The debacle of austerity
By Xavier Timbeau This text summarizes the OFCE’s October 2012 forecasts. The year 2012 is ending, with hopes for an end to the crisis disappointed. […]
Economic outlook
Does inequality hurt economic performance?
By Francesco Saraceno Economic theory has long neglected the effects of income distribution on the performance of the economy. Students were taught right from Introduction […]
Who will pay the bill in Sicily?
by Augusto Hasman and Maurizio Iacopetta Rumors of a Sicily’s possible default are in the air again. The employees of the Sicilian parliament did […]
Social action, but no end of the crisis
Evaluation of the five-year economic programme (2012-2017) By Eric Heyer, Mathieu Plane, Xavier Timbeau The initial decisions of the five-year programme are coming amidst an […]
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 […]
Underlying deflation
Christophe Blot, Marion Cochard, Bruno Ducoudré and Eric Heyer A look at the latest statistics on price trends indicates that the risk of deflation seems […]
The misfortunes of virtue*
By Christophe Blot * This text summarizes the outlook produced by the Department of Analysis and Forecasting for the euro zone economy in 2012-2013, which […]
He who sows austerity reaps recession
By the Department of Analysis and Forecasting, headed by X. Timbeau This article summarizes OFCE note no.16 that gives the outlook on the global economy […]
Yes, the national accounts will be revised after the election
By Hervé Péléraux and Lionel Persyn[1] In a Europe that is heading more and more clearly towards a recession, in mid-February the INSEE reported a 0.2% rise in France’s […]
The irresistible attraction to recession
By Hervé Péléraux Here is the leading indicator for the French economy, updated to 30 January 2011. The February forecasts of the leading indicator significantly […]