[fre] Les conséquences de diverses mesures de politique économique pour limiter la hausse des cotisations-retraite et mieux les répartir entre les générations ont déjà fait l'objet d'une étude publiée dans cette Revue (Cf. n° 47 octobre 1993). Cette étude faisait appel à la...

[eng] Pensions and demographics in France : the transition Thierry Chauveau and Rahim Loufir Since the end of the sixties, the fertility rate has drastically decreased in France as in most OECD countries. In the next decades, this demographic transition wili imply, if the current public pension...

[eng] The future of public pensions in the seven major economies Thierry Chauveau, Rahim Loufir In most OECD countries, the financing of the current public Pay-As-You-Go (PAYG) pension system may become quite worrisome due to the likely ageing of the population. This article provides an analysis...

[eng] Due to the likely ageing of the French population over the coming decades, the future financing of the current public, « pay-as-you-go » pension system is quite worrisome. If the currently foreseen stagnation of the population materializes, a choice will have to be made between keeping...

[eng] A Comparative Study of Wage Patterns in Germany, France and the Netherlands by Rahim Loufir and Pierre Malgrange . This paper makes a descriptive and econometric comparison of changes in wage equations using quarterly data in Germany, the Netherlands and France. The aim here is to identify...

We present a monetary model of unilateral exchange rate target zone based on microeconomic optimization principles. We endogenously derive the consumer's consumption and protfolio choices, and the demand for money balances. The standard monetary model results, like the S-shaped solution for the...

[eng] Nominal and Real Convergence in EC and EFTA countries This paper estimates the speed of convergence towards German values of nominal and real macroeconomic indicators of EC and EFTA countries for the last twenty years (for real GDP per capita we consider the period 1950- 1988). We use a...

[eng] Efficiency and Formation of Expectations in Exchange Markets The aim of this article is twofold : first to analyse the efficiency properties of the French franc and the American dollar exchange markets : second, to determine the nature of exchange rate expectations in these markets for...

X-ray diffraction and magnetic force microscopy techniques were used to investigate the structural and the static magnetic properties of vapor-deposited cobalt films with various thicknesses t ranging from 50 to 195 nm. Texture measurements revealed that as the thickness increases, the films...