Articles
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VF Corporation Acquires Iconic Streetwear Brand Supreme in a $2.1B All-Cash Deal
“We estimate that the streetwear market is a $50 billion global opportunity, driven by trends such as casualization, social influence, and self-expression. Supreme sits at the epicentre as the original category leader.” – Steve Rendle, CEO VF
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Ergodicity Economics – Valid Criticism of Traditional Economic Theory or an Imprudent Diatribe?
Ergodicity Economics is a recent field that allegedly contests traditional economic theory. This piece introduces the claims of ergodicity economics and discusses whether and to which extent they are justified.
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Monopoly Power? The Federal Trade Commission Wants to Break Up Facebook
As of 2020, Facebook and its subsidiaries account for an estimated 70% share of the social media market, with roughly 5 billion active monthly users and almost one hundred billion U.S. dollars in ad revenues. While this undeniably powerful position has attracted criticism from politicians and economists for years, the United States’ federal authorities did…
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Average Inflation Targeting
After years of unsuccessful inflation target policy, the Fed announced a drastic change to its policy on the 27th August 2020: The average inflation target- ing. In contrast to inflation targeting, this policy measure allows inflation to run higher than the 2% target, having further effects on future expectations and unemployment levels. In the New…
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Interview with Jean-Pierre Roth
Jean-Pierre Roth was Chairman of the Swiss National Bank’s Governing Board from 2001 to 2009, during which time he also served as the Swiss Governor of the International Monetary Fund. From 2006 to 2009, he was also Chairman of the Board of Directors of the Bank of International Settlements in Basel. Jean-Pierre Roth was elected…
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Curbing the Patent Application Overflow in the US – A Basic Policy Proposal
The United States Patent and Trademark Office is facing an overflow of applications. Scholars in the field of innovation have already put forth a plethora of suggestions to improve a patent system that they perceive to be broken. Building on an idea by Risch (2010) and drawing from the literature on cognitive bias, this proposal…
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Beyond Brexit: Outlook and Risks for the U.K. Economy
The path of UK economic output in 2020 mirrored that of the eurozone. In the first half of the year, a deep contraction preceded a sizeable rebound in the third quarter as virus restrictions were partially eased. In the summer, the government’s ”Eat Out to Help Out” initiative to support the hospitality industry, paired with…
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2022 Markets, PE, and M&A Outlook
2021 was a year of record equity markets performance on top of a trailing economy, but 2022 might be a completely different landscape for global markets. The private equity industry had a record dry powder in 2021, especially for strategic spin-offs. This trend is likely to be continued in 2022. In the M&A industry, ESG…
