For two decades, the share of trade in inputs, also called vertical trade, has been dramatically increasing. In reallocating trade flows to their original input-producing industries and countries, this paper suggests a new measure of international trade: `value-added trade' and makes it possible...

This paper aims at investigating first, the (possibly time-varying) empirical relationship between price and financial stability, and second, the effects of some macro and policy variables on this relationship in the United States and the Eurozone. Three empirical methods are used to examine the...

[fre] Les critères de Maastricht renforcés par le Pacte de stabilité ont notamment pour objectif de favoriser la convergence des politiques budgétaires européennes. Néanmoins, ces contraintes ne constituent sans doute pas une condition suffisante dans la mesure où les critères ne portent...