[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...

[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] The dramatic political and institutional changes now occurring in the Soviet Union are likely to have profound consequences on income distribution amongst households, as well as amongst Republics. Even before the onset of the current reform wave had been initiated by M. Gorbatchev, the...

[fre] Les réformes mises en œuvre en Russie dans le cadre de la transition vers l'économie de marchés ont engendré une détérioration sensible des conditions de vie de la population. Les hausses consécutives à la libération des prix décrétée en janvier 1992, la persistance d'une...

[eng] The forthcoming enlargement of the European Union (EU) to Central and Eastern European Countries (CEECs) will, in many respects, constitute an unprecedented move : no such an increase in size has taken place since Denmark, Ireland and the UK joined in 1972 ; moreover, CEECs' economies all...

[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...