The psychology of a recession, Episode 3 - The stylised facts of a recession (considerable drop in equity prices, widening of the spread between corporate and government bonds) imply that during a slowdown, investors will focus their attention on the likelihood of entering a recession. The sensitivity to bad news increases, the investment horizon shortens and volatility rises, with a detrimental impact on growth. Hosted on Ausha. See ausha.co/privacy-policy for more information.

The psychology of a recession, Episode 2 - Slower growth will raise the concern of households that unemployment will increase. Greater caution means less spending. Companies will scale back investments because they represent a long horizon commitment which moreover is irreversible. Banks will also become more cautious in extending credit, being concerned that the balance sheet quality of customer will suffer from a period of negative growth. Hosted on Ausha. See ausha.co/privacy-policy for more information.

The psychology of a recession, Episode 1 - A significant growth slowdown triggers anxiety that worse is to come. Households and companies hate uncertainty, confidence drops and a negative spiral develops. Although central banks may adopt a more dovish tone, the minds will still be dominated by a feeling that growth is missing. Hosted on Ausha. See ausha.co/privacy-policy for more information.

Third and last episode of the series dedicated to Globalization. In past episodes its limits were mentionned, but what's new for the future of globalization? William De Vijlder discusses three levels of globalization sustainability: inclusion, environment, financial stability – major challenges for economic policy. Interview conducted with François Doux. Hosted on Ausha. See ausha.co/privacy-policy for more information.

Second episode of the bseries of three dedicated to Globalization. William De Vijlder analyses the transition from multilateralism to bilateralism, in the USA-China relations in particular. What are the consequences of growing bilateralism and uncertainty for trade, capital flows? Interview conducted with François Doux. Hosted on Ausha. See ausha.co/privacy-policy for more information.

First episode of three dedicated to Globalization. What made globalization possible? In this first episode, William De Vijlder, the chief economist of BNP Paribas, distinguishes four drivers of globalization and discusses its limits. Interview conducted with François Doux. Hosted on Ausha. See ausha.co/privacy-policy for more information.

Last episode of the series of three podcasts devoted to green finance. Responsible finance gives sense to our investments. How to influence stakeholders (households, businesses, markets finances, public authorities) and adapt our behaviour? William De Vijlder reviews possible solutions and recommends a proactive approach in which everyone integrates the reality of climate change into their decisions, including with respect to financial investments. Interview conducted with François Doux. Hosted on Ausha. See ausha.co/privacy-policy for more information.

Second episode of the series of three dedicated to Green finance. Green finance is a vehicle for financing the investments needed for sustainable economic development. Is climate change an opportunity or a risk for growth? In this episode, William De Vijlder, discusses three scenarios and talks about the ambitions of economic policy that begins to take into account growth objectives respectful of the environment. Interview conducted with François Doux. Hosted on Ausha. See ausha.co/privacy-policy for more information.

First episode of three dedicated to Green Finance. Since the end of the 70's, we have been talking about the climatic consequences of economic development. How does finance respond to the needs of a more sustainable development? In this first episode, William De Vijlder, the chief economist of BNP Paribas, reviews the definition, origins and perspectives of green finance. Interview conducted with François Doux. Hosted on Ausha. See ausha.co/privacy-policy for more information.

Last episode of three dedicated to the tenth anniversary of the 2008 crisis and the Great Recession. Considering that the US business cycle is well advanced, time has come to assess which recipes central bankers will use to address the next downturn? William De Vijlder expects a creative approach will be adopted. Hosted on Ausha. See ausha.co/privacy-policy for more information.