Philippe Waechter's blog

Philippe Waechter's blog

4 min

From Yesterday to Today – October 28 – Understanding Growth

28 October 2020

Decoding

Growth is conditioned by the accumulation of capital and its articulation with technical progress. This is an essential factor in understanding the growth profiles of developed countries. But this is…

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3 min

From Yesterday to Today – October 26 – In the short term, the biggest threat is deflation

26 October 2020

Euro Area

Philippe Waechter

The low inflation observed in the euro zone will translate into very weak wage dynamics. Demand will be weak while health constraints will weigh on activity. A situation that will…

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3 min

From Yesterday to Today – October 23 – Saving limits uncertainty but penalizes the recovery

23 October 2020

News & Chronicles

Philippe Waechter

Household savings increased dramatically during the health crisis at the risk, by reducing demand, of slowing the recovery in activity and employment. Everyone is reassured by saving but creates the…

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3 min

From Yesterday to Today – October 21 – The widening interest rate spread between the US and the Euro zone

21 October 2020

Monetary Policy

Philippe Waechter

The 10-year interest rates in the USA and in the Euro zone now look divergent. The rate differential has widened by 20 to 30 basis points between the US and…

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3 min

From Yesterday to Today – October 20 – China and the rest of the world

20 October 2020

International

Philippe Waechter

The Chinese economy is normalizing. The health alert phase has passed and growth is resuming. It is rather self-centered and is no longer a source of strong impetus for the…

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3 min

From Yesterday to Today – October 19 – The second wave and the risk of deflation in Europe

19 October 2020

Monetary Policy

Philippe Waechter

The new measures on containment / curfew will influence the momentum of the activity. The uncertainty will create a wait-and-see attitude. Nothing to do with the general containment of the…

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Philippe Waechter

4 hours ago

RT @B_SMART_TV: "Le rôle de la BCE, ou des Banques Centrales, est d'amortir les chocs et d'être le préteur en dernier ressort des États".…

Philippe Waechter

13 hours ago

RT @phil_waechter: D’Hier à Aujourd’hui – 29 Octobre – Quel impact aurait le confinement de novembre sur l’activité en France ? t.c…

Philippe Waechter

13 hours ago

RT @phil_waechter: From Yesterday to Today – October 29 – What impact would the November lockdown have on activity in France? t.co/…

Philippe Waechter

18 hours ago

From Yesterday to Today – October 29 – What impact would the November lockdown have on activity in France? t.co/67i7Mimc6d

DIRECTOR OF ECONOMIC RESEARCH, OSTRUM AM

From Yesterday to Today – October 28 – Understanding Growth

From Yesterday to Today – October 26 – In the short term, the biggest threat is deflation

From Yesterday to Today – October 23 – Saving limits uncertainty but penalizes the recovery

From Yesterday to Today – October 21 – The widening interest rate spread between the US and the Euro zone

From Yesterday to Today – October 20 – China and the rest of the world

From Yesterday to Today – October 19 – The second wave and the risk of deflation in Europe

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