Monetary policy: Open-Market Operations or Open-Mouth Operations?
By Paul Hubert Can the communications of a central banker influence agents’ expectations in the same way as they change interest rates? To believe Ben […]
The very great recession
Economic outlook updated for the major developed countries in 2012 OFCE Department of Analysis and Forecasting, under the direction of Xavier Timbeau The growth outlook […]
Post-Durban: For a Sino-European axis
By Eloi Laurent The European Union absolutely must stay the course at the Durban conference and afterwards, not only by reaffirming its climate goals but […]
Regaining confidence in the euro: Three pressing issues
By Jérôme Creel In a communication on European economic governance before the European Parliament’s ECON Committee on Monday, 17 October 2011, three pressing issues were […]
From Trichet to Draghi: Results and prospects
By Christophe Blot and Eric Heyer During eight years as head of the ECB, we have seen two Jean-Claude Trichets (JCT): one dogmatic, the other […]
Fiscal consolidation wrong-footed
By Sabine Le Bayon Should deficit reduction be the priority of governments today? The constraints imposed by the Stability Pact and especially by the financial […]
R&D all at sea: Have electricity producers lost the plot?
By Evens Salies Is there an inherent conflict between the technological efforts needed to meet the requirements of environmental policies and the liberalization of electricity markets? […]
What new European austerity plans await us in 2012?
By Eric Heyer To meet French commitments vis-à-vis Brussels to a general government deficit in 2012 of 4.5% of GDP, the French Prime Minister Francois […]
The G20 Summit in Cannes: Chronicle of a Disappointment Foretold?
By Jérôme Creel and Francesco Saraceno Too long and too technical, the final declaration of collective action of the G20 Summit in Cannes shows that […]
Can the central banks influence the expectations of private agents?
By Paul Hubert Can the forecasts of a central bank influence the expectations of private agents, and if so what are the reasons for this? […]