Economics & Finance

Benoist Lombard: “We don’t provide the same advice to an heir as we do to an entrepreneur”

Wealth management by the Deputy CEO of the Crystal Group

Wealth management is not about numbers—it’s about people. That’s the message from Benoist Lombard, Deputy CEO of the Crystal Group and Chairman of Maison Laplace. To practice it is to embrace society in all its complexity, and to remain agile…

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To clear up a common misconception: shareholders do not get rich off dividends

In the midst of the COVID-19 crisis, dividends are the source of many debates and disagreements. On 24 March, the French Minister of the Economy and Finance, Bruno Le Maire, urged French companies to exercise the utmost restraint in paying dividends in 2020 and stated that companies in which the State is a shareholder would be asked not to pay dividends.

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Does the Great Recession imply the end of the Great Moderation? International evidence

Evolution in macroeconomic volatility Time-varying uncertainty about macroeconomic conditions, generally measured by the variance of its GDP growth (what we will call here macroeconomic volatility) has been shown to be harmful for economic activity in many countries. The main reason…

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