Monetary-policy

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Implementation of Monetary Policy in the Euro Area and the United States

The monetary policies of the Fed and the ECB have both been subject to significant changes since the 2008 financial crisis. The two central banks have had to adapt to recurring shocks (including, most recently, the COVID-19 pandemic and the inflation shock) by changing their instruments with a view to fulfilling their respective mandates. Following a period of low rates and ballooning balance shee... Lire la suite

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Washington Wall Street Watch n°2023-26

Réflexions hebdomadaires sur les principaux évènements financiers, institutionnels ou règlementaires, aux Etats-Unis.... Lire la suite

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World Economic Outlook in Spring 2023: The Economy Reaches Its Trough

The economy is facing mixed prospects in the international environment: while buoyed by recovery plans in Europe and falling commodity prices, it also has sticky core inflation and an uncertain geopolitical climate to contend with. World growth is projected to slow in 2023 and rebound moderately in 2024. With the exception of the United Kingdom, advanced economies should avoid a recession, and eme... Lire la suite