Several tools are routinely used to predict or analyze the impact of employment policies: macroeconometric models, small-scale GE models, ex post evaluations based either on macroeconomic time series or on microeconomic data. We present here a new instrument whose methodology is intermediate...

The Stiglitz report on the measurement of economic performance and social progress has been recently released. Part of this report is devoted to the issue of measuring sustainability. One of the sustainability indexes it considers is the concept of adjusted net savings (ANS). Compared to other...

Accrued-to-date liabilities (ADLs) could soon add to the set of regular statistics on public pensions, in compliance with updated SNA provisions. This raises two questions: how can this indicator be produced, and what for? Microsimulation is shown to constitute a relevant answer to the first...

During the 2008/2009 crisis French businesses were hit by a slump in domestic and world demand, while French banks encountered difficulties that may have encouraged them to tighten their credit conditions. This crisis strongly affected the number of business start-ups as well as the initial size...

The French cluster policy Pôles de compétitivité has been launched in 2004 to foster collaborations between firms, research institutions, and training institutions. Many firms taking part in these clusters have obtained subsidies to finance R&D collaborative projects involving other firms and...

Public debt is considered sustainable if discounted net repayments are expected to cover the initial debt issuance, i.e. if the government intertemporal budget constraint is expected to hold. With risk averse lenders and an uncertain economic environment, Bohn (1995) stresses that this...

This paper implements an affine term structure model that accommodates "unspanned" macro risks for the Euro area, i.e. distinct from yield-curve risks. I use an averaging-estimator approach to obtain a better estimation of the historical dynamics of the pricing factors, thus providing more...

This article provides evidence about how access to social housing affects living and accommodation conditions of households, using hedonic prices and stratified regression methods. First, I estimate the monthly monetary benefit of social housing tenants, which is the difference between the...

Many countries have reformed hospital reimbursement policies to provide stronger incentives for quality and cost reduction. The purpose of this work is to show how the effect of such reforms depends on the intensity of local competition. We build a nonprice competition model to examine the...