Monetary policy – Lessons from Powell’s era – What about the ECB ?
On the eve of the ECB meeting, the analysis by the two Romer validates the ECB’s option of raising interest rates. In other words, if the shock to the Eurozone…
Philippe Waechter's blog
Monetary Policies – Lessons from the Powell Era – Part 1
Will the rise in the inflation rate above 3% in the Eurozone and the United States trigger a strong reaction from central banks? This is the major question for the…
The ECB and Inflation
The European Central Bank is meeting today. In her press conference, Christine Lagarde will clarify the ECB’s position on the crisis stemming from the conflict in Iran. She will also…
Conflict, Energy and Inflation
The Middle East conflict between Israel and the United States on one side and Iran on the other has caused energy prices to surge. Everyone then recalled what happened in…
China and the Eurozone Asymmetrical competition?
A major challenge for the European cycle will be the confrontation with Chinese products. For what ? 1- China is redeploying its activity and will continue to use its exports…
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…
Keys for the week of February 3, 2025
Published on Wednesday To be noticed this week The appearance of GDP in the EurozoneExpected this weak US Employment in January The situation of the week=>What dynamics are seen in the French…
A somewhat empty framework for the ECB’s monetary policy
During the Michel Camdessus Conference held at the IMF on September 20, Christine Lagarde returned to the mechanisms of transmission of monetary policy in a troubled period.The message is that…