The recent rise in oil prices has brought concern about its eventual impact on economic growth. However, empirical studies seem to be reassuring. Actually, the link between oil prices and GDP growth estimated since the mid 80s is not as strong as it was before the mid 80s. Several explanations...

Until the current economic crisis, the recovery capacity of the American and French labour markets had often been compared. The United States had been considered more "resilient", namely more affected by cyclical shocks in the short term but more quickly coming back to their initial path in the...