Showing 1 - 10 of 1,359
, by analyzing the comovements of real interest rates. The paper uses cointegration and error correction models and draws … inferences on the degree of capital market integration by looking at the speed of adjustment of real interest rates following a … shock. The results show that there has been an increase in capital market integration with both U.S. and Japan during the …
Persistent link: https://www.econbiz.de/10014397776
region-Algeria, Libya, Mauritania, Morocco, and Tunisia. Financial integration within the Maghreb region will help deepen … role for the global financial integration of the Maghreb region. This paper provides an overview of the financial systems …, takes stock of the reform effort and highlights the challenges ahead, and examines the prospects for financial integration …
Persistent link: https://www.econbiz.de/10014400223
This paper presents an overview of the different methodologies that can be used to measure the amount of available slack in an economy. A comparison of these alternatives reveals that the evolution of the Nairu is crucial for understanding recent cyclical developments in the French economy. A...
Persistent link: https://www.econbiz.de/10014403325
The export performance of the French economy relative to its own past and relative to a major trading partner, Germany, has deteriorated. The risk analysis indicates that French firms have seen a significant improvement in the corporate health, and seem resilient to the recent financial shock...
Persistent link: https://www.econbiz.de/10014404491
U.S. shocks explain a large part of French output common components. This paper analyzes the economic implications of two alternative welfare financing reforms: a reduction in payroll taxes funded by an increase in consumption taxes, and the other funded by a new levy on business value added....
Persistent link: https://www.econbiz.de/10014404706
product markets in France and the other EU countries is discussed, including the size of markups. The paper also looks into …
Persistent link: https://www.econbiz.de/10014405771
French government. France has a large and sophisticated financial system, which accounts for 10 percent of the global banking …
Persistent link: https://www.econbiz.de/10014406033
This Selected Issues paper first explains the recent increase in trend growth and then discusses how labor market and tax policies could best sustain it. This study calculates French trend growth estimating simultaneously a Cobb–Douglas production technology and total factor productivity. The...
Persistent link: https://www.econbiz.de/10014406168
This Selected Issues paper for France provides an analytical framework to explain the consequences of the downward … question of fiscal benefits of job-rich growth in France during 1997–2000 …
Persistent link: https://www.econbiz.de/10014406202
This Selected Issues paper on France underlies public intervention in financial markets. Econometric analysis indicates … counterfactual exercise suggests that a lower return to experience could be responsible for lower early wage growth in France …. Increased training could enhance the employment experience of the low-skilled young worker in France provided that its cost is …
Persistent link: https://www.econbiz.de/10014406928