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Cheptea, A.; Fontagné, L.; Zignago, S. - Banque de France - 2012

Competitiveness has come to the forefront of the policy debate within the European Union, focusing on price … competitiveness and intra-EU imbalances. But how to measure properly competitiveness, beyond price or cost competitiveness, remains an …. Revisiting the competitiveness issue in such perspective sheds new light on the ongoing debate. From 1995 to 2009 the EU-27 …

Persistent link: https://www.econbiz.de/10010565833

Le partage primaire du revenu: constat descriptif sur une longue periode.

Cette, G.; Mahfouz, S. - Banque de France - 1995

Persistent link: https://www.econbiz.de/10005781195

Pitfalls in Investment Euler Equations.

Chatelain, J.-B.; Teurlai, J.-C. - Banque de France - 2001

This paper investigates three pitfalls concerning the test of the Euler equation facing quadratic adjustment costs and perfect capital markets on a large balanced panel data of 4025 french firms. First, the quadratic parameterization of adjustment costs is too restrictive, and power series...

Persistent link: https://www.econbiz.de/10005487054

Pitfalls in Investment Euler Equations.

Chatelain, J.-B.; Teurlai, J.-C. - Banque de France - 2001

Persistent link: https://www.econbiz.de/10005036200

Investment, the Cost of Capital and Monetary Policy in the Nineties in France: A Panel Data Investigation.

Chatelain, J-B.; Tiomo, A. - Banque de France - 2002

Using a large panel of about 6,946 French manufacturing firms, this paper investigates the effect of monetary policy from 1990 to 1999 on investment through the cost of capital and the cash-flow channels. We compare several specifications of the neo-classical demand for capital, taking into...

Persistent link: https://www.econbiz.de/10005056500

Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area.Author-Name: Ehrmann, M.

Gambacorta, L.; Martínez-Pagés, J.; Sevestre, P.; … - Banque de France - 2002

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

Persistent link: https://www.econbiz.de/10005056514

Bank leverage shocks and the macroeconomy: a new look in a data-rich environment.

Mésonnier, J-S.; Stevanovic, D. - Banque de France - 2012

The recent crisis has revealed the potentially dramatic consequences of allowing the build-up of an overstretched leverage of the financial system, and prompted proposals by bank supervisors to significantly tighten bank capital requirements as part of the new Basel 3 regulations. Although these...

Persistent link: https://www.econbiz.de/10010816017

Financial Constraints and Foreign Market Entries or Exits: Firm-Level Evidence from France

Askenazy, Ph.; Caldera, A.; Gaulier, G.; Irac, D. - Banque de France - 2011

This paper studies the effect of credit constraints on the expansion and survival of firms in foreign markets. It develops a model in which, lower access to external finance, or reduced internal liquidity, hampers the firm ability to finance the recurrent costs to serve foreign markets and...

Persistent link: https://www.econbiz.de/10009019290

Protectionist Responses to the Crisis: Global Trends and Implications

Bussière, M.; Pérez-Barreiro, E.; Straub, R.; Taglioni, D. - Banque de France - 2011

international competitiveness, which would further affect the potential for longer-term real GDP growth. …

Persistent link: https://www.econbiz.de/10008854102

Plus grandes, plus fortes, plus loin… Les performances des firmes exportatrices françaises

Crozet, M.; Méjean, I.; Zignago, S. - Banque de France - 2010

This article examines the performances of French exporting firms. Using a highly detailed database, we confirm that exporting firms are much bigger, more productive and more profitable than domestic ones. This difference is particularly strong for firms exporting to non-EU markets, and for small...

Persistent link: https://www.econbiz.de/10008765721