Cette publication n'a pas de résumé

Cette publication n'a pas de résumé

Cette publication n'a pas de résumé

Paul Samuelson's (1958) overlapping generations model has turned 50. Seldom has so simple a model been so influential. The paper, in spite of its ripe age, still elicits wonder. Starting from the uncontroversial observation that “we live in a world where new generations are always coming...

Cette publication n'a pas de résumé

Cette publication n'a pas de résumé

Using data on the geographic distribution of names in France, we investigate the social transmission of parental preferences. Drawing on recent work on nonmarket interactions, we develop a linear discrete choice model that relates choices made in one location to those made in nearby areas. We...

Cette publication n'a pas de résumé

This study is concerned with the future financing of the EU budget, including possible budgetary correction mechanisms, and is intended to feed into the budget review. The revenue side of the EU budget comprises several elements, all of which need to be assessed in appraising the functioning of...

Both the action and the communication strategy of the ECB rely on the assumption, explicitly stated, that inflation is always a monetary phenomenon, and that the interest rate instrument should be devoted exclusively to dealing with inflation pressures. According to this prior, the ECB...