A new Great Moderation?
by Analysis and Forecasting Department This text summarizes the OFCE’s 2017-2019 forecast for the global economy and the euro zone; the full version can be found […]
Euro area
Is the recovery on the right path?
Analysis and Forecasting Department This text is based on the 2016-2018 outlook for the world economy and the euro zone, a full version of which […]
Leave the euro?
By Christophe Blot, Jérôme Creel, Bruno Ducoudré, Paul Hubert, Xavier Ragot, Raul Sampognaro, Francesco Saraceno, and Xavier Timbeau Evaluating the impact of France leaving the euro zone (“Frexit”) is tricky, as […]
The European economy in 2017 – or, the post-Brexit EU
By Jérôme Creel The just released L’économie européenne 2017 provides a broad overview of the issues being posed today by the European Union project. Brexit, […]
Balance sheets effects of a euro break-up
By Cédric Durand (Université Paris 13), and Sébastien Villemot When it was introduced at the turn of the millennium, the euro was widely perceived as […]
Matteo Renzi’s Jobs Act: A very guarded optimism
By Céline Antonin At a time when the subject of labour market reform has aroused passionate debate in France, Italy is drawing some initial lessons […]
A new EU arrangement for the United Kingdom: European lessons from the February 19th agreement
By Catherine Mathieu and Henri Sterdyniak Following the demand made by David Cameron on 10 November 2015 for a new arrangement for the United Kingdom […]
Why can’t Greece get out of debt?
By Sébastien Villemot Between 2007 and 2015, Greece’s public debt rose from 103% to 179% [1] of its GDP (see chart below). The debt-to-GDP ratio […]
Is missing disinflation a uniquely American phenomenon?
By Paul Hubert, Mathilde Le Moigne Are the dynamics of inflation after the 2007-2009 crisis atypical? According to Paul Krugman, “If inflation had responded to […]
An ever so fragile recovery
By the Department of Analysis and Forecasting, under the direction of Eric Heyer and Xavier Timbeau This text summarizes the OFCE’s economic forecast for 2015-2017 for the […]