A new world
After the shocks of 2022, a recession for large parts of the world in 2023 seems inevitable. More difficult is to assess the long-term impact...
Tag: interest rates
A hawkish and arrogant ECB is frightening the European economy
Every increase in borrowing costs, including Thursday’s half-point move, advances Frankfurt officials’ fight against runaway inflation but also risks having a heavier economic impact. The...
Emerging markets caught in the crossfire
Emerging market central banks face a catch-22 where falling economic growth means they can’t maintain tight monetary conditions, but high inflation doesn’t allow them to...
A new headache for policymakers: the property markets
Rising interest rates combined with high household indebtedness worldwide could cause a general collapse in real estate markets. The case of Sweden is particularly interesting...
Jérôme Powell est-il l’homme de la situation ?
Jérôme Powell a probablement plus de points communs avec Arthur Burns que celui qui le remplaça, Paul Volcker. Cette connotation, si elle devait se révéler...