What factors are behind the recent rise in long-term interest rates?
By Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance Since the onset of the financial crisis, long-term sovereign interest rates in the euro zone have […]
Where are we at in the euro zone credit cycle?
By Christophe Blot and Paul Hubert In December 2016, the European Central Bank announced the continuation of its Quantitative Easing (QE) policy until December 2017. […]
Is the recovery on the right path?
Analysis and Forecasting Department This text is based on the 2016-2018 outlook for the world economy and the euro zone, a full version of which […]
Beyond the unemployment rate. An international comparison since the crisis
By Bruno Ducoudré and Pierre Madec According to figures from the French statistics institute (INSEE) published on 12 May 2017, non-agricultural commercial employment in France increased […]
The reduction of the US Fed’s balance sheet: When, at what pace and with what impact?
By Paul Hubert US monetary policy began to tighten in December 2015, with the Fed’s key rate moving from a target range of 0 – […]
Leave the euro?
By Christophe Blot, Jérôme Creel, Bruno Ducoudré, Paul Hubert, Xavier Ragot, Raul Sampognaro, Francesco Saraceno, and Xavier Timbeau Evaluating the impact of France leaving the euro zone (“Frexit”) is tricky, as […]
Universal basic income: An ambition to be financed
By Pierre Madec and Xavier Timbeau This evaluation of Universal Basic Income (UBI), the flagship proposal of French presidential candidate Benoît Hamon, highlights a potentially […]
Inequality in Europe
By Guillaume Allègre In the preamble to the Treaty establishing the European Economic Community, the Heads of State and Government declare that they are “[r]esolved […]
The Treaty of Rome and equality
By Hélène Périvier The Treaty of Rome: Article 119, Title VIII, “Social Policy, Education, Vocational Training, and Youth”, Chapter 1: Social Provisions: Each Member State shall during […]
European banking regulation: When there’s strength in union
By Céline Antonin, Sandrine Levasseur and Vincent Touzé At a time when America, under the impulse of its new president Donald Trump, is preparing to put an […]