[eng] Tax competition and local government cooperation Thierry Madiès, This paper starts with a survey of major results concerning the effects of tax competition on the supply of local public goods and equilibrium tax rates. We then raise the issue of tax cooperation amongst local governments...

[eng] The transmission of monetary policy and exchange rate regime : a France - United States - Germany comparison Catherine Bruno In this paper, we determine the impact of a monetary shock on output, interest rate, price level and real balances in France, Germany and the United States. As the...

[eng] Current macroeconomic prospects for the French economy are gloomy. The 1993 slump was followed by a short and moderate upturn. As soon as in 1996, the growth rate of the economy was lower than 2 %. Considering the five coming years, it looks unlikely that, without any external stimulus,...

[eng] Competition, as both a brake and an engine of investments OFCE For the past year, the main engine of the european upturn has been the improved exchange rate and liquidity background. European exports are regaining market shares, especially in the case of Germany. The investment plans of...

[fre] Cette chronique couvre quatre domaines : • Le mouvement d'égalisation des revenus des ménages a marqué les années 1965- 1979 et a contribué à la prépondérance de la classe moyenne durant ces années. Depuis, différentes enquêtes permettent de constater que l'échelle des...