[eng] The Bundesbank: a pragmatic orthodoxy Andrew Brociner, Odile Chagny The Bundesbank is widely associated with the setting of monetary aggregates, based on its reliance on the quantitative theory of money. In adopting this theory, however, its approach remains pragmatic, as the preservation...

[eng] Strength makes union Département des diagnostics As the United States are witnessing a maturing expansion phase, Europe and Japan have not yet got out of the recession. With no inflationary pressures, the United States have some leeway to grow, allowed for by a still accomodating money...

[eng] Until recently, the debate on the future of the German economic model generally set the supporters of labor flexibility (on the business side) against the supporters of monetary easing (on the Trade Union side). The increase in agreements on labor flexibilization during 1996, shows a...

[eng] A cleared short term horizon Division modèle trimestriel Mosaïque Most Western economies experience sustained growth rates, but business conditions still widely differ. Optimism on the real economy gees with a large financial turmoil : exchange rates markets are upset by trade imbalances...

[eng] Falling back on cash-flow Forecasts for 1993-1994 Département des diagnostics Industrial production has probably reached a trough in the OCDE zone during the first quarter or 1 993. Unfortunately for France, this does not mean that its international environment will become a driving...

[eng] Turbulences' check-up Département des diagnostics Western economies began their recovery one year ago, but it is still difficult to foresee jobs and capacities creations on the near term. National situations exhibit quite varied imprints of indebtedness and disindebtedness waves brought...

[eng] Towards a New Economie Policy in Europe? Ray Barrell (Niesr-London); Paolo Bosi and Paolo Onofri (Prometeia-Bologna); Odile Chagny, Gael Dupont, Thierry Latreille, Catherine Mathieu and Henri Sterdyniak (OFCE-Paris); Joachim Volz (DIW-Berlin). There has been a clear shift towards more...

[eng] Everywhere in the industrialised world, monetary and financial obstacles to economic growth still persist today. The situation is all the more unsettled as tentative cooperation has been replaced by confrontation in international relationships. In the USA, the recovery has been a typical...