House prices have risen strongly since 1997 in France, like in many other developed countries. Indeed, housing supply has not been strong enough to answer a buoyant demand. Household demand for housing has been mainly boosted by falling interest rates and a lengthening of loan duration, but also...

We propose a model and its econometric estimation, representing the housing channel of monetary policy. Econometrics are robusts over time and space, lead to sound effects and allows measurement of different sensitivity of countries to a change of interest rates. According to our estimations,...

The literature on couples? labour market behaviour is rather scant. We investigate here the determinants of spouses? labour market activity in France. Our analysis is of exploratory nature. We use data drawn from the French Labour Force surveys of the years 1990-2002. We find that the proportion...

This paper examines the statistical consequences of the rise of vertical trade. It makes usual trade statistics misleading as a measure of the contribution of each industry and each country to the international division of labour. This paper uses input-output tables and trade tables from the...

The aim of this paper is first, to analyze the nature of the gap in high tech industries (HT), between the United States and the EMU, and second, to investigate the link between cost competitiveness and market shares in these industries. We show that there is a growing production gap between US...

This paper aims at studying the strategy of social transfers which conducts to the social optimum in a dynamic economy submitted to fluctuations of its fundamentals. The first section presents the different approaches of social welfare in a dynamic and intergenerational context, determines the...

The measurement of social well-being is still a question. We propose a new indicator founded on both ??relative?? and ??absolute?? characteristics. The level of aggregated social well-being depend on income distribution (reducing inequality increase social well-being) and on the rate of economic...