Should the Stability and Growth Pact be strengthened?
By Jérôme Creel, Paul Hubert and Francesco Saraceno The European fiscal crisis and the ensuing need to reduce the levels of public debt accelerated the […]
Month: February 2012
Some precautions for reading the results of macroeconomic simulations: The case of social VAT
By Eric Heyer In September 2007, the OFCE conducted simulations of the macroeconomic consequences of instituting a social value-added tax (VAT) using its emod.fr macroeconomic […]
Is our health system in danger? Dealing with the shortage of doctors (2/4)
By Gérard Cornilleau Health is one of the key concerns of the French. Yet it has not been a major topic of political debate, probably […]
Replacing the “Prime pour l’emploi” benefit by a reduction in employee social security contributions on low wages
By Guillaume Allègre Nicolas Sarkozy has announced plans to replace the “prime pour l’emploi” benefit (“PPE”) by lowering the social security contributions of workers earning […]
Fiscal policy honoured
By Jérôme Creel “The size of many multipliers is large, particularly for spending and targeted transfers.” Who today would dare to write such a thing?
Is our health system in danger? The financing of health insurance and the crisis (1/4)
By Gérard Cornilleau Health is one of the key concerns of the French. Yet it has not been a major topic of political debate, […]
The 35 billion euro man
By Henri Sterdyniak Sarkozy has cost France 500 billion. This is the central point of the book Un quinquennat de 500 milliards d’euros [A 500 […]
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 […]
Austerity is not enough
By André Grjebine and Francesco Saraceno It is certainly possible to question whether the role acquired by the rating agencies in the international economy is […]
The economic crisis is a crisis of economic policy
By Jean-Luc Gaffard The simultaneous increase of inflation and unemployment in the 1970s indicated that Keynesian theory and policy had run into a wall. No […]