- Biden agenda: tackling income inequality and its potential inflation impact
Biden agenda: tackling income inequality and its potential inflation impact
Friday 18 June 2021
Research / Market
The election of President Joe Biden has led to a turn in US government policy. This paper explores income and wealth inequality in the United States and President Biden’s policies aimed at addressing this issue, including his proposal of a corporate tax hike. We assess the likelihood of long-term success and, finally, the potential inflationary consequences. We believe the Fed’s accommodative policies may have had unintended consequences of increasing wealth inequality, especially the top 1%. The rise in income and wealth inequality is not as obvious as it seems, but quite nuanced...
Amundi Pension Funds Letter n°12
The coming of summer has also seen the return of extreme heatwaves, catastrophic flooding and devastating forest fires. The arrival of the COP26 could not be more timely given the need for a universal response to the climate crisis. Pension funds as major global asset owners have a key role to play in this response.
ECB QE Monitor - July 2021
The Eurosystem started its QE in March 2015.
European equities: look for the winners to play the reflation trade, value revenge, and ESG disruption
Today, all eyes are on Europe. While the strongest national European football teams are animating a great competition, which is also signalling a sort of return to normality for Europeans, investors’ appetite for European equities is back and for good reason.