Claim OwnershipMacro Waves
Subscribed: 35Played: 361
Subscribe
© Copyright BNP Paribas Economic Research
Description
Stories about money and markets : Monthly talks from the Economic Research department of BNP Paribas.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
60 Episodes
Reverse
Is stagflation back? In this series of podcasts, William De Vijlder, Group Chief Economist of BNP Paribas, discusses the issue of stagflation, a term that has been increasingly used in the media in recent months. Stagflation, a multi-year phenomenon combining rising unemployment and high inflation, brings us back to the dark days of the 1970s and 1980s, when inflation levels were unprecedented and mass unemployment began.Hosted by Ausha. See ausha.co/privacy-policy for more information.
The convergence of several factors of tension – the health crisis, the war in Ukraine, the tensions in supply chains – is leading us to speak more and more of stagflation. The term is a contraction of "stag" for stagnation in economic activity and "flation" for inflation. William De Vijlder, Chief economist of BNP Paribas, offers a two-part podcasts series on this worrying phenomenon.Hosted by Ausha. See ausha.co/privacy-policy for more information.
In this third and final episode of the series dedicated to labour productivity in Spain, signs of encouragement for a recovery in Spanish productivity are presented, in particular thanks to a national recovery plan (2021-2026) that is in line with the España 2050 strategy, which consists of raising R&D investment.Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In this second episode of the series on labour productivity in Spain, Hélène Baudchon and Guillaume Derrien discuss the three main factors that explain Spain's low productivity.Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In this series of three podcasts "Focus on Labour Productivity in Spain" Hélène Baudchon, Deputy Chief Economist and Head of the OECD team, BNP Paribas Economics Department and Guillaume Derrien, Senior Economist in the same team, discuss productivity as an endemic weakness of the Spanish model. This first episode reviews the main trends in the evolution of productivity in Spain compared to its European neighbours over the last 25 years.Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
As we enter the second half of the year, and after a first half marked in particular on the economic front by the tariff war initiated by the United States, we suggest that we pause and look back for a moment. This will allow us to understand the dynamics that have shaped our economies over the last six months. It will also help us to identify to what extent and in what way they will impact the economic outlook for the second half of the year. What scenario should we expect?Hosted by Ausha. See ausha.co/privacy-policy for more information.
To highlight the publication of the second quarter issue of EcoPerspectives Emerging Economies, three members of the Emerging Economies team speak in ‘MacroWaves’: Christine Peltier, Cynthia Kalasopatan Antoine and Lucas Plé. This is an opportunity to take stock of the specific challenges facing countries.In this podcast, our economists review the consequences of US tariff increases on global growth, the dynamics of international trade reconfiguration, and the reorganisation of value chains. We will analyse the effects of these upheavals on emerging countries.Hosted by Ausha. See ausha.co/privacy-policy for more information.
In this new Podcast, we take a look at the short- to medium-term economic outlook for the major advanced economies, analysing the impact of trade tensions, the room for manoeuvre available and the expected economic dynamics.#growth #inflation #monetarypolicy #us #eurozone #ukReading advice :Équipe Économies Avancées | EcoPerspectives — Économies Avancées | 2ème trimestre 2025 – Etudes Economiques – BNP ParibasSound credit :Extact from the speech of Pierre-Olivier Gourinchas, chief economist at the IMF, during the IMF World Economic Outlook' press briefing, April 2025.# Press Briefing: World Economic Outlook, April 2025 - YouTubeExtract from Jérome Powell's speech at the May 7, 2025 FOMC press conference.# FOMC Press Conference May 7, 2025Extact from the speech by Christine Lagarde, Président of the ECB, at the announcement of the ECB's latest monetary policy decisions, April 17, 2025.# President Lagarde presents the latest monetary policy decisions – 17 April 2025Hosted by Ausha. See ausha.co/privacy-policy for more information.
