Friday 03 September 2021
Trends Under the Macroscope #19 - Increase in inequalities and accommodative monetary policies : what causes what ?
Welcome to “Trends under the Macroscope”, the new Macro series from CPR AM dedicated to Megatrends!
CPR AM is pleased to present its new audio meeting "Trends under the Macroscope".
Discover Bastien Drut, Head of Thematic Macro Strategy, and his Macroscope on the major transformations of the economy, macro, climate and social issues most likely to affect our investment processes.
Listen Episode 19 - Increase in inequalities and accommodative monetary policies : what causes what ?
While the idea that accommodative monetary policies imply an increase in inequalities, a research paper presented at the Jackson Hole central bankers conference reverses the causality and tends to suggest that it is the rise in inequalities that causes the decline in equilibrium interest rates.