSc in Economics and Econometrics from the University of Southampton.
Publications by Andrew Cates
Global| Apr 21 2021The Power of Surprises
by:Andrew Cates
|in:Economy in Brief
- Global| Apr 14 2021
A Rising Tide Isn't Yet Lifting All Boats
The aphorism "a rising tide lifts all boats" – commonly attributed to John F Kennedy - is often associated with the idea that an improving economy will benefit all participants. Policymakers ought to accordingly maintain a broad focus [...]
by:Andrew Cates
|in:Viewpoints
- Global| Mar 30 2021
Data Surprises, Markets and COVID
Incoming economic data in recent weeks have been encouraging. Forward looking indicators such as March's flash purchasing managers' surveys elicited across-the-board improvements in both manufacturing and services. Every major country [...]
by:Andrew Cates
|in:Viewpoints
- Global| Mar 17 2021
What Have We Learned So Far This Year?
In many respects this year has started where last year left off. The daily news cycle is still dominated by stories about COVID-19 and about how governments are responding to its ebb and flow. A by now familiar pattern has established [...]
by:Andrew Cates
|in:Viewpoints
- Global| Mar 08 2021
Climbing the Wall of Worry
Financial markets have clearly become much more unsettled in recent weeks. Growing concerns about inflation risks and how Central Banks might respond to prospective price pressures seem to be top of the worry list. And rising long- [...]
by:Andrew Cates
|in:Viewpoints
- Global| Mar 01 2021
Inflation Fears Are Probably Over-stated
Inflation fears have surfaced in financial markets in recent weeks. That at least is the message from rising bond yields and the climb in breakeven inflation rates that has accompanied that increase. Greater confidence in a global [...]
by:Andrew Cates
|in:Economy in Brief
- Global| Feb 19 2021
Vaccination and Adaptation
The performance of the world economy in coming months remains hostage to a number of factors but the evolution of the COVID-19 virus is the most important. As we discuss below, however, recent evidence on the virus front has been very [...]
by:Andrew Cates
|in:Viewpoints
- Global| Feb 12 2021
Heading the Right Way
Some positive trends Amidst the daily barrage of bad news stories that pervade the international media, a number of positive trends have unfolded in recent weeks. For example: • At the global level there has been a sharp retreat in [...]
by:Andrew Cates
|in:Viewpoints
- Global| Feb 12 2021
Heading the Right Way
Some positive trends Amidst the daily barrage of bad news stories that pervade the international media, a number of positive trends have unfolded in recent weeks. For example: • At the global level there has been a sharp retreat in [...]
by:Andrew Cates
|in:Economy in Brief
- Global| Feb 03 2021
Economic Performance Has Been OK Despite Difficult Headlines
January was riddled with some troublesome headlines. Political instability engulfed a number of countries including the US, Italy, the Netherlands – and via vaccine concerns – the European Commission. Worries about COVID mutations in [...]
by:Andrew Cates
|in:Viewpoints
- Global| Jan 26 2021
Positive Scarring
Many commentators have been focusing on some of the negative longer-term effects of the coronavirus crisis on the world economy. These include higher levels of debt, higher long-term unemployment, weaker world trade growth and [...]
by:Andrew Cates
|in:Economy in Brief
- Global| Jan 26 2021
Positive Scarring
Many commentators have been focusing on some of the negative longer-term effects of the coronavirus crisis on the world economy. These include higher levels of debt, higher long-term unemployment, weaker world trade growth and [...]
by:Andrew Cates
|in:Economy in Brief
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