Les gouvernements sont régulièrement soumis à deux exigences difficiles à concilier : d’un côté, redresser les finances publiques, de l’autre, réduire le taux de prélèvements obligatoires. Depuis une trentaine d’années, celui-ci a fortement progressé, le solde public a toujours...

The long wave of globalization will most probably lose part of its strength in the next few years. As a consequence inflation will not remain as low as it has been for the past three decades, where the growth strategy of emerging countries, especially China, has mainly relied on exports to the...

The two recent macroeconomic shocks that hit the world economy - the surge of oil and food prices and the subprime crisis – have revived the attention of policy makers and economists on the consequences of shocks, symmetric and asymmetric, and on the appropriateness of the EMU institutional...

The current crisis is testing the capacity of policy makers to give adequate answers to the possibility of a major financial meltdown. The crisis began in the subprime sector, a relatively small segment of the mortgage industry. It is thanks to an insufficiently regulated system of financial...

The paper analyses the relationship between trade, financial integration and business cycle synchronization in the euro area. The introduction of the euro has had a noticeable impact on European financial markets. Evidence that capital market integration exerts a positive effect on output...

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Cette publication n'a pas de résumé

Cette publication n'a pas de résumé

Cette publication n'a pas de résumé