Trump’s budget policy: Mortgaging the future?
By Christophe Blot While the momentum for growth has lost steam in some countries – Germany, France and Japan in particular – GDP in the […]
United States
Missing deflation – unique to America?
By Paul Hubert, Mathilde Le Moigne Was the way inflation unfolded after the 2007-2009 crisis atypical? According to Paul Krugman: “If inflation [note: in the […]
The Janus-Faced Nature of Debt
by Mattia Guerini, Alessio Moneta, Mauro Napoletano, Andrea Roventini The financial and economic crises of 2008 have been intimately interwined with the dynamics of debt. […]
Do QE programmes create bubbles?
By Christophe Blot, Paul Hubert and Fabien Labondance Has the implementation of unconventional monetary policies since 2008 by the central banks created new bubbles that […]
Investment behaviour during the crisis: a comparative analysis of the main advanced economies
By Bruno Ducoudré, Mathieu Plane and Sébastien Villemot This text draws on the special study, Équations d’investissement : une comparaison internationale dans la crise [Investment equations : an international comparison […]
The coming recovery
By the Analysis and Forecasting Department, under the direction of Eric Heyer and Xavier Timbeau This text summarises the OFCE 2015-2016 economic outlook for the euro […]
Who has the best playing field for tax competition: the United States or the European Union?
By Sarah Guillou Two recent events demonstrate the differences in the American and European views on tax competition. First was the case of Boeing, which […]
Working in the United States: longer, harder, and …. on weekends!
By Elena Stancanelli, Paris School of Economics, CNRS and Research Associate at the OFCE[1] Americans now work longer hours than Europeans. Daniel Hamermesh and Elena […]
What’s masked by the fall in US unemployment rates
By Christine Rifflart Despite the further decline in the US unemployment rate in December, data from the Bureau of Labor Statistics released last week confirms […]
No surprises from the Fed*
By Christine Rifflart Not surprisingly, at its meeting on 29 and 30 October the Monetary Policy Committee of the US Federal Reserve decided to maintain […]