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Fiscal Policy Discretion, Private Spending, and Crisis Episodes

Agnello, L.; Furceri, D.; R.M, Sousa. - Banque de France - 2011

In this paper, we assess the impact of fiscal policy discretion on economic activity in the short and medium-term. Using a panel of 132 countries from 1960 to 2008, we find that fiscal policy discretion provides a net stimulus to the economy in the short-run and crowding-in effects are amplified...

Persistent link: https://www.econbiz.de/10009386426

French firms exports during downturns: evidence from past crises.

Bellas, D.; Vicard, V. - Banque de France - 2013

This paper makes use of detailed French firm level data on a quarterly basis to investigate the impact of past crises on exports and the margins of adjustment. We first detect crises periods using quantitative criteria and classify them into banking crises, currency crises, simultaneous banking...

Persistent link: https://www.econbiz.de/10010726925

Firms' Export Dynamics: Experience vs. Size.

Berthou, A.; Vicard, V. - Banque de France - 2013

This paper provides evidence about the impact that size and experience in exporting have on firms' dynamics, a critical input in models of firms dynamics. The analysis uses a census of French exports by firm-destination-product over the period 1994-2008 with a monthly frequency. We first uncover...

Persistent link: https://www.econbiz.de/10010815998

Network Analysis of World Trade using the BACI-CEPII dataset.

De Benedictis, L.; Nenci, S.; Santoni, G.; Tajoli, L.; … - Banque de France - 2013

In this paper we explore the BACI-CEPII database using Network Analysis. Starting from the visualization of the World Trade Network, we then define and describe the topology of the network, both in its binary version and in its weighted version, calculating and discussing some of the commonly...

Persistent link: https://www.econbiz.de/10010816015

European Export Performance.

Cheptea, A.; Fontagné, L.; Zignago, S. - Banque de France - 2012

Competitiveness has come to the forefront of the policy debate within the European Union, focusing on price competitiveness and intra-EU imbalances. But how to measure properly competitiveness, beyond price or cost competitiveness, remains an open methodological issue; and what is the resilience...

Persistent link: https://www.econbiz.de/10010565833

Strategic fiscal revaluation or devaluation: why does the labor wedge matter?

Langot, F.; Lemoine, M. - Banque de France - 2014

Most European countries suffer from a structural weakness of employment and competitiveness. Can an optimal tax system reinforce European countries in this respect? If so, does this long-term policy act as a devaluation or a revaluation? In this paper, we show that fiscal devaluation can be an...

Persistent link: https://www.econbiz.de/10010939334

Total factor productivity and the decision to serve foreign markets: Firm level evidence from France.

Irac, D. - Banque de France - 2008

This paper examines productivity differences between firms doing foreign direct investment (FDI) and domestic firms on a sample of 28,133 continuing French firms over the period 1996-2002. The main contribution of this paper is to scrutinize the links between the different modes of globalization...

Persistent link: https://www.econbiz.de/10008528493

Firms and the global crisis: French exports in the turmoil.

Bricongne, J-C.; Fontagné, L.; Gaulier, G.; Taglioni, D.; … - Banque de France - 2009

The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mostly been analysed at the macroeconomic or sectoral level. However, heterogeneous exporters in terms of productivity, size or external finance dependence should be hit differently by...

Persistent link: https://www.econbiz.de/10008503207

Variable Trade Costs, Composition Effects, and the Intensive Margin of Trade.

Berthou, A.; Fontagné, L. - Banque de France - 2015

We estimate the elasticity of extra-EU French firm-level exports with respect to applied tariffs, a variable trade cost. We propose a methodology controlling for unobserved firm characteristics driving selection in exports market and for the usual resistance terms. Results confirm a significant...

Persistent link: https://www.econbiz.de/10011207677

Globalization, Market Structure and the Flattening of the Phillips Curve.

Guilloux-Nefussi, S. - Banque de France - 2015

The decline in the sensitivity of inflation to domestic slack observed in developed countries over the last 25 years … also the bigger ones) enter the export market. They tend to transmit less marginal cost fluctuations into inflation because … the proportion of large firms reduces the pass-through of marginal cost into inflation. …

Persistent link: https://www.econbiz.de/10011196011