[eng] Credit Rationing, Interest Rates and Economic Activity Jean-Marc Talion This paper presents a model of banking behaviour to show why, in some cases, banks prefer to ration credit to their customers, rather than to increase the interest rate they charge. This rationing, which is due to the...

[eng] French Investment Abroad and Rates of return Paule Arnaud-Ameller, Franck Portier, Ghislaine Salmat This paper deals with French direct investment and disinvestment abroad during the period 1976-1986. These flows are linked to economic rates of return in a geographical and sectorial...

[eng] Real Business Cycle, VAR Representation and the Openness of the French Economy Catherine Bruno, Franck Portier Two fruitful extensions of the RBC paradigm were recently developed. The first one concerns the open economy and is motivated by some empirical regularities in key international...