Fiscal consolidation wrong-footed
By Sabine Le Bayon Should deficit reduction be the priority of governments today? The constraints imposed by the Stability Pact and especially by the financial […]
R&D all at sea: Have electricity producers lost the plot?
By Evens Salies Is there an inherent conflict between the technological efforts needed to meet the requirements of environmental policies and the liberalization of electricity markets? […]
What new European austerity plans await us in 2012?
By Eric Heyer To meet French commitments vis-à-vis Brussels to a general government deficit in 2012 of 4.5% of GDP, the French Prime Minister Francois […]
The G20 Summit in Cannes: Chronicle of a Disappointment Foretold?
By Jérôme Creel and Francesco Saraceno Too long and too technical, the final declaration of collective action of the G20 Summit in Cannes shows that […]
Can the central banks influence the expectations of private agents?
By Paul Hubert Can the forecasts of a central bank influence the expectations of private agents, and if so what are the reasons for this? […]
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 […]