Monetary Policies – Lessons from the Powell Era – Part 1
Will the rise in the inflation rate above 3% in the Eurozone and the United States trigger a strong reaction from central banks? This is the major question for the…
Philippe Waechter's blog
Overlapping Crises
The current crisis differs fundamentally from previous ones in its very nature. In 2008, the shock was financial and identifiable; in 2020, it was a health crisis and universal. In…
Europe must write its own narrative to continue to exist
What is the relative importance of economics and politics in European integration? In a world of power dynamics as it is now emerging, Europeans need a shared narrative, an ability…
The conflict ends, what are the consequences? – Part 1
Statements from the White House suggest the situation could evolve rapidly. The American strategy is encountering an effectiveness problem, and Donald Trump has backtracked on the urgency he emphasized at…
The ECB and Inflation
The European Central Bank is meeting today. In her press conference, Christine Lagarde will clarify the ECB’s position on the crisis stemming from the conflict in Iran. She will also…
The fragmentation of the world
In the week following the start of the conflict in Iran, economic issues resurfaced. Energy prices rose sharply, reminiscent of the surge seen during Russia’s invasion of Ukraine. The risk…
The question of sovereignty
Global interdependence creates vulnerabilities, as the post-pandemic period clearly demonstrates. States seek to mitigate these vulnerabilities, while at the same time, citizens want to regain control over decisions that affect…