Natixis - Les perspectives pour l’inflation

Report

Natixis

Patrick Artus

Les perspectives pour l’inflation

N ous allons regarder les États - Unis et la zone euro . L’ annonce d ’ une politique fiscale très expansionniste aux États-Unis y a fait nettement remont er les anticipations d ’ inflation. Ceci amène à s ’ interroger sur les perspectives pour l ’ inflation en abordant les points suivants : D ans quelle s condition s un déficit public peut-il être inflationniste ? P endant combien de temps le sous-emploi écarte - t-il le risque d ’ inflation ? Q uels sont les facteurs structurels d ’ inflation à plus long terme ? Q ue nous apprend l ’ exemple du Japon sur l ’ influence de ces facteurs ?

21/02/2021 10 FR

Provider

Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

See profile

Analysts

Patrick Artus

Other Reports from Natixis

Jesus Castillo ... (+2)

Jesus Castillo
Justine GRENON

Spain: a misleading rise in unemployment

According to data released by the National Statistical Office on April 28, the unemployment rate has rebounded to 11.4% in Q1 2025 . However, on a year-on-year basis, the number of unemployed has decreased by 6.3%. The Spanish labor market remains dynamic at the beginning of the year, suggesting solid GDP growth in the first quarter.

1h / 49m 1h / 49m 1 EN

Alicia Garcia Herrero ... (+2)

Alicia Garcia Herrero
Kohei Iwahara

BoJ to pause as a stronger Yen takes away some cost-inflation pressure but also that of the Trump administration

President Trump’s “Liberation Day” has additional complications to the Bank of Japan (BoJ)’s endeavor to normalize its monetary policy further. In addition to the 10% general tariff, the US government had imposed 24% reciprocal tariff on Japanese goods, which were temporarily lifted on April 9th and now under a 90-day negotiation. As Japan’s trade surplus with the US remains substantial (Chart 1), the scope of the negotiation is broad, ranging from agricultural products, national security and non-tariff barriers including what the Trump administration considers a very weak Yen.Given the pressu...

6h / 8m 6h / 8m 1 EN

Jesus Castillo ... (+2)

Jesus Castillo
Justine GRENON

Espagne : une hausse du chômage en trompe l’œil

Selon les d onnées publiées par l’INE ce 28 avril, le taux de chômage en Espagne du premier trimestre 2025 a rebondit à 11,4 % . Toutefois, en glissement annuel, le nombre de chômeurs a baissé de -6,3%. Le marché du travail espagnol reste dynamique en ce début d’année, et augure d’une croissance du PIB encore solide au premier trimestre.

8h / 34m 8h / 34m 1 FR

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Les perspectives pour l’inflation

Spain: a misleading rise in unemployment

BoJ to pause as a stronger Yen takes away some cost-inflation pressure but also that of the Trump administration

Espagne : une hausse du chômage en trompe l’œil

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe