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
The German saving rate doesn’t depend on the ECB interest rates
There is a lot of talks about the German savings rate, which is supposed to have increased recently in response to the drop in interest rates, notably the ECB rates.…
Public deficit in France, Economic Apathy and Italian politics – My Monday column
Is the French economy becoming virtuous? With the public deficit falling below the 3% mark, it is tempting to think so… 2.6% for the full year 2017 and 2.1% for…