In this Audiobrief, Stéphane Colliac discusses selfemployment in France. It has been growing again for almost 20 years, particularly in household services, but also in business services. In France, which has created nearly 420000 jobs a year over the last 5 years, self-employment has represented almost one job creation out of 5.Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In this Audiobrief, Guillaume Derrien discusses recent evolution of the European Union's trade balance. The latter moved back to a surplus in 2023. Despite China’s ramping up to higher value-added sectors, the EU trade surplus in traditionally buoyant industries (pharmaceuticals, automotive) remains at historically-high levels.Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In this audiobrief, Stéphane Colliac describes France’s trade deficit for 2023 main drivers. In addition to a deficit linked to imports of hydrocarbons and a structural deficit reflecting the country’s de-industrialisation, it is also driven by France’s investment in the needs arising from the ecological and digital transition and the electrification of the car industry. Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In the second podcast on geopolitical uncertainty and its economic consequences, Daniel Morris and William De Vijlder look more closely at the impact of geopolitical uncertainty on firms, households and financial markets.Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In two podcasts Daniel Morris, Chief Market Strategist of BNP Paribas Asset Management discusses with William De Vijlder, Group Chief Economist of BNP Paribas the impact of geopolitical uncertainty on the economy. In this first podcast, they look at economic and geopolitical uncertainty, why it matters and how it can be measured.Clic here to consult the graphicHosted by Ausha. See ausha.co/privacy-policy for more information.
In the second and last episode of the series on central banks and their fight against inflation, Andrew Craig and William de Vijlder are looking beyond the peak and discuss what will come next. Among the questions are: how long will central banks hold rates at these levels? How long will they plateau at these current levels? what come after that?Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In this series of two podcasts Andrew Craig, co-head of the Investments Insight Center at BNP Paribas Asset Management, interviewed William de Vijlder, group chief economist of the Economic Research of BNP Paribas regarding the central banks policies to fight inflation. Among the questions answered in the first episode are:Are we at the peak or can we expect further rates hikes? Is the inflation going to declines? at which pace?Economic Research WebsiteHosted by Ausha. See ausha.co/privacy-policy for more information.
In this new AudioBrief, Guillaume Derrien, economist within the OECD team, discusses the close relationship between global growth and the evolution of international trade.Economic Research's website, BNP Paribas Hosted by Ausha. See ausha.co/privacy-policy for more information.
In this final episode, William De Vijlder analyses the responses of European governments tothe crisis generated by the pandemic. How to stimulate and maintain economic growthwhilst at the same time developing an environmental policy that meets the challenges ofclimate change? The “Next Generation EU” plan recently launched by the EuropeanCommission is discussed from this viewpoint.Hosted by Ausha. See ausha.co/privacy-policy for more information.
In the second episode, François Doux and William De Vijlder discuss the profound socialchanges that the pandemic has brought about. The virus has put health at the centre ofpeople’s worlds, and stimulated new interest in environmental issues. William De Vijlderexplains why these changes in behaviour and mindset could prove to be long-lasting.Hosted by Ausha. See ausha.co/privacy-policy for more information.
In the first episode of this series of podcasts, William De Vijlder and François Doux will lookat the concept of externalities to consider how lockdowns, by limiting human and economicactivity considerably, have affected the environment. They also examine the notion of“green swan” risks; climate-related risks that could threaten the economy.Hosted by Ausha. See ausha.co/privacy-policy for more information.
In the final episode, William De Vijlder turns to the psychological factors in play when it comes to inflation. We will see that inflation, perceived inflation and expected inflation are three very different notions. William also looks at relative prices and absolute prices and discusses how the Covid-19 pandemic has affected prices and the nature of demand. Lastly, he will look at the possible impact of the pandemic on the strategy of central banks in terms of monetary policy over the coming years.Hosted by Ausha. See ausha.co/privacy-policy for more information.
Comments
Download from Google Play
Download from App Store
United States