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Philippe Waechter

Chief economist

New currency in France – Uncertainties and Instability

21.04.2017

Europe is a key factor in the presidential campaign, even though this theme gained minimal coverage during the two televised debates. Europe is a key differentiating factor for the four candidates who are leading in the polls, and so it must be the main decisive factor in the elector’s choice between the candidates.

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Fed and ECB: monetary strategy convergence is not imminent

13.04.2017

The current dynamics of monetary policies is fascinating.
The US central bank, the Federal Reserve or Fed, has just announced implementation at the end of the year of a policy that breaks markedly with its strategy since December 2008. The Fed finally seems to be coming out of the financial crisis that kicked off in 2007/2008. Meanwhile, the European Central Bank (ECB) is sticking to its very accommodative policy on a long-term basis. The Eurozone is unable to let go of the monetary crutches it adopted after the 2008 and 2012 crises.

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Innovation and Employment – Part I

10.03.2017

The issue of robots and employment emerged recently during the French election campaign, with presidential candidate Benoît Hamon discussing two aspects of this matter at great length. The first aspect is job shortages caused by robotization of the economy: the result of this shift is to make basic universal income a necessity to offset the impact of these shortages on French citizens’ income. The second area involves taxing robots in order to finance the social model as well as education. I will look into these issues in detail in three successive columns. The first will deal with the traditional relationship between innovation and employment, the second will focus on the introduction of artificial intelligence and the third will discuss the issue of taxing robots and explore the key question of who owns these machines.

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Philippe Waechter is Head of the economic research department of Natixis Asset Management.

Philippe joined Bred Banque Populaire in April 1988 as an economist. In 1994 he became Director of the economic research department. When Banque Populaire Asset Management was created in June 1998 (which then became Natexis Asset Management in May 2003) Philippe held the same position.

Philippe is graduated from the University of Paris I and worked as a Professor at the University of Evry from 2002 to 2003. He regularly works for the print and audiovisual media.

On Twitter

Philippe Waechter . 19h ago

RT @SMerler: Always nice to wake up and see daily reminders that your country is by now beyond the ridiculous, and way into the absurd. #de…

Philippe Waechter . 19h ago

RT @quatremer: Excellent ! 😂 https://t.co/0EBUbnZM4W

Philippe Waechter . 19h ago

RT @pisaniferry: Some news look implausible but are just indicative of the magnitude of shifts affecting the global economy. https://t.co/J