Fed: When will rates be on the upside? It depends
Janet Yellen said nothing unexpected at the press conference following the meeting of the Monetary Policy Committee of the Fed. Forecasts for growth and inflation were adjusted and the amount…
Philippe Waechter's blog
Economic Outlook – June 2014
You will find my Economic Outlook for June 2014 in the tag “Economic Outlook” above or by following the link – http://wp.me/P3O9DQ-yR
Robert J. Gordon and Joel Mokyr on Technology and Growth
If you are curious then spend 5 minutes to read this discussion between Robert Gordon (see here) and Joel Mokyr (see here). The first considers that everything that is essential…
In the first quarter, the Fed’s balance sheet was larger than that of the ECB
During the first quarter, the Fed’s balance sheet became larger than that of the ECB. Each balance sheet is now close to 23% of its respective nominal GDP. The chart…
France is late to take the bandwagon of the recovery: in 2 charts
The first chart compares industrial production’s profiles in Europe. It shows the main Euro Area countries plus the United Kingdom. With the exception of Italy for which economic outlook is…
Core Inflation rate is lower now in the Eurozone – Worrisome
Usually the low inflation rate in the Euro Area is explained by low and downward trending commodity prices. It’s easy to think that the risk of deflation comes from outside.…
Internal Demand Momentum – Euro Area versus USA
In my previous post (here), I mentioned internal demand momentum in the Euro Area and in the United States. The chart below shows internal demand profile for both country or…
Weak private internal demand in the Euro Area
Look at this chart. It is households consumption plus investment (there is no distinction between public and private investment). In real terms its level is still 6,6% below it peak …