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  • 1 min

Public Debt, Climate Change, and Future Generations

  • 12 August 2019
  • Philippe Waechter
  • Climate Change
  • Interest Rates
  • Public Debt
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I look forward to the day my grandchildren ask me “Why didn’t you invest when interest rates were negative? It could have limited global warming as we burn today. ”
I will say then, “Very smart people thought that the public debt was too high. Negative rates were then an opportunity to reduce it” and they answer me “isn’t it a lack of foresight, of perspicacity?”
The climate challenge for future generations is more important than an accounting view of the public debt. We fear to leave them a debt too high that could constrain them. Not taking advantage of current opportunities is the best way to constrain their life and their future.

Related Topics
  • Climate Change
  • Interest Rates
  • Public Debt
On the same topic
  • 2 min

Inflation risk wins over investors

  • 16 March 2022
  • Monetary Policy

Philippe Waechter

Twenty days after the invasion of Ukraine by Russia, the risk of inflation takes precedence over the risk of slowing activity in the perception of investors.At her press conference, Christine…
  • Central Banks
  • Inflation
  • Inflation expectations
  • Yield Curve
READ
  • 5 min

Russian aggression on Ukraine – Stagflation in Europe and the impact of sanctions

  • 28 February 2022
  • Politics & Society

Philippe Waechter

The stagflation risk in Europe In Western countries, there is renewed risk of stagflation. Uncertainty related to the conflict could lead to delayed investment or consumption expenditures weighing on the…
  • Central Banks
  • Inflation
  • Ruble
  • Russia
  • Sanctions
  • Ukraine
READ
  • 10 min

From Today to Tomorrow – December 22 – The three ruptures of the health crisis – We must rebuild the economy

  • 22 December 2020
  • News & Chronicles

Philippe Waechter

The health crisis was a life-size experience. As a result of active economic policies, economies have been resilient. But three ruptures will change the economy of tomorrow.The first is the…
  • Economic Policy
  • Labor Market
  • Polarization of the World
READ
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