As the Merkel era is drawing to a close, we take the occasion of the federal elections on September 26th to take a good look at three macroeconomic challenges facing Germany and the ramifications for the rest of Europe : Deglobalisation risk, t

#17 - With Jean Pisani-Ferry... and a few notes of Fleetwood Mac

Jun 23rd, 2021 34m 37s

As we relaunch macrocast after a hiatus of a few months and in conversational format, I was looking for someone who would help us to think through the noise and guide us in this post COVID world. I immediately thought of Jean Pisani-Ferry, who

#16 - Fiscal Forward Guidance Needed

Jul 13th, 2020 13m 15s

If Gilles Moëc does not always shine by his optimism, for this last podcast of the season he dares a duet with Mr Blue Sky (ELO). Believe it or not, there is talk of a "forward guidance" that could provide economic agents with an explicit – alb

#15 - US Policy-makers looking for Plan B

Jul 6th, 2020 11m 57s

We don't know if David Bowie was a Democrat, but he is with Gilles Moëc today to talk about the Health and Economic Recovery Omnibus Emergency Solutions" Act (HEROES). But is pumping up more pent-up demand a long term solution? On the monetary

#14 - Job Protection & Demand Management

Jun 29th, 2020 12m 28s

Only a strong political stimulus seems to be able to shift from general emergency support to long-term demand management. With this in mind, the debate on how best to protect jobs will be key. To tackle this thorny issue, Gilles Moëc is support

#13 - Credit Guarantee Feedback Loop

Jun 22nd, 2020 15m 34s

The success of the new TLTRO shows that pledging the governments’ balance sheet was certainly the right thing to do in the emergency, nevertheless the medium-term consequences of those guarantees need to be explored. Fortunately we will not be

#12 - Warning shot

Jun 15th, 2020 18m 16s

To talk about money supply growth, Gilles Moëc once again invokes the 1970s. But this week music shares the top billing with Milton Friedman. And ABBA can shout it 3 times in a row, Milton knows what he's talking about when it comes to MONEY.Ne

#11 - Beyond the mechanical rebound

Jun 8th, 2020 14m 31s

Jim Cramer is so excited about the recent U.S. dataflow that one of Bob Marley's is not too much to bring the tension down, even though there's still "So much trouble in the world'.Newsletter : https://www.axa-im.com/content/-/asset_publisher/a

#10 - Define "big"

Jun 1st, 2020 19m 9s

When there is good news in Europe, and the "Next Generation" package is undoubtedly one, Gilles Moëc leaves it to Apolline Menut (Eurozone Economist at AXA IM) to announce it to you. To encourage the movement, John Lennon and Queen won't go ami

#09 - The Long and Winding Road

May 25th, 2020 14m 35s

The Franco-German "Recovery Fund" proposal is a ray of light for the post-pandemic global economy, but it's already facing opposition that could spread in the next weeks. In the Us, the negative rate debate at the Fed is rising. Fortunately, th

#08 - Big figures looking smaller

May 18th, 2020 19m 16s

While the ECB could run out of ammunition much sooner than expected, David Page (Head of Macroeconomic Research at AXA IM) comes with good news from the UK ... About the weatherGuest : David Page, Head of Macroeconomic Research (AXA IM)Contac

#07 - Principles Matter

May 11th, 2020 16m 17s

The tension is rising in the UE after the GCC's ruling, as a matter of fact The Clash is (are) not far off. Further to the east, while the rebound began in March, it already appears to be fading. Aidan Yao will give us the stakes in the coming

#06 The limits of the Banking Channel

May 4th, 2020 16m 19s

Embark with Gilles and The Police in a time capsule in the early 50s. A podcast whose "flexibility" will undoubtedly please Christine Lagarde.Newsletter : https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-the-lim

#05 Looking for more fire-power already

Apr 27th, 2020 15m 20s

As the post-confinement trajectories of European GDPs take shape, it appears increasingly likely that what started as a symmetrical shock, affecting all EU countries at the same time, is evolving towards lasting divergences. Answers with Gilles

#04 Illusory Trade-offs

Apr 20th, 2020 14m 18s

While exits from lockdown are now on the horizon in Europe, the US are facing their addiction to oil. And what if the fight against global warming was the next victim of the pandemic? Answers from Gilles Moëc, Hugo Le Damany... And Neil YoungG

#03 Who will pay ?

Apr 14th, 2020 14m 20s

Did last week's Eurogroup meeting outline effective support for the most fragile member states? Beyond the EU, how are emerging markets coping with the crisis? Answers in the Macrocast, with unexpected insights straight from Abbey Road.Guest :

#02 The Swoosh shape of the rebound

Apr 6th, 2020 11m 24s

While the United States is now in the eye of the hurricane after Asia and Europe, it is already time to prepare for the post-Covid 19 period. How fast should we expect a rebound once logistical impairment will be over?Find the Macrocast newsl

#01 Remote

Mar 30th, 2020 13m 14s

For this first podcast episode, Gilles Moëc highlights ways to absorb the unavoidable rise in public debt beyond the massive QE response in the short run.Find the Macrocast newsletter below : https://www.axa-im.com/content/-/asset_publisher/

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