Reflating via public debt and liquidity:
is the cure worse than the complaint?

 

The Economic Symposium took place on 3-4 February 2010, and included an international range of guests who travelled to AXA HQ, Matignon in Paris to listen to a range of renowned speakers.

 

View the presentations and videos from the event below.

 

Welcome address

 

- Jean-Pierre Hellebuyck, Vice-Chairman, AXA IM

 

 Watch the video

 

 'What theory and history tell us'

 

Eric Chaney, Chief Economist, AXA Group

 

 Watch the video

  Download the presentation (PDF) 490Kb

 


 

Morning Session: Debt + money = inflation?

 

Keynote address: 'Already inflating the next bubble?'

Dr Sushil Wadhwani, CEO, Wadhwani Asset Management and former member of the Bank of England’s Monetary Policy Committee & Wolfgang Munchau, Financial Times

 

 Watch the video

 

 Download Dr Sushil Wadhwani's presentation (PDF) 378Kb

 

 Download Wolfgang Munchau's presentation (PDF) 108Kb

 

‘Inflation or Deflation, Choose your Camp’

 

Roundtable: Sushil WadhwaniWolfgang MunchauEric ChaneyTheodora Zemek (Head of Fixed Income, AXA IM), moderated by Edward Hadas (Breakingviews)

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Keynote speech; "Monetary policy has played a major role in the run-up to the financial crisis"

 

Jacques de Larosière, former managing director of the IMF, former Governor of the Bank of France and former president of the EBRD

 

 Watch the video 

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 Afternoon Session: Are there any genuine AAAs left out there? 

 

Keynote address: ‘The fiscal implications of ageing, not the crisis, are most urgent fiscal matter’

Prof. Francesco Giavazzi, MIT and Bocconi University & Arnaud Marès, Senior Vice President, Moody's

 

 Watch the video

 Download Francesco Giavazzi's presentation (PDF) 267Kb

 

 Download Arnaud Marès's presentation (PDF) 397Kb

 

'Sovereign credit, risks and opportunities'

 

Roundtable: Francesco GiavazziArnaud MarèsChristopher Iggo (AXA IM), Sebastian Paris-Horvitz (AXA IM), moderated by Eric Le Boucher (Enjeux- Les Echos)

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5:00 pm Concluding remarks

 

Dominique Carrel-Billiard, CEO, AXA IM

 

 Watch the video

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More information


> Download the Investment Acumen Special Issue about Economic Symposium

(PDF) 6066Kb 

 


> Download the overview of Economic Symposium (PDF) 1227Kb

 
Opens in a new window: Eric Chaney, Chief Economist of the AXA Group presents Economic Symposium findings: lessons taken from the crisis

> Eric Chaney, Chief Economist of the AXA Group presents Economic Symposium findings: lessons taken from the crisis(7'06) March 2010.