The economic crisis which started in 2008 led to a strong rise in public debts. The sovereign debt crisis in euro area southern countries broke the unity of the euro area and weakened the “single currency” concept. The paper shows that this situation is not due to a lack of fiscal discipline...

The public finances crisis has brought binding fiscal rules proposals back to the forefront. The paper analyses their justifications and specifications, either in a classical or in a Keynesian framework. In the recent period there is no evidence that public deficits were caused by fiscal...

International relocation has become a topical issue in recent months, in France as elsewhere in Europe. This working paper is a set of four articles. Guillaume Daudin and Sandrine Levasseur provide an assessment of the impact of international relocation on French employment. Georges Pujals deals...

The alleged undervaluation of the renminbi has been the subject of intensive academic research over the past few years. Using equilibrium exchange rate models many authors have concluded that the renminbi is undervalued by 15 to 30% against the US dollar. Yet China has been experiencing strong...

The alleged undervaluation of the renminbi has been the subject of intensive academic research over the past few years. Using equilibrium exchange rate models many authors have concluded that the renminbi is undervalued by 15 to 30% against the US dollar. Yet China has been experiencing strong...

La baisse des impôts est devenue un des objectifs centraux de la politique budgétaire du gouvernement. Elle serait rendue possible par une gestion rigoureuse des dépenses publiques, la baisse des taux d’intérêt et surtout la reprise de la croissance. Ainsi pourrait être effacée la...

The supposed undervaluation of the renminbi has been the subject of intensive academic research over the past few years. Using equilibrium exchange rate models (Purchasing Power Parity, BEER and FEER), many authors have concluded that the renminbi is undervalued by 15 to 30% against the dollar....

Le plan d’allègement et de réforme des impôts que le gouvernement a présenté fin août est de grande ampleur : 120 milliards de baisse en 3 ans. Compte tenu des mesures décidées antérieurement, dont une baisse de 65 milliards des cotisations employeurs dans le cadre du passage aux 35...

Les périodes électorales sont des moments propices pour analyser la politique économique suivie et décider des inflexions nécessaires. Toutefois, l’état actuel de la construction européenne rend ce moment démocratique particulier. La politique monétaire de la zone euro a été...