[eng] The rise in long term real interest rate is often ascribed to rising public deficits. This political conventional wisdom is supported by numerous empirical evidences. It is also in line with the theories according to which real interest rates are determined by equating saving to...

[fre] Dans cette chronique quatre questions sont posées : • Le rapport entre chômage et mobilité sociale : quelle est aujourd'hui l'influence de l'origine sociale et du diplôme sur la probabilité de chômage ? • L'accès au statut « cadre » n'a pas été uniforme à travers les...

[eng] Since 1973, the industrialized countries growth has seriously slown down. In some countries (the United States, Japan), the unemployment rate has not been hited. On the contrary, unemployment has continuously increased in nearly every european countries. Consequently, what part of the...

[eng] In each country, there exists an equilibrium rate of unemployment, determined by wage bargaining features and labour market functioning, below which the rate of inflation accelerates. Two alternative approaches have been developed to define and to evaluate this equilibrium rate. According...

[eng] The American model : a successful but unfinished transition Hélène Baudchon At the mid-year of 1997, the dynamism of the American economy remains very strong. After a slow take-off, the current business cycle seems to go on and on, benefiting from the growth of domestic demand, strong...

[eng] The identification and the analysis of cycles improve the understanding of the international economic history. They allow to enlighten its timing and its critical moments. These moments are favourable to changes of international relations and their result can influence the world growth...

[eng] A window is being opened to free Europeans countries from the pitfall of deflation, in case of suitable economic policies. The recent recovery of the dollar should not be viewed as a speculative move, being prone to a prompt reversal. It is probably more due to favourable expectations of...

[eng] Over the last twenty years, youth unemployment has become a major issue of the French labour market situation. It explains the increasing public intervention in the labour market targeted to the youths. This article tries to shed some light on two main aspects of the youth labour market...