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.
Switzerland: The Franc as a Tool for Absorbing Inflationary Shocks (Policy Brief)
The real shift in monetary policy is the end of a one-size-fits-all response to inflation. Between 2021 and 2023, average inflation in advanced economies
Does Europe Still Have a Card to Play in Regaining Control Over Its Payment System? (Op-Ed)
Read the opinion piece by Victor Lequillerier, President and economist at BSI Economics, published in *Magazine des Professions Financières & de l’Economie*. The economist
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
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
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
The return of securitization in Europe – Part 2 (Note)
Abstract : : A previous article showed how the STS (Simple, Transparent, Standardized) framework has made securitization safer since 2008. Despite this, the European market