Budget and Finance
Budgeting and taxation are key instruments for implementing government policies. Budgeting and taxation are key tools for regulating economic conditions. In fact, they are often at the heart of debates, both in periods of growth and crisis. All the analyses of our contributing economists can be found below.
How the ECB implements its monetary policy: yesterday, today, and tomorrow (Note)
Summary: For a long time, the European Central Bank’s (ECB) monetary policy was based on steering the overnight interbank market rate (EONIA), which was kept

BFM Business – Anthony Morlet Lavidalie on the macroeconomic situation in France (Interview).
Appearance by Anthony Morlet Lavidalie, Secretary General of BSI Economics, on the Good Morning Market program on BFM Business on October 17, 2025. Interviewed by journalist Etienne Brach, he discussed the macroeconomic situation in France. Click here to read the article.

El Pais – Victor Lequillerier and Anthony Morlet Lavidalie on France’s economic situation (Interview).
Double quote from BSI Economics economists Victor Lequillerier and Anthony Morlet Lavidalie in an article by journalist Raquel Villaécija in the Spanish media outlet El Pais on October 18, 2025. In this report on France’s economic situation, the two economists focus specifically on budgetary difficulties and the government’s room for maneuver in attempting to restore

Le Monde – The Fed’s independence and credibility under threat more than ever (Opinion piece)
Victor Lequillerier, economist and President of BSI Economics, wrote an opinion piece in Le Monde on the challenges surrounding threats

Killer Chart: French debt in investors’ sights
This note proposes to decipher a striking chart related to current economic events. This Killer Chart highlights the unfavorable trend

The New European Consensus and France’s setback – Economic Front (Opinion piece)
BSI Economics participated in discussions held by the Economic Front, an initiative launched in October 2024 by MEDEF (Mouvement des

Les Echos – The ECB retains leverage despite pausing rate cuts (Opinion piece)
Hervé Amourda, head of research at Finance Pro Btp and member of the strategic committee at BSI Economics, and economist

Killer Chart: warning about the structure of public debt in the United States
This short note aims to decipher a striking chart related to current economic events. At a time when Moody’s is
