Why bond yields matter far beyond markets
Higher sovereign yields change mortgage costs, fiscal space and the economics of public investment.
INSIGHTS
Short, evidence-led analysis on growth, fiscal policy, healthcare, prevention and the European economy.
An economy can absorb shocks and still fail to generate the productivity, investment and real-income growth needed for durable prosperity. The policy question is how to create momentum without compromising fiscal credibility.
RECENT THEMES
These are the recurring questions behind my research, interviews and policy work.
Higher sovereign yields change mortgage costs, fiscal space and the economics of public investment.
The returns show up in future healthcare demand, labour-market participation and public finances.
Weak productivity and investment can coexist with short-run resilience.
Europe’s challenge is to raise investment and productivity while protecting social cohesion.
WHAT I FOLLOW
The commentary focuses on the connection between macroeconomic conditions, public finances, healthcare systems and the incentives that shape individual and institutional behaviour.
Tracking whether resilience is turning into investment, productivity and real-income growth, and what that means for public services and fiscal credibility.
Looking at how prevention, behaviour and incentives affect health outcomes, healthcare expenditure and the sustainability of publicly funded systems.
Following the interaction between investment, demographics, taxation and the institutional choices that shape European economic performance.
Separating measurable mechanisms and trade-offs from political messaging, with an emphasis on what economic evidence can and cannot establish.