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David Hauner

David Hauner

Head of Emerging Markets Economics & Strategy, EMEA, Bank of America Merrill Lynch International Ltd.
Quotes
07.06.2019
SPIEF 2019
The Search for Middle Class Stability in a Changing World
We, in fact, as a bank think that inequality will be one of the key driving forces of macroeconomic policy and therefore also ultimately shape financial markets over the next couple of decades. Simply because, we are definitely seeing that populations are not happy with the status quo. <…> Which basically means that going forward you're going to have to look at financial markets more from the perspective of more expansionary fiscal policy, higher taxes, more tariffs, less so through the lens of monetary policy – QE – that has really dominated over the course of the last 10 years
07.06.2019
SPIEF 2019
The Search for Middle Class Stability in a Changing World
Of course, what is important here is education. Jobs are not disappearing because of robots, but because people are insufficiently educated
06.06.2019
SPIEF 2019
Are We Witnessing a Paradigm Shift in the Global Economic Order?
The one domestic policy that should really be emphasized is that you are going to have to look at domestic education systems, because education systems and social protection systems are ultimately what is going to be able to maintain a reasonably open global system. <…> Yes, need to collaborate globally, we need to emphasize global institutions, but we should not spend all of our energy there. We very much need to focus on improving the domestic systems, which will make populations happier to keep the global system going as it is now