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How can the Eurozone exit low inflation? Lorenzo Bini Smaghi 4 - PowerPoint PPT Presentation

Nov 09, 2023 •20 likes •180 views

How can the Eurozone exit low inflation? Lorenzo Bini Smaghi 4 Dcembre 2014 Real GDP Real GDP 100=01/01/07 110 105 100 US 95 Eurozone 90 85 2007 2008 2009 2010 2011 2012 2013 2014 Source : Datastream 11/2014 | P.2 P.2

  1. How can the Eurozone exit low inflation? Lorenzo Bini Smaghi 4 Décembre 2014

  2. Real GDP Real GDP 100=01/01/07 110 105 100 US 95 Eurozone 90 85 2007 2008 2009 2010 2011 2012 2013 2014 Source : Datastream 11/2014 | P.2 P.2

  3. Real GDP per capita Real GDP per capita 100=01/01/07 110 105 US 100 Eurozone 95 90 85 2007 2008 2009 2010 2011 2012 2013 2014 Source : Datastream 11/2014 | P.3 P.3

  4. Real GDP Real GDP 100=01/01/07 110 105 100 US Germany 95 Italy 90 85 2007 2008 2009 2010 2011 2012 2013 2014 Source : Datastream 11/2014 | P.4 P.4

  5. Real GDP per capita Real GDP per capita 100=01/01/07 110 105 100 US Germany 95 Italy 90 85 2007 2008 2009 2010 2011 2012 2013 2014 Source : Datastream 11/2014 | P.5 P.5

  6. Bank credit to the nonfinancial corporate sector Bank credit to NFC % yoy 25% 20% 15% 10% US 5% 0% Eurozone -5% -10% -15% -20% -25% Q1 2007 Q1 2010 Q1 2013 Source : BdF, Datastream 11/2014 | P.6 P.6

  7. Total debt of the nonfinancial corporate sector Total debt to NFC % yoy 14% 12% 10% 8% US 6% Eurozone 4% 2% 0% -2% -4% Q1 2007 Q1 2010 Q1 2013 Source : BdF, Datastream 11/2014 | P.7 P.7

  8. Nominal GDP growth and 10y bond yield USA % 10 8 6 4 2 0 -2 -4 1999 2003 2007 2011 Nominal GDP (yoy) 10y Bond yield PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.8

  9. Nominal GDP growth and 10y bond yield UK % 8 6 4 2 0 -2 -4 -6 1999 2003 2007 2011 Nominal GDP (yoy) 10y Bond yield PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.9

  10. Nominal GDP growth and 10y bond yield Japan 6 4 2 0 -2 -4 -6 -8 -10 1999 2003 2007 2011 Nominal GDP (yoy) 10y Bond yield PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.10

  11. Nominal GDP growth and 10y bond yield Euro Zone % 8 6 4 2 0 -2 -4 -6 1999 2003 2007 2011 Nominal GDP (yoy) 10y Bond yield PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.11

  12. Nominal GDP growth and 10y bond yield Italy % 8 6 4 2 0 -2 -4 -6 1999 2003 2007 2011 Nominal GDP (yoy) 10y Bond yield PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.12

  13. Nominal GDP growth and 10y bond yield France % 8 6 4 2 0 -2 -4 1999 2003 2007 2011 Nominal GDP (yoy) 10y Bond yield PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.13

  14. Nominal GDP growth and 10y bond yield Germany % 8 6 4 2 0 -2 -4 -6 -8 1999 2003 2007 2011 Nominal GDP (yoy) 10y Bond yield PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.14

  15. Real GDP growth Real GDP growth BD 2 SD UK US SW OE DK FN PO BG JP SX 0 -1,5 -1 -0,5 0 0,5 1 1,5 2 2,5 3 3,5 NL CZ FR -2 IT IR -4 ES -6 PT -8 Average over period Q1.10-Q2.14 -10 PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.15

  16. Central bank balance sheet PANORAMA MACRO-BANCAIRE 10/2014 (dernières données 08/2014) | P.16

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