What monetary policy for the ECB in 2013?
By Paul Hubert After the monthly meeting of the Board of Governors of the European Central Bank on 7 February 2013, the ECB decided to […]
Monetary policy
Is it possible to get over a banking crisis? Comparative analysis of Ireland and Iceland
By Céline Antonin and Christophe Blot In economics, miracles sometimes prove to be mirages. Iceland and Ireland are witnesses. These two small open economies, paradises […]
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 […]
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 […]
The euro zone: confidence won’t be enough
By Céline Antonin, Christophe Blot and Danielle Schweisguth This text summarizes the OFCE’s October 2012 forecasts for the economy of the euro zone. After more […]
The governance of public finances: from the Fiscal pact to France’s Organic law
by Henri Sterdyniak So the French government has had Parliament enact an “Organic law relating to the planning and governance of public finances” (loi organique relative […]
Who will pay the bill in Sicily?
by Augusto Hasman and Maurizio Iacopetta Rumors of a Sicily’s possible default are in the air again. The employees of the Sicilian parliament did […]