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Achieving France's medium-term fiscal targets will require significant expenditure efforts. This paper identifies areas where there is scope for increasing expenditure efficiency, with a view to achieving higher quality and more sustainable fiscal consolidation. The methodology is based on a...
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while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …
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This paper discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and …
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For a very long time, the areas available for continuous long-distance trade were limited to territories the size of Braudel's Mediterranée (1949). Whatever the commercial organizations (merchants in the Roman or the Fatimid Empires, the Hanseatic League, the Florentine Companies), their trade...
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