A recession is not inevitable
By Marion Cochard, Bruno Ducoudré and Danielle Schweisguth The cold blast from the autumn forecasts continues with the publication of the European Central Bank’s latest […]
public debt
2013: what impact will the (national) fiscal measures have on growth?
By Mathieu Plane This text supplements the October 2012 forecasts for the French economy After having detailed the multiplier effects expected for the different fiscal […]
What is the value of the fiscal multipliers today?
By Xavier Timbeau We inherited higher public deficits and greatly increased public debts from the crisis (Table 1). Reducing these will require a major fiscal […]
France: will the war of the 3% take place?
By Eric Heyer This text summarizes the OFCE’s October 2012 forecasts for the French economy. The French economy is expected to see average annual growth […]
The situation on the labour market in France*
By Eric Heyer The French economy is facing a number of imbalances, with the two main ones being: – a public deficit that at end […]
European Council: wait and sink?
By Jérôme Creel, Paul Hubert and Francesco Saraceno The European Council meeting being held at the end of the week should have been spent, according […]
Would returning to the drachma be an overwhelming tragedy?
by Céline Antonin Following the vote in the Greek parliamentary elections on 17 June 2012, the spectre of the country leaving the euro zone has […]
Japan’s reconstruction: constrained by the deterioration in public finances
By Bruno Ducoudré Following the earthquake that hit Japan in March 2011, the government estimated the cost of the loss at 16.9 trillion yen (3.6 […]
Less austerity = more growth and less unemployment
Eric Heyer and Xavier Timbeau The European Commission has just released its spring forecast, which anticipates a recession in 2012 for the euro zone (“mild” […]
The financial markets: Sword of Damocles of the presidential election
By Céline Antonin Although some of the candidates may deny it, the financial risk linked to the fiscal crisis in the euro zone is the […]