Secular stagnation
I ran into an article by the usually excellent Joseph Stiglitz on secular stagnation, entitled “The Myth of Secular Stagnation.” They gist of the article appears to be that the…
Philippe Waechter's blog
The monetary policy procyclicality: a new source of concern
Central bankers are progressively adopting a pro-cyclical behavior. The global growth momentum is now lower and central banks’ strategy now have a restrictive bias. In the US, Canada, UK and…
The US economy’s worrying change of pace – My Monday column
Is the US economy’s current pace set to trigger major imbalances, disrupt the current cycle and spark off a significant downturn in economic activity? The stockmarkets’ severe recent downturn reflects…
Economic Outlook – April 2016
Economic Outlook for April 2016 can be found Economic Outlook – April 2016
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…
The importance of oil – My weekly Column
First graph – A lower oil price will drive inflation rates down With Iran back on the oil market, the price dropped below 30 dollars for a barrel. This could…