Inflation, Savings and the Economy
In the Eurozone, higher inflation has caused income sharing in favor of savings. Since the start of the pandemic and throughout the period of high inflation, the savings rate has been higher…
Philippe Waechter's blog
From Yesterday to Today – October 23 – Saving limits uncertainty but penalizes the recovery
Household savings increased dramatically during the health crisis at the risk, by reducing demand, of slowing the recovery in activity and employment. Everyone is reassured by saving but creates the…