This paper proposes a stylized two-period two-country OLG model illustrating the potential role played by the nationality of investors on the incentives for a government to renege on its domestic debt. The two countries belong to a Monetary Union where monetary policy is decided by the...

This paper proposes a stylized two-period two-country model illustrating the role played by the distribution of domestic wealth in determining a country’s level of access to international lending. We model sovereign debt redemption policy as the outcome of the interaction between the...

This paper presents estimation of the Grossman-Helpman (1994) model for the EU. We try to address a number of pitfalls that surround the previous empirical literature. First, we suggest a new identification strategy that enables to single out politically organized sectors with specific regard to...

European Enlightenment thinkers were right in stressing the political dimension of inequality, rather than referring to "natural differences" as some others did after them in the 19th or 20th centuries. Drawing from recent theoretical and empirical contributions in social sciences and in...

(english) The classical and more recent theories on development all fail to explain Madagascar’s long-running economic underperformance. This paper proposes a reinterpretation of Malagasy history based on the analytical framework of political economy. Our analyses point to the fact that,...

(english) This paper is an attempt to assess the relevance of the use of the North, Wallis and Weingast (2009) framework to explain the performances of Burkina Faso in terms of economic growth and development. The political history of Burkina Faso has been very unstable until president Campaoré...

We argue that the efficiency of the Danish flexicurity Model, which combines high unemployment benefits with low job protection and high participation rate, relies on strong public-spiritedness. We also argue that Continental and Mediterranean European countries are unlikely to be able to...

(english) This last decade has seen the emergence of a new field of research in development economics: randomised control trials. This paper explores the contrast between the (many) limitations and (very narrow) real scope of these methods and their success in sheer number and media coverage....