Event organizer: Le Cercle des économistes
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Managing inflation

Session 3 Amphi 3 July 8, 2022 14:45 - 15:45


Overview

The return of inflation in the advanced countries came as a surprise. At first, it was seen as a temporary phenomenon to avoid taking decisions that might slow down the rebound in activity. But we can no longer allow a drift that risks becoming more pronounced and affecting the functioning of economies in the long term.

To do this, we must first examine the mechanisms that are at the origin of this instability and are capable of maintaining it. They undoubtedly differ from one country to another, but overall it is considered that supply-side disturbances (blockages in supply chains, loss of skills in certain activities, raw material prices, etc.) have played a major role, often aggravated by excessive
stimulation of demand.

The question is which policies are best suited to address these imbalances. In recent decades, monetary policies have been entrusted with the task of ensuring price stability. But are they effective in managing present and future supply shocks? Or can we believe in the possibility of virtuous co-ordination between fiscal policies that cushion these shocks and monetary policies that limit the cost to public finances?


Speakers

Jean BEUNARDEAU
Chairman of the Board
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HSBC Continental Europe
Bio
Paul HERMELIN
Chairman of the Board of Capgemini Chairman of the Board of Directors of the Festival of Lyrical Arts of Aix-en-Provence
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Capgemini
Bio
Justin Yifu LIN
Professor and Dean
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Institute of New Structural Economics, Université de Pékin
Bio
Luiz A. PEREIRA DA SILVA
Deputy General Manager
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Banque des Règlements Internationaux (BIS)
Bio
Jean-Claude TRICHET
Former President of the European Central Bank
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Banque centrale européenne
Bio

Coordinator

Jean-Paul POLLIN
Member
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Le Cercle des économistes
Biographie

Moderator

Béatrice MATHIEU
Rédaction en Chef
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L'Express
Biographie

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