[eng] Since 1973, the pace of growth has been sharply declining in the industrialised couotries. It is unfortunately easier to observe this change of rhythm, and to identify its starting date, than to explain it. It looks as though potential growth had slowed, but nevertheless, the evolution of...

[eng] Wealth effects and consumer spending in the US and the UK Corinne Houizot, Helene Baudchon, Catherine Mathieu and Francisco Serranito The sharp rise in stock market priees over the second half of the 90's is said to have boosted household consumption in the US. Changes in housing and net...

[eng] Some uncertainty Forecast for the world economy in 2000 and 2001 Division Economie Internationale World GDP is expected to decelerate from 4.8 percent in 2000, the fastest rate of growth since 1984, to 4.1 in 2001. The raise in oil priees and the tightening of monetary policies over the...

[eng] The American model : a successful but unfinished transition Hélène Baudchon At the mid-year of 1997, the dynamism of the American economy remains very strong. After a slow take-off, the current business cycle seems to go on and on, benefiting from the growth of domestic demand, strong...

[eng] All together ? Forecast for the world economy in 2000 and 2001 Division economie internationale Activity is expected to expand rapidly in many parts of the world economy (4,2 % in 2000 and 3,9 % in 2001), except in Japan where an excess of capacity still impediments growth. Asian emerging...

[eng] Comparison of saving rates in France and in the US Hélène Baudchon Valérie Chauvin The households saving rate has been sliding down since the beginning of the nineties in the US whereas economists can't explain its 90-95 increase in France. Both evolutions are worrying, but are they...

[eng] US fiscal policy under Clinton administration Helene Baudchon, Jerome Creel, Vincent Touze et Bruno Ventelou This paper investigates the last ten years of US fiscal policy with three levels of reading. At the macroeconomic level, the current federal budget surplus has resulted from the US...