This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to predict recent developments in France`s external performance. The model views the current account as a buffer through which private agents can smooth consumption over time in...

This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to predict recent developments in France’s external performance. The model views the current account as a buffer through which private agents can smooth consumption over time in...

This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to predict recent developments in France’s external performance. The model views the current account as a buffer through which private agents can smooth consumption over time in...

[fre] L'union économique et monétaire Principes et implications. . L'intégration monétaire comporte à la fois des coûts et des bénéfices. Cependant, les Européens ont une forte aversion pour l'instabilité des changes. De ce point de vue, le SME a montré ses limites, et son...

[fre] Après avoir comparé les évolutions des principaux agrégats macroéconomiques en France et en Allemagne fédérale depuis vingt ans, l'article étudie de façon approfondie les couples inflation- chômage, chômage-solde extérieur, inflation-solde extérieur dans les deux pays, avant...

This paper studies the interactions between access to infrastructure, women's time allocation, and economic growth in developing countries. The first part provides a review of the evidence on the impact of poor infrastructure on women's ability to allocate their time to productive activities....

This paper provides an overview of the recent analytical and empirical literature on middle-income traps. The first part examines the descriptive and statistical evidence on these traps. The second discusses the various arguments that have been put forward to explain the existence, and...

This paper reviews arguments for and against attributing explicitly a financial stability objective to monetary policy. The discussion is conducted from the perspective of middle-income countries (MICs), where bank credit plays a critical role both on the supply and demand sides. It also...