[eng] Occurring at a time when the efforts, made necessary by the prolonged recession, to keep expenditures down and to increase some categories of receipts were materializing, economic recovery in the US led to substantial budget surpluses for the State and local public sector in 1983 and 1984....

[eng] The relative success of anti-inflationary policies and the excessive attention to short-term tend to conceal the trend evolutions of developed economies. Political consensus in favour of restoring the so-called « major (financial ?) equilibria » suppresses any discussion of the causes of...

[eng] As OPEC surpluses might have been volatile, their recycling was initiallly considered as difficult. But 40 % of these funds were invested in industrialised countries, predominantly in the United States (half of this subtotal). An equal amount was turned to short-term bank deposits which...

[fre] Si le cours du dollar sur les marchés des changes venait à baisser de 20 % et si les taux d'intérêt pouvaient, grâce à cela, diminuer de 5 points en Europe, les conséquences en seraient bénéfiques pour l'économie française. Des calculs économétriques permettent de mesurer...