The careers service is honored to receive the French Governor of the Banque de France François Villeroy de Galhau on December 8th, 2022 at 5:00 PM who will present a lecture on "The magnitude of consequences of the energy prices and terms of trade shock, in the euro area and in France".
The terms of trade shock, comes from the sharp energy price increases while most European countries are energy net importers. It emerged during the post-Covid recovery and was amplified by the war in Ukraine, it amounts to more than 2% of GDP in 2022 for European economies. Beyond the magnitude of this shock, we analyse the consequences of this shock in the case of France. The final distribution of the terms of trade shock depends on many factors, not only the fiscal support but also the degree and timing of pass-through to producer prices and wages. But ultimately, households and businesses have to share the burden.
These talks aim to develop the economic culture of students and to learn more about case studies.
Event dedicated to TSE community and students from L3 to PhD students
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