[eng] How to limit the negative effects of insider labor markets ?. . Wage formation with insiders'labor markets is such that unemployed are not hired again when the economy recovers. We analyse the effects on this perverse dynamics of wages and employment of the implementation of a centralized...

[eng] Mimetism : a simple theoretical model and an application to the term structure of interest rates. . Unsufficient information, or the way markets are organized, the way the different participants interreact when they choose their positions, can lead to a mimetic behaviour, with a too high...

[fre] Dépenses publiques, progrès technique et croissance. . Nous examinons le lien entre dépenses publiques et croissance d'un double point de vue : théorique et empirique. Nous développons tout d'abord deux modèles théoriques qui exhibent la possibilité qu'un surcroît de dépenses...

In the COVID-19 pandemic, governments have, among other measures, mandated the use of COVID certificates to prove vaccination, recovery or a recent negative test, and have required individuals to show certificates to access shops, restaurants, and education or workplaces. While arguments for and...

Contents: 1. Das Deutsch-Französische Wirtschaftspolitische Forum...1 -- 2. Opening Address, Dominique Strauss-Kahn...2 -- 3. Does EMU Need an Employment Pact? - Klaus-Werner Schatz, Institute of World Economics, Kiel...3 -- 4. Is the Stability Pact an Efficient Agreement? - Patrick Artus,...

The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...

The paper first compares the monetary and exchange-rate policies conducted in the CEECs and by one of the neighbouring countries of the United States (Mexico). It is shown that Mexico has implemented reasonably expansionary policies, boosting production while avoiding financial imbalances and...