[eng] Contractionary budgetary policy is not the traditional government response to rising unemployment but it seems now to have become a common one for OECD governments irrespective of their political complexion. This changed attitude seems traceable to the almost universal growth in government...

[eng] European economies have been diversely hit by the shocks of the past ten years owing to structural differences. Initial reactions resulted in a great variety of economic policies. More recently, external constraints have induced adjustment policies in all countries. The process is unevenly...

[eng] The following is a synthesis paper presenting the structure and the equations of the « OFCE-Annual » Model : it includes simulated performances for past periods, as well as quatitative illustrations of the conclusions that it provides in matters of political economy. [fre] Présentation...

[eng] Since the beginning of the 1970's, the US financial system has evolved deeply. New financial techniques have been introduced, and new financial instruments have been offered to savers by the financial intermediaries and on the capital markets. This article intends to describe the most...

[eng] The forecast results fall into three categories : —those concerning the world economy : the evolutions expected in the USA, Germany, UK and Italy and also in world demand ; —the short-term outlook for France, as determined by the econometric model « OFCE-Annual » along with graphs...

[eng] Since 1974 almost all western economies have had large public sector deficits, France's being one of the smaller. Are these deficits due to an uncontrolled growth in public spending ? Are they the automatic result of the decline in the level of economic activity ? Or are they just the...

[eng] The rescheduling of external debt, which has marked 1983, has imposed greater restraint on many LDCs, thus reducing their imports. The consequent fall in world demand could be partly offset by the recovery in US imports, the impact of the federal budget being reinforced in the short term...

[eng] It may be found surprising that the principles underlying French and, for that matter, EEC agricultural policy, conceived during the period of the post-war expansion have hardly been modified despite the profound changes that have taken place since then. In the socio-economic structure for...

[eng] The complexity of the relationship between reliance on foreign trade and the growth of national product is clearly evident from the last century and a half's experience in France, the United Kingdom, the United States and that of other European countries in the last three decades....

[eng] That oil production should currently be concentrated in the least cost-effective areas is a paradox which reveals the fragility of OPEC's price monopoly. The explanation lies in poorer prospects for growth, the emergence of new producers and the financial difficulties of some members of...