General public debates on international relocation in the EU-15 generally focus on the process in its narrow sense: a company closing a plant in one of EU-15 countries while simultaneously opening a plant in a low-wage emerging country where it will produce goods at lower costs to be offered on...

The 10th EUROFRAME1 Conference on economic policy issues in the European Union was held in Warsaw on 24 May 2013. The Conference topic was: “Towards a better governance in the EU?”. Twelve of the papers given at the Conference are released in this issue of the Revue de l’OFCE/Debates and...

This paper presents a critical assessment of the Stability and Growth Pact (SGP). Section 2 recalls the fiscal policy framework in the euro area. Section 3 provides an assessment of the first five years of the SGP. Section 4 addresses the weaknesses of the procedures: arbitrary criteria,...

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...

We intend to point out three issues. Disparities in growth, inflation and current account balances are a problem in the euro area. The current functioning of the euro area increases growth disparities between the Member States. It is not only domestic problems which could be improved by...

Compte rendu de la 9ème Conférence EUROFRAME qui s'est tenue à Kiel le 8 juin 2012.

As sociedades europeias são baseadas num compromisso entre, por um lado, o capitalismo, a propriedade privada e as forças do mercado e, por outro, o socialismo, a redistribuição e a produção pública. Uma parte importante das despesas das famílias é pública (educação, saúde); certos...

Un large consensus semble exister en Europe pour estimer qu’il existe un Modèle social européen (MSE), qui doit être défendu et développé. Mais cette notion est ambiguë : est-ce une simple description de l’état actuel des sociétés européennes ? Est-ce une notion normative ?...

En raison de la crise des dettes publiques, les projets visant à instaurer des règles budgétaires sont revenus au premier plan. Cette étude analyse leurs justi fications et les spécifications proposées, dans un cadre néo-classique, puis dans un cadre keynésien. Il n'y a aucune preuve...

There seems to be a broad consensus in Europe that there is a European Social Model (ESM), typical of European societies and that this model should be protected and developed. But the ESM is an ambiguous notion: is it a simple description of the actual state of European societies? Is this a...