'No, monetary policy is not to blame for France's problems'
- Posted on December 27, 2025
- By Le Monde
- 4 Views
'No, monetary policy is not to blame for France's problems'
OP-ED. Olivier Garnier, the chief economist at the Banque de France, argues in an op-ed for Le Monde that central banks have recently succeeded in taming inflation without triggering a recession or even a significant rise in unemployment, in contrast to previous economic shocks.
