NEW PUBLICATION: The answer is yes. When the credit-to-GDP ratio is above 96.5%, the effect of a further development of bank credit on the economic growth is not…
NEW PUBLICATION: It was very interesting to explore how political tensions between China and the US impact the oil market. The originality of our approach lies in the…
NEW PUBLICATION: It was a really nice experience to explore the links between innovation and macroeconomics. We find that R&D intensity is stationary in the G7 countries when…
NEW PUBLICATION: This paper was written last year with my friend Sy-Hoa Ho. We met ten years ago in the University of Paris North during the preparation of…
NEW PUBLICATION: I am very grateful to my colleagues Amélie Barbier-Gauchard, Meixing Dai, Claire Mainguy, Moïse Sidiropoulos, Isabelle Terraz and Jamel Trabelsi for all their efforts and for…
To allow national fiscal stabilizers to work, governments must be able to borrow at an affordable cost in times of economic stress. A strong fiscal framework is indispensable…
Even with more flexible economies, internal adjustment will always be slower than it would be if countries had their own exchange rate. Mario Draghi (2015). The title of…
Entre le déclenchement de la crise de l’euro et le vote britannique sur la sortie du Royaume-Uni de l’Union Européenne, nous avons assisté à une réduction massive des…
It was a real pleasure to participate in the 9th EUROFRAME conference which took place in June 2012 at the Kiel Institute for the World Economy. The conference…
Cette recherche a été motivée par deux types de critique portant sur les taux de change d’équilibre. Le premier type de critique porte sur les incertitudes entourant les…
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