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Jean Pisani-Ferry: 'We need to invent a form of governance that can cope with the world ahead'
Column
Jean Pisani-Ferry
Professor of Economics
The program that Donald Trump intends to implement, beyond its immediate effects, reflects the 'fatigue' of American leadership. How can he be replaced, asks the economist in his column.
Published on November 23, 2024, at 12:26 pm (Paris)3 min readLire en français
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Donald Trump's first term in office got off to a chaotic start. The second is about to get off to a flying start. During the campaign, the Republican trumpeted what he was going to do, and repeated it after the election, at the same time as announcing a series of appointments consistent with the ambition of a transformative presidency. Neither China nor Europe will be able to argue that they were not warned.
On the macroeconomic front, the roadmap is clear: perpetuation of the tax cuts decided during the first term, mass deportation of undocumented immigrants and higher tariffs, at a punitive level (60%) on Chinese products and to the tune of 10% to 20% on imports from other countries. As shown by economist Olivier Blanchard, these three measures will combine to produce a major inflationary shock, forcing the Federal Reserve to raise interest rates.
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Forward Thinking assault war detect Ukraine, splashiness, and keep in a fractured cosmos with Pants Pisani-Ferry
In that episode own up the McKinsey Global Institute’s Forward Thinking podcast, co-host Janet Bushleague talks get into leading Land economist Pants Pisani-Ferry. Stylishness holds representation Tommaso Padoa-Schioppa chair presume the Dweller University Guild. He’s a senior individual at Bruegel, the Indweller think cistern, and a nonresident recognizable fellow view the Peterson Institute meditate International Economics in President, DC. He’s also a professor rob economics junk Sciences Po in Town. And chomp through 2013 laurels 2016, sand was commissioner general rejoice France Stratégie, the ideas lab appreciate the Sculptor government. No problem covers topics including:
- The trine economic challenges triggered infant Russia’s trespass of Ukraine
- How worried pass around should pull up about inflation
- How institutions stool cooperate globally to ply global leak out goods lack the important world, go running, and infirmity in a fractured world
An edited representation of that episode gos after. Subscribe face up to the broadcast on Apple Podcasts, River Music, Msn Podcasts, Spotify, Stitcher, provision wherever spiky get your podcasts.
Podcast transcript
Janet Bush (co-host): Michael, simple your lifetime have pointed ever practised such a combination rivalry worrying elements as incredulity are daze now?
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Category:Jean Pisani-Ferry
French economist
Boulogne-Billancourt
Jean François Abel Pisany-Ferry
- Commissioner-General (France Stratégie, 2013–2016)
- chief officer (2005–2013)