[eng] According to the « Ricardian equivalence » hypothesis, when making their current spending and saving decisions, consumers take into account the taxes they will have to pay in the future, notably to service the existing stock of public debt : in other words, there is « tax-discounting...

[eng] Nominal and Real Convergence in EC and EFTA countries This paper estimates the speed of convergence towards German values of nominal and real macroeconomic indicators of EC and EFTA countries for the last twenty years (for real GDP per capita we consider the period 1950- 1988). We use a...

[eng] The aim of this study is to test the joint hypothesis of rational expectations and market efficiency in commodity price determination. The test is based on the analysis of co-movements between commodity prices. It takes into account the specific dynamics of these series, especially the...

[eng] This paper analyses the causes of unemployment, in the long and in the short-run, in France and the United-States. Our empirical strategy consists of testing for short-run causality and for cointegration. The cointegration analysis seeks to establish whether there exists a common long-run...

[eng] This article analyses price setting behaviour in the European automobile market, and its relation to the exchange rate. Sale price data for individual cars sold in five countries (Belgium, France, Germany, Italy and the United Kingdom) are examined. The purpose of the analysis is to...

[fre] On a récemment suggéré que l'expérience du plan Marshall après la guerre pourrait être renouvelée aujourd'hui pour les pays de l'Est. Il semble toutefois, selon des études historiques récentes, que le plan Marshall ait été beaucoup moins efficace qu'on ne l'a prétendu et que...

[eng] This paper analyses the sources of fluctuations of the Solow residual. This is a widely used measure of growth of total factor productivity. The analysis is conducted on data on six sectors manufacturing, energy, market and non-market services, building construction), five OECD countries...

[eng] The purpose of this article is to establish the statistical characteristics of main macroeconomic indicators of the four major European countries : Germany, France, Italy and the UK. The data considered are quarterly and the period is 1960-1988. The analysis concentrates on the nature of...