It is a commonly accepted view that the parity theory of forward exchange based on the law of one price was first formulated by Keynes. In this article we assess the preliminary shapes of the interest parity (IP) relation. After reviewing the early beginnings of the IP relation, we investigate...

Based on historical evidence found in Juglar and Bonnet that over the Bimetallic period French and British central banks did co-operate when using their discount rates as policy instruments for currency stabilization, we test whether Bimetallism was a regulated system or not. Our revised story...

This paper examines the impact of the 'franc fort' policy implemented in France from 1983 on the inflationary dynamics by means of a square root Kalman filter approach. An interesting aspect of the analysis is the evidence that the 'franc fort' exchange rate policy had a significant impact on...

[fre] Les tests de racine unitaire et les modèles Arch : application au taux de chômage . par Jamel Trabelsi . d'informations sur le marché du travail sont prises en compte. Sur la base des conclusions avancées par Kim et Schmidt, selon lesquelles l'hypothèse nulle de racine unitaire est...

[fre] L'instabilité de la détermination du taux de change dans un modèle monétariste, . par Jacques Luzi, Jamel Trabelsi.. . Cet article étudie et compare les comportements à court terme du taux de change nominal et du niveau des prix domestiques dans un modèle d'équilibre à...

[fre] L'objectif de cet article est de rechercher un mécanisme de propagation des chocs susceptible d''expliquer l'émergence des phénomènes de persistance du taux de chômage en Allemagne. Notre travail s''appuie sur un modèle théorique au travers duquel nous construisons la dynamique qui...

This paper tests the size and the diffusion effect of the credibility factors of the stabilization programme implemented in Greece in 1985, by means of a two-step procedure which focuses on the analysis of the time-series properties of the parallel market premium and the inflation process. An...