European indicators have been tailored to monitor the supposed free rider problem of European project and have concentrated on public finance stability at an aggregate level. A maturing Union should now turn towards two aspects of its sustainability. The first one is the internal stability and...

This paper aims at investigating first, the (possibly time-varying) empirical relationship between price and financial stability, and second, the effects of some macro and policy variables on this relationship in the United States and the Eurozone. Three empirical methods are used to examine the...

[fre] Les critères de Maastricht renforcés par le Pacte de stabilité ont notamment pour objectif de favoriser la convergence des politiques budgétaires européennes. Néanmoins, ces contraintes ne constituent sans doute pas une condition suffisante dans la mesure où les critères ne portent...

In this article, we measure the redistributive impact of education expenses when financed publicly. We consider a life-cycle perspective and estimate, for each individual, the education expenses received and the taxes paid during his or her foreseen career. We conclude that the public financing...