Report
Patrick Artus

What economic policies if the world is to experience a succession of crises?

Unfortunately, it is to be feared that the COVID crisis will be followed by a succession of other global crises: Other public health crises (the risk of infectious diseases is well known); Other financial crises, due to the excessive rise in asset prices caused by highly expansionary monetary policies; Climate crises (droughts, floods, population movements); Cybersecurity crises (attacks, network shutdowns); Geopolitical crises, given the increasingly aggressive stances of some countries; Social crises, given the growing rejection of inequalities. Governments must therefore examine their capacity to respond to a new crisis fairly soon (in a few years?). How much fiscal room would they have, given public debt ratios? Is further full monetisation of fiscal deficits conceivable, and with what risk for asset prices?
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

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