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.

BFM Business, The Experts – Social VAT, Unified Social Allowance with Victor Lequillerier
Victor Lequillerier, President and economist at BSI Economics, appeared on May 25, 2026, on *Les Experts*, Raphaël Legendre’s show on BFM Business. Alongside Olivier Redoulès

Killer Chart: Why is gold increasing in global reserves?
This brief note aims to decipher a striking chart related to current economic events. At a time when gold is rapidly increasing in importance in global reserves, this Killer Chart examines this phenomenon and the increasingly widespread misconception that links this surge in gold to a loss of confidence in the US dollar (USD). Download
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 at the center of a rate corridor, close to the main refinancing operations rate (REFI rate). The massive injections of liquidity implemented since 2008 have profoundly changed this framework, leading

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

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

Rethinking the tax system based on efficiency criteria: a comparison between France and Switzerland (Front Economique)
Launched in October 2024 on the initiative of Medef, the Economic Front brings together economists, academics, business leaders, and think

The Zucman Tax: Opportunities, Fantasies, and Alternatives (Part 2)
Abstract : By addressing the issue of growing wealth inequality, the Zucman tax seeks to establish greater fiscal equity. This tax

The Zucman Tax: Opportunities, Fantasies, and Alternatives (Part 1)
Abstract : : By addressing the issue of growing wealth inequality, the Zucman tax seeks to establish greater fiscal equity. This
