Report
Patrick Artus

The strange economic policy in the OECD

Over the past 10 years, OECD countries have preferred to: Curb wages, leading to excess savings since profits are needlessly high; Correct the excess savings and weak household demand with expansionary fiscal and monetary policies; And run the risks of these policies: the risk of social and political crisis; rising public debt and the risk of a public debt crisis should interest rates rise; due to the very low interest rates, weakening of banks, the risk of bubbles and zombie firms. Rather than having a restrictive wage policy offset by highly expansionary fiscal and monetary policies, would it not be better to have a neutral wage policy and less expansionary fiscal and monetary policies? But is it not too late to change the economic policy mix?
Provider
Natixis
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.

 

Analysts
Patrick Artus

Other Reports from Natixis

ResearchPool Subscriptions

Get the most out of your insights

Get in touch