In this paper, we will analyze the sensitivity of economic activity to monetary and bugetary shocks in the Democratic Republic of the congo, based on a method of extracting the cycles of real activity, inflation, monetary and budgetary variables, a granger causality and an autoregressive vector...

The persistence of high rates of unemployment calls for a discussion of the tax treatment of production factors. In France as in many other countries, material productive resources are subject to a legally recoverable tax, VAT, whereas unrecoverable obligatory social levies strike human...

Dans le contexte de dé légitimation dont sont victimes les dépenses publiques pour cause de mondialisation de l'économie, le présent texte propose une réfutation logique de l'idée selon laquelle les services non marchands seraient financés par un prélèvement effectué sur une base...

The author describes results obtained by using a new methodology to estimate potential output for the United Kingdom. The estimation method, which follows Rennison (2003) and Gosselin and Lalonde (2002), shows that combining the use of a Hodrick-Prescott filter and a structural vector...

The effects of monetary policy on economic performance have long attracted the attention of economists and policy makers. The literature identifies different ways of understanding the monetary transmission mechanisms. They vary according to the importance given to interest rates, credits,...

Pour expliquer les départs précoces à la retraite, les économistes utilisent le concept de taxation implicite sur tout prolongement de l’activité. De là à proposer que l’on élimine cette taxe, il n’y qu’un pas à franchir. Cette contribution montre que si le système de retraite...

Francophone Africa has been dominated to date by the political, economic and cultural repercussions of France’s colonial rule. A major instrument to assert France's interests was the upkeep of a common monetary policy and currency, the CFA Franc. Although this has been increasingly resented by...

French Abstract: L'Afrique francophone a été dominée jusqu'à présent par les répercussions politiques, économiques et culturelles de la domination coloniale française. Contrairement à la domination coloniale « indirecte » de la Grande-Bretagne, Paris gouvernait ses (anciennes)...

The Economic Cycle Theory, having been a somehow abandoned during several decades, returns to get important with the recent World Financial Crisis 2007-2010. This book, based upon a theses sustained in 2007, advances and argues the possibility of an almost unavoidable world cyclic plunge of...