It is generally assumed that the two Fisher components of the interest rate -- the real interest and the inflation -- evolve independently over time, considering that they are driven by unrelated economical events. However, the market pricing of those components deduced from newly-available bond...

The correlation matrix between break-even inflation rate movements and real interest rate movements across several countries shows puzzling features. Correlation is significantly positive for nearly all cross-border pairs whereas it is nil, positive or negative unsystematically within countries....

It is generally assumed that the two Fisher components of the interest rate -- the real interest and the inflation -- evolve independently over time, considering that they are driven by unrelated economical events. However, the market pricing of those components deduced from newly-available bond...

The correlation matrix between break-even inflation rate movements and real interest rate movements across several countries shows puzzling features. Correlation is significantly positive for nearly all cross-border pairs whereas it is nil, positive or negative unsystematically within countries....

Purpose – The purpose of this paper is to build alternative indices weighing using a measure of fundamental value rather than debt size. The official bond indices built to reflect general price trends are market weighted, meaning that the bonds are weighted by their debt size. The more...

Tant au niveau d'une entreprise que d'une Nation, l'impact d'une RTT (en particulier sur l'emploi) est largement dependant des conditions dans lesquelles elle s'opere. L'organisation du temps de travail et son incidence sur les modes de vie intervient egalement dans la reussite ou l'echec d'une...

This paper investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP...

This study presents a GDP per capita level and growth comparison across 17 main advanced countries and over the 1890-2013 long period. It proposes also a comparison of the level and growth of the main components of GDP per capita through an accounting breakdown and runs Philips-Sul (2007)...

Une situation financière dégradée ainsi que des difficultés de financement sont parfois avancées comme des facteurs explicatifs importants d’une compétitivité insuffisante des entreprises françaises (cf. par exemple le rapport Gallois, 2012). La présente analyse vise à caractériser...

La présente analyse vise à caractériser les effets « directs » et « indirects » des régulations sur le marché des biens ainsi que les effets des régulations sur le marché du travail, sur la productivité et sur les prix. L’analyse est empirique et réalisée via des estimations sur...