The ban on naked CDS takes effect
By Anne-Laure Delatte The small CDS market serves as an instrument for coordinating speculation against European states. To stop the speculation, the European Union recently […]
blog OFCE
Could France have a different fiscal policy?
By Jérôme Creel Shouldn’t the economic crisis that is gripping the euro zone, including France, lead to calling into question the approach being taken by […]
Is nationalization a trap or a tool of industrial policy?
By Jean-Luc Gaffard The closure of the Florange blast furnaces in the Moselle region by ArcelorMittal and the French government’s hunt for a buyer led […]
Higher unemployment in France, greater poverty in Germany
By Eric Heyer Will France be the new Greece, as The Economist has argued? Should French reforms be accelerated and be modelled on those implemented […]
The dilemma of competitiveness
By Jean-Luc Gaffard The competitiveness of a country is a complex subject. Some people rebel against the very concept on the grounds that it can’t […]
2013: what impact will the (national) fiscal measures have on growth?
By Mathieu Plane This text supplements the October 2012 forecasts for the French economy After having detailed the multiplier effects expected for the different fiscal […]
What is the value of the fiscal multipliers today?
By Xavier Timbeau We inherited higher public deficits and greatly increased public debts from the crisis (Table 1). Reducing these will require a major fiscal […]
A review of the recent literature on fiscal multipliers: size matters!
By Eric Heyer Are the short-term fiscal multipliers being underestimated? Is there any justification for the belief that fiscal restraint can be used to drastically reduce […]
Why has French growth been revised downwards?
By Bruno Ducoudré and Eric Heyer In its October 2012 forecasts, the OFCE has revised its growth forecast for 2012 and 2013. The major international […]
Has monetary policy become ineffective?
By Christophe Blot, Catherine Mathieu and Christine Rifflart This text summarizes the special study of the October 2012 forecast. Since the summer of 2007, the […]