In early 2013, the French economy, like many other EU economies, faces tough challenges. French GDP is 9 per cent below the level it would have reached had it continued to grow at its pre-crisis trend. France has committed to cut the public deficit to 3 per cent in 2013 and 0 per cent in 2017...

Since the launch of the euro, persistent and even rising disparities among member states have made it difficult to implement short-term or structural common economic policies. The article gives an overview of Euro area disparities in terms of growth and inflation and imbalances, mainly...

[fre] La détermination des taux de change dans les modèles multinationaux : l'état de l'art, . par Agnès Bénassy, Henri Sterdyniak.. . Cet article analyse les différents modèles théoriques de détermination du taux de change et présente ceux qui sont retenus dans les modèles...

[eng] A Robust Equivalence, . by Henri Sterdyniak.. . A substitution of tax on consumption to tax on wages is often proposed. This papers argues that these two types of taxes must be considered as equivalent, on the long or on the short term. [spa] Una sólida equivalencia, . por Henri...

The public finances crisis has brought binding fiscal rules proposals back to the forefront. The paper analyses their justifications and specifications, either in a classical or in a Keynesian framework. There is no evidence that public deficits were caused by fiscal indiscipline in recent years...