Lars Rohde on negative rates, pegs, productivity and resolution

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The UK's decision in June to exit the European Union and the US's to elect Donald Trump its next president came as a surprise to many. What impact could the Trump presidency have that is relevant to central bankers?* It is very early days. We do not know much about the precise shape of the economic policies from the future US government. Based on what was said, it seems we can expect a little more expansive fiscal policy in the US. The reactions in the bond market where interest rate went up,