Amundi Asset Management

2018 Top 400 ranking: 9http://www.amundi.com

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Amundi

Is Inflation Definitely Dead Or Simply Dormant? Consequences For Central Banks

Inflation never disappears completely. In history, there have been periods when it was dormant, but revivals have always been painful. What is striking at present is the inability of some countries to boost inflation despite low rates, liquidity injection programs… The BoJ and the ECB have made the bet (losing for the moment) that a ultra-accommodative monetary policy would quickly translate into a rise in inflation rates, while the Fed has opted for a “friendly” normalization of its monetary policy, helped in this, it must be said, by a fiscal and tax policy that has never been as pro-cyclical as in recent years (the Trump years). 

Why is it important to question the end of inflation? First of all, because there are no more inflation expectations and a rise - even a small one - is likely to have significant impacts on the financial markets and economies, and second, because it also affects very directly the objectives, instruments and prospects of central banks and governments.

Read the complete white paper at the link beneath Related Files

Head Office
90, boulevard Pasteur
Paris
75015
France
Company website:
http://www.amundi.com
Year Founded:
2010
No. of investment offices worldwide:
6

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  • Environmental Social And Governance Proposals And Shareholder Activism

    Environmental Social And Governance Proposals And Shareholder Activism

    White papersFri, 10 May 2019

    This chapter studies shareholder activism through environmental, social and governance (ESG) proposals between 1996 and 2015 filed by social responsible funds (“SRI”).

  • Asset Class Return Forecasts - Q2 - 2019

    Asset Class Return Forecasts - Q2 - 2019

    White papersFri, 10 May 2019

    This document includes the perspective of Amundi on asset returns used to build reference portfolios for our institutional clients. A publication issued annually in February covers the major macro and financial foundations of our views, while this one provides a quarterly update of our medium and long-term expected returns by asset class. 

  • European Equities: What Impacts In The Event Of A Tariff War With The United States?

    European Equities: What Impacts In The Event Of A Tariff War With The United States?

    White papersFri, 3 May 2019

    While the threat of a large-scale Sino-US tariff war appears to be receding, the US could now switch its focus to its trade deficits with the European Union. With this in mind, we wanted to find out which European equities, in terms of country, sector or individual companies, would be hardest hit by a trade conflict.

  • Cross Asset Investment Strategy - May 2019

    Cross Asset Investment Strategy - May 2019

    White papersThu, 2 May 2019

    Equity markets have remained buoyant in recent weeks: the S&P 500 is trending towards an all-time high, the European equity market (STOXX 600) is close to last year’s peak and the performances of emerging markets have also been very strong.

  • Who Will Lead The World Economy?

    Who Will Lead The World Economy?

    White papersThu, 2 May 2019

    When we talk about leadership, we also talk about rivalry… and 2018 was undoubtedly a particularly emblematic year of rivalry, especially between the United States and China, and to some extent, between the United States and Europe.

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