Inflation is not a monetary phenomenon
Inflation stories are all different. While price increases are tending to normalize in the Eurozone and the United States, China is on the verge of becoming deflationary, and Japan, long…
Philippe Waechter's blog
From Today to Tomorrow – November 16 – Risks on the recovery in the euro zone
The resumption of growth in the euro zone, beyond the second lockdown, will be more dependent than in the past on the dynamics of its internal demand. The world is…
From Yesterday to Today – October 26 – In the short term, the biggest threat is deflation
The low inflation observed in the euro zone will translate into very weak wage dynamics. Demand will be weak while health constraints will weigh on activity. A situation that will…
From Yesterday to Today – October 19 – The second wave and the risk of deflation in Europe
The new measures on containment / curfew will influence the momentum of the activity. The uncertainty will create a wait-and-see attitude. Nothing to do with the general containment of the…