Spain: a 2018 budget on target, if the Commission likes it or not
By Christine Rifflart With a deficit of 3.1% of GDP in 2017, Spain has cut its deficit by 1.4 points from 2016 and has been […]
Major adjustments are awaiting the euro zone
By Bruno Ducoudré, Xavier Timbeau and Sébastien Villemot Current account imbalances are at the heart of the process that led to the crisis in the […]
The participation rate and working hours: Differentiated impacts on the unemployment rate
By Bruno Ducoudré and Pierre Madec In the course of the crisis, most European countries reduced actual working hours to a greater or lesser extent […]
What can be deduced from the figures on inflation?
By Eric Heyer In May, inflation in the euro area moved closer to the ECB target. The sharp rise in inflation, from 1.2% to 1.9% […]
Measuring precautionary savings related to the risk of unemployment
By Céline Antonin The question of how disposable income is shared between savings and consumption involves trade-offs that take place at the household level and […]
Trump’s budget policy: Mortgaging the future?
By Christophe Blot While the momentum for growth has lost steam in some countries – Germany, France and Japan in particular – GDP in the […]
The end of a cycle?
OFCE Analysis and Forecasting Department This text is based on the 2018-2019 outlook for the world economy and the euro zone, a full version of […]
The French policy mix and support for private R&D: What realities for what results?
By Benjamin Montmartin France can be viewed as a unique experimental laboratory in terms of public support for investment in R&D. Indeed, since the Research […]
The French economy: Lasting or transitory slowdown?
By the OFCE France team On Friday, April 27, the INSEE published the national accounts for the first quarter of 2018. With growth of 0.3%, […]
The ECB is still worried about the weakness of inflation
By Christophe Blot, Jérôme Creel and Paul Hubert The President of the European Central Bank, Mario Draghi, recently announced that the increase in the ECB’s […]