The Paradox of Confidence
by Augusto Hasman, département Innovation et Concurrence de l’OFCE An interesting question raised in many forums is why Greek depositors continue to have confidence in […]
Why the developed countries should renounce their AAA rating
By Catherine Mathieu and Henri Sterdyniak By their very nature, states with monetary sovereignty should renounce their AAA rating: indeed, what is the logic behind […]
Should tax breaks on overtime be reversed?
By Eric Heyer Among the savings plans announced on 24 August 2011 by French Prime Minister François Fillon figures a change to the system of […]
The dual mandate, the Fed and the ECB
By Jérôme Creel and Francesco Saraceno Since 21 September 2011, the US Federal Reserve has launched Operation Twist to reallocate its balance sheet to reduce […]
Forced borrowing: the WMD of fiscal policy
By Jean-Paul Fitoussi, Gabriele Galateri di Genola and Philippe Weil A spectre is haunting Europe – the spectre of sovereign default. All the powers of old Europe […]
What impact will fiscal policy have on French growth?
By Eric Heyer The proper framework for analyzing the French economy is a large economy that is not very open, and not a small open […]