This introduction presents a selection of articles dealing with the issue of measuring the fiscal and financial vulnerabilities in the advanced economies. These articles were presented at a conference organized jointly by the Banque de France and BETA in Strasbourg on 13--14 September. The...

[spa] Veinte años de previsiones macroeconómicas : un anlisis a partir de datos Franceses, . por Didier Borowski, Carine Bouthevillain, Catherine Doz, Pierre Malgrange y Pierre Morin.. . En el presente artículo se examina el grado de precisión que han alcanzado las previsiones...

[eng] The Cycles of the Leading Industrialized Countries Similar Growth but Out-of-Phase Zones . The ten leading industrialized countries' growth trends - short-run fluctuations aside - have been becoming more similar ever since the first oil shock. In the early 1990s, they converged at around...

[eng] In Europe the institutions and the functioning of labour markets vary greatly from one country to one other. Moreover, many empirical studies emphasised the heterogeneity of national labour demand and wage behaviours. However, the macroeconomic impact of these differences still has to be...

[eng] Although inventories are often neglected in macro-economic analysis, they highly contribute to the volatility of growth fluctuations. They are also a major source of forecasting errors. Consequently, it is strongly interesting to understand the behaviour of this variable. We first present...

[eng] France growth anyway Forecast for 1998-1999 Division Economie Française Two opposite forces are working on the French economy. On one side, internal demand is highly dynamic. Strong employment boosts households consumption and private investment follows. Up to date data clearly confirms...