The Transmission Protection Instrument (TPI) is more a diversion than an “iteration”.
According to A. Beattie from the FT (July 27), the TPI is an iteration instrument. The TPI is more a diversion than an “iteration”. There...
L'ÉCONOMIE SAUVAGE
Jean-Pierre Dumas
Le blog de Jean-Pierre Dumas
Son objectif: proposer des papiers sur des problèmes économiques vus à travers la théorie et les faits.
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Un nouvel instrument est né: The Transmission Protection Instrument (TPI)
Membres du Conseil d’Administration de la BCE Jean-Pierre Dumas 24/07/2022 On comprend le dilemme de Mme Lagarde et de ses collègues du...
A wrong fiscal strategy
The motto of the French President is “protect the French people”, protect against covid, protect against inflation, protect against...
What do you prefer, “gradually” or “orderly”?
This is the kind of discussion between Euro-central bankers nowadays about interest rate policy, when the EZ inflation rate equals 8% in...
Faut-il annuler la dette des États due à la BCE ? C’est fait.
Jean-Pierre Dumas 18 juin 2022 Devant l’ampleur de l’explosion de la dette « covid », les économistes ont proposé diverses solutions pour...
The beginning of the end of QE?
JP Dumas Wednesday, June 8, 2022 If Mme Lagarde is serious about stopping QE (ECB’s bond-buying), this will be the beginning of the end...
At last somebody responsible in the room
Mr. Lindner, the German finance Minister is an ardent proponent of returning to the debt brake as quickly as possible. “The decision to...
“The task is to reunite” yes, but to “reunite” on what?
I am quite satisfied that E. Macron won by a large majority (58.5%) against M. Le Pen (41.5%) but he faces more or less 60% opposition at...
Macron-Le Pen un combat entre deux visions du monde
Jean-Pierre Dumas 18 avril 2022 L’élection présidentielle française, qui va se dérouler le 24 avril, porte sur un choix de civilisation....
Macron-Le Pen a fight between two visions of the world
Jean-Pierre Dumas April 15, 2022 Yes, this is an important time for France, the race to the presidential election is now between two...
Macron, malgré tout
Jean-Pierre Dumas March 21, 2022 Ania Nussbaum raises the right question about French election Bloomberg, Why-it-s-hard-for-a-French-pres...
Poutine est en train de perdre
Jean-Pierre Dumas lundi 28 février 2022 revu le 13 mars 2022 Certains disent que finalement l’Europe n’a que ce qu’elle mérite ; devant...
IMF conditionalities are vanishing
Jean-Pierre Dumas February 3, 2022 We have the feeling that the IMF is more and more evolving as a super NGO, of course, we exaggerate,...
Il y a six fois plus de décès chez les non vaccinés que chez les vaccinés
Jean-Pierre Dumas Vendredi 24 décembre 2021 Apparemment, les politiques extrémistes n’ont pas acquis les bases du raisonnement...
Angela Merkel was not a visionary, but she allowed her country to be a giant within Europe
Jean-Pierre Dumas December 8, 2021 Certainly, Angela-Merkel-is-no-saint, nor a visionary as said by M. Frank, she did not create the...
“The absurdity of the debt brake”
For a lot of economists (M. Krugman, O. Blanchard, E. Kelton, almost all Keynesians, there is no limit to the list), the debt limit is an...
The central bank’s trap
Jean-Pierre Dumas November 22, 2021 Mr Sharma raises in the FT an interesting question but gives, in my view, an unsatisfactory response....
La morale c’est pour les autres
European Commission President Ursula von der Leyen during a press conference ahead of the G20 Summit and the UN Climate Change Conference...
ECB is condemned to buy bonds like the flying Dutchman to sail on the oceans.
“The European Central Bank said it will keep its vast bond-buying programme running at a high pace despite rapidly rising inflation” FT...
The Doing Business WB report. Throwing the baby out with the bathwater
It is sad that the WB canceled the Doing Business Report which was one of the most useful reports made by the WB. The idea came from H....