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...

As most developed countries, France has gone over the last 20 years through a process of pension system reforms, mainly aiming at increasing the average retirement age, through increasing the required number of contribution years or through postponing legal (minimal and/or normal) ages. Public...

European indicators have been tailored to monitor the supposed free rider problem of European project and have concentrated on public finance stability at an aggregate level. A maturing Union should now turn towards two aspects of its sustainability. The first one is the internal stability and...