Does central bank optimism move financial markets?
By Paul Hubert and Fabien Labondance “Animal spirits”, also called “errors of optimism and pessimism” or “sentiments”, contribute to macroeconomic fluctuations, as has been pointed […]
OFCE blog
Some clarifications on economic negationism
By Pierre Cahuc and André Zylberberg We would like to thank Xavier Ragot for permitting us to respond to his comments about our book, Le […]
“The economic negationism” of Cahuc and Zylberberg: the first-order economy
By Xavier Ragot The book by Pierre Cahuc and André Zylberberg[1] is an injunction to take scientific truths about economics into account in the public […]
Italy and the labour market: improvement, with caveats
By Céline Antonin Since early 2015, the renewal of growth in Italy, the implementation of Act II of Matteo Renzi’s Jobs Act, and the reduction […]
François Hollande’s five years in office: Stagnation or recovery?
By OFCE The five-year term of French President Francois Hollande has been marked by serious economic difficulties, but also by some signs of improvement in […]
Europe is dead – Long live Europe!
By Maxime Parodi and Xavier Timbeau The British people’s vote for Brexit merely reinforces the political logic that has become an imperative. On the one hand, […]
Brexit: What are the lessons for Europe?
By Catherine Mathieu and Henri Sterdyniak The British vote to leave the European Union is aggravating the political crisis in Europe and in many European countries. […]
The effects of the oil counter-shock: The best is yet to come!
By Eric Heyer and Paul Hubert After falling sharply over the past two years, oil prices have been rising once again since the start of the […]
Is the decline of industry due to the growth of services?
By Sarah Guillou On Friday, April 8 2016, the Observatoire Français des Conjonctures Economiques (OFCE) began a series of quarterly seminars on the analysis of […]
Small recovery after a big crisis
By the Analysis and Forecasting Department This text summarizes the 2016-2017 outlook for the global economy and the euro zone. Click here to consult the […]