[eng] Since 1980 the direct investments of the United States in western developed countries have fluctuated considerably. The large disinvestment of the early eighties in Europe and Canada has been recently followed by substantial reinvestments. This paper introduces a theoretical explanation of...

[eng] In recent years, both the number and the size of mergers and takeovers have risen considerably in European countries. What are their objectives ? What are their effects on the firms themselves, on growth and on employment ? This paper attempts to answer such questions, to the best of our...

[eng] This paper analyses the causes of unemployment, in the long and in the short-run, in France and the United-States. Our empirical strategy consists of testing for short-run causality and for cointegration. The cointegration analysis seeks to establish whether there exists a common long-run...

[eng] European monetary union has again been the subject of debate in recent months. The supporters are mainly French, the reasons being that France wishes, on the one hand, to assert its will to manage a strong national currency and, on the other hand, to limit the monetary leadership of West...

[eng] The recovery of économie activity in OECD countries, which started in the spring of 1987, continued through the second half of 1988. It was boosted by the international trade of manufactured goods, which has been growing at an annual rate of 11 % since mid-1987 (in volume terms). Thèse...

[eng] This article reviews the principle results of an inquiry on home communications, conducted in 1987 for France-Télécom. It concerns financial budgets and household schedules for different communication activities : reading, the press, telephone, radio, television, records, videorecorder,...

[eng] By mid-1986, the buoyant recovery following the 1982 recession had slowed down, marking the end of the cycle. Most economic indicators had been flat for two years. Then growth rebounded. But the persistant imbalances called for policy restrictions, especially budgetary ones, which...

[eng] A european currency would increase the mobility of the factors of production between the countries involved. It would also offset the power of the dollar and the yen. It is, therefore, desirable. The ecu must not be just another currency being used at the same time as national currencies,...

[eng] New indicators of effective exchange rates were published in the November issue of the OFCE monthly newsletter; this will be continued on a regular basis. The purpose of this note is to state the methods used to build these indicators and to present a selection of the series calculated and...

[eng] A surplus had appeared in 1897 in the external trade of US manufactured goods. Exports continued to increase faster than imports up to the end of World War II, after which the reversal of this trend led to a deficit in 1972. During the 70s the deficit was contained by the depreciation of...