The “Ricardian effect”: to be taken with caution!
By David Ben Dahan and Eric Heyer Is the deterioration in the public finances influencing households’ consumption behaviour? A recent INSEE study tries to answer […]
blog OFCE
Increased longevity and social security reform: questioning the optimality of individual accounts when education matters
par Gilles Le Garrec In 1950, life expectancy at birth in Western Europe was 68 years. It is now 80 years and should reach 85 […]
How to read the Alstom case
By Jean-Luc Gaffard The situation of Alstom has hit the headlines since the company executives announced their intention to sell the energy branch to General […]
Doesn’t real estate capital really contribute to inequality?
By Guillaume Allègre and Xavier Timbeau In a response to Capital in the twenty-first century, Odran Bonnet, Pierre-Henri Bono, Guillaume Chapelle and Etienne Wasmer (2014) […]
Unemployment insurance for the euro zone?
By Xavier Timbeau In the latest publication of France’s Treasury Department, Lettre Trésor-Eco, no. 132, June 2014 (Ministère des Finances et des Comptes publics and […]
Why a negative interest rate?
Christophe Blot and Fabien Labondance As expected, on 5 June 2014 the European Central Bank (ECB) unleashed an arsenal of new unconventional measures. The aim is […]
The French fiscal devaluation, or the French Achilles strives to catch the German tortoise
By Sarah Guillou In the 1980s, under the European Monetary System (EMS), France repeatedly carried out currency realignments – in 1981, 1982, 1983 and 1986 […]
What do we know about the end of monetary unions?
By Christophe Blot and Francesco Saraceno The European elections were marked by low turnouts and increasing support for Eurosceptic parties. These two elements reflect a […]
What options for the European Central Bank?
By Paul Hubert All eyes are now on the ECB, whose recent statements indicate that it is concerned about the risk of deflation in the […]
Why read Piketty?
By Jean-Luc Gaffard Thomas Piketty’s book Capital in the twenty-first century has met with an extraordinary reception, one that is commensurate with both the empirical […]