William De Vijlder

Group Chief Economist BNP Paribas

Interview on CNBC: Increasingly the focus is on what comes after QE

Read more
Subscribe to our mailing list

Eurozone: how good can it get?

The eurozone is doing better. In fourth-quarter 2016, there was a real acceleration in both the manufacturing and services sectors. And according to European Commission data, both household confidence and business sentiment have improved strongly since mid-2016.

Read more
 

Changing phases

Fiscal stimulus to an American economy at full employment is likely to trigger a tightening of financial and monetary conditions which in turn could affect growth prospects and investors’ appetite for risk. The route therefore looks well defined. It reflects a monetary policy which will gradually become more restrictive and will end up holding down growth.

Read more
 

The IMF brings good news and…other news

The new World Economic Outlook of the IMF paints a rather positive short term outlook but medium term risks have risen. A more coordinated policy approach is needed to address these challenges. Find more in the EcoTV Week video.

Read more
 

New monetary season

For the financial markets, summer’s end is often the occasion for deep-felt upheavals. This summer, investors left on vacation filled with trepidation about the economic impact of Brexit, about robust job creations in the US and how they might change monetary policy prospects, and about the outcome of European banks’ stress tests.

Read more
 

Higher oil prices: good news or bad?

On 20 January, Brent crude oil was trading at USD27.88 a barrel (EUR25.52), the lowest price this year. Prices recently rebounded to USD50 (EUR44.70). Without trying to forecast future oil pricing trends – which, as shown by the experience of 2015, are even more difficult to predict than other economic variables – it is worthwhile to consider the consequences of higher prices

Read more
 

Monetary boomerang

In most countries, central bank independence from government is taken for granted. Yet, the autonomy, i.e. the ability to do whatever a central bank considers necessary within its mandate, is sometimes surprisingly limited, albeit for other reasons.

Read more
 

Meetings at the summit

In the Eurozone, China and the UK, purchasing manager indexes for the manufacturing sector declined in February. In the United States, in contrast, the manufacturing ISM rose but still held below 50, the level separating industrial expansion from contraction.

Read more
 

How to make the most of economic forecasts

Comparing previous forecasts with actual results can be a source of frustration. This was certainly the case concerning oil prices in 2015. For users of these predictions, enormous spread underscores the importance of understanding the forecasters’ level of confidence.

Read more
 

An economist’s playlist

It’s the time of the year for producing lists: the best films of 2015, the best books, the best songs, etc. It is a source of nostalgia and inspiration: For an economist it is tempting indeed to look for links between modern music and economic topics.

Read more
 
William De Vijlder

About William De Vijlder

Group Chief Economist BNP Paribas
Read more
Menu