Soaring US deficit is a source of concern
When our grandchildren study economics one day, will they systematically have to add a dummy variable* to their econometric equations for the period covering the Trump administration? Will the US…
Philippe Waechter's blog
The Economic Cycle in France and French Economic Policy
Growth in France is set to come to 1.8% in 2017 and 1.7% in 2018. From today’s standpoint, these figures look high as trend growth for the French economy came…
My contribution "The World Has Changed, …"
You will find below the link to an article, “The World Has Changed, and There Is a Need for Proactive Fiscal Policies” that was published in “International Banker” in the…
A more accommodative ECB? My macroeconomic column
Point #1 – The global economic momentum remains weak World trade was up by only 2% when November 2015 is compared to November 2014. This growth rate is still below…
Uncertainty and adjustment on markets
Five points on the current situation 1 – Global level: the expected growth for the world economy is low, no strong drivers in the US, Europe and China. That’s our…
Economic Outlook – March 2015
The monthly document for March is available in the “Economic Outlook” tag or on following this link Economic Outlook – March 2015
The French Cabinet Reshuffling
The French cabinet reshuffling has consisted of the exit of 3 important ministers: Arnaud Montebourg who was economy minister, Benoit Hamon minister of education and Aurélie Filippetti minister of cultural…
Mario Draghi’s speech in Jackson Hole? A game changer
In his speech in Jackson Hole, Mario Draghi has launched new thinking for a new economic policy in the Euro Area. His starting point is the analysis of unemployment (major…