Report
Bruno Cavalier

Debt and inflation, dangerous liaisons?

The coronavirus has wiped around 10 points off GDP in 2020 in G7 countries and led to a rise in government debt-to-GDP ratios of around 20 points. Is a shock on this scale likely to cause inflation? This could happen if the fiscal authorities become irresponsible (leading to debt cancellation), or if the central bank loses its autonomy vis-à-vis the political authorities, or if the supply shock endures (trade friction). We are of the view that the dominant factor is the scale of ...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Bruno Cavalier

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