Default on the public debt in Argentina in December 2001 has speed up concerns on how to reform the way of resolving sovereign debt crises. The current process of debt restructuring is too long, uncertain, with adverse effects on both debtor and creditors. During the last meeting of the IMFC,...

According to the report for the European Commission, « An Agenda for a Growing Europe Making the EU Economic System Deliver », low growth in European countries and conflicts between growth, stabilization and cohesion are due to the inability to implement institutions adapted to an innovation...

This article presents the poverty, inactivity and unemployment traps. Then it proposes an overview of uses of taxation in European countries in order to tackle them. It specifically focuses on tax credits. The « Prime pour l?'emploi », a refunded tax credit implemented in France in 2001, deals...

Even if the debate on globalization pits sceptics and enthusiasts against one another, they seem to agree at least on exposing the protectionism of developed countries. This is illustrated by a recent report by OXFAM on trade, the way some enthusiasts have reacted to it, and miscellaneous...

This paper provides a summary of the recent evolution of development aid. First, it studies the global size of aid and some quality indicators: the proportion of untied aid, multilateral aid and grants in aid. The paper also explores the new types of aid linked to the concept of ??world public...

The first and a half year of term of the new right-wing government in Italy translated neither into the « second economic miracle », announced during the campaign, nor into the reforming momentum impressed by the previous left-wing coalition. The policy-mix counting on keynesian revival of...

While Europe?'s level of productivity has almost converged to the United States?'one, its per-capita income has leveled off at about threequarters of America?'s. How could Europe be so productive yet so poor? The simple answer is that hours per person in Europe have fallen drastically in the...