Inequality and macroeconomic models
By Stéphane Auray and Aurélien Eyquem “All models are wrong, some are useful.” This quote from George Box has often been used to justify the […]
Why – and how – to make Next Generation EU (NGEU) sustainable
Frédéric Allemand, Jérôme Creel, Nicolas Leron, Sandrine Levasseur and Francesco Saraceno The Next Generation EU (NGEU) instrument was created during the pandemic to finance the recovery and, above all, to […]
Will the US labour market withstand monetary tightening?
By Christophe Blot In March 2022, the US central bank began tightening monetary policy in response to rapidly rising inflation. Since then, the target rate […]
Bank fragility: What consequences for economic growth and its relationship with bank loans?
Jérôme Creel and Fabien Labondance The collapse of Silicon Valley Bank (SVB) has rekindled concern about the solidity of the US banking system and, via […]
The UK budget: From support to austerity
By Hervé Péléraux With the latest national accounts published on 22 December 2022 showing a 0.3% fall in GDP in Q3 of 2022, following a […]
Has inflation in the euro zone peaked?
By Christophe Blot For the first time since June 2021, inflation, as measured by the Harmonised Index of Consumer Prices (HICP), has fallen in the […]
War in Ukraine and rising international tension: What impact on GDP?
By Raul Sampognaro The invasion of Ukraine launched by Russia on 24 February 2022[1] dealt a major shock to the European economy, which was already […]
How do rising interest rates impact French economic growth? An overview of macroeconometric models
By Elliot Aurissergues The year 2022 was marked by a sharp inflationary surge in the United States and the euro zone. At the end of […]
How effective are economic sanctions?
By Céline Antonin This topic was the subject of a conference entitled “Sanctioning a country’s economy – A solution?” on 16 November 2022 as part […]
Reforming the Growth and Stability Pact: The Commission has fallen on the debt
By Jérôme Creel In its communication of 9 November 2022, the European Commission outlined the contours of the new European fiscal framework that should, in […]