Research Area

Macro Transmission

Follow a growth, inflation or policy shock through cash flows, discount rates and financing conditions.

Trace an economic disturbance through financing, cash flows, currencies, and valuations without turning conditional mechanisms into forecasts.

Separate levels, momentum, surprises, and shock origins when using growth and inflation to organize cross-asset research.

Build conditional macro paths, translate shocks into instrument effects, and distinguish valuation losses from funding requirements.

Translate holdings and derivative notionals into economically meaningful sensitivities while retaining basis, liquidity, and model limitations.