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Why is the gender wage gap in Japan so large compared with France? : a comparison based on decomposition analysis

Hori, Haruhiko; Nohara, Hiroatsu - HAL - 2006

countries : France, an industrialized country where the disparities between sexes are outstandingly small, and Japan, where they … are particularly large. It is also proposed to explore the reasons why the male/female wage gap is so large in Japan in … markets in Japan and France. When it comes to the gender wage gaps, it is necessary to take the general structure of wages and …

Persistent link: https://www.econbiz.de/10008790464

New-Consensus Macroeconomic Governance in a Keynesian world, and the Keynesian alternative

Asensio, Angel - HAL - 2006

The paper presents both the New Consensus and Keynesian equilibrium within the usual fourcompetitive macro-markets structure. It gives theoretical explanations of the perniciouseffects that the NCM governance, which has been designed for ergodic stationary regimes,brings about in Keynesian...

Persistent link: https://www.econbiz.de/10008789572

Monetary and budgetary-fiscal policy interactions in a Keynesian heterogeneous monetary union

Asensio, Angel - HAL - 2006

The paper studies the effects of heterogeneity upon the monetary and fiscal-budgetary policy interactions in a Keynesian monetary union. As a result of interactions, some of our results contrast sharply with the ones in studies that consider separately monetary, fiscal and budgetary policies....

Persistent link: https://www.econbiz.de/10008792215

Monetary and budgetary-fiscal policy interactions in a Keynesian context: revisiting macroeconomic governance

Asensio, Angel - HAL - 2005

Because it was designed for efficient stationary regimes, the New-Consensus Macroeconomic governance carries several drawbacks when implemented in Keynesian non-ergodic regimes. As long as Keynesian unemployment is interpreted in terms of 'natural' rate, it serves as a macroeconomic policy...

Persistent link: https://www.econbiz.de/10008792469

The macroeconomic governance of the European Monetary Union: A Keynesian perspective

Asensio, Angel - HAL - 2005

Extending Asensio's closed-economy framework (2005a,b) to a monetary union, we show that theprinciples of governance which emanate from the so called "New Consensus in Macroeconomics"(NCM), and therefore have been designed for presumed stationary regimes, may cause severedysfunctions, such as...

Persistent link: https://www.econbiz.de/10008792744

Economic consequences of the financial crisis - A Keynesian point of view

Asensio, Angel - HAL - 2008

The paper discusses the possible economic consequences of the financial crisis from a (Post)Keynesian point of view. It examines the forthcoming depressive mechanisms, including the orthodox reactions of monetary and fiscal authorities, in the vein of those inferred in Europe by the mandate of...

Persistent link: https://www.econbiz.de/10008794314

Quantitative easing works: Lessons from the unique experience in Japan 2001-2006

Girardin, Eric; Moussa, Zakaria - HAL - 2010

Japanese monetary policy during the "lost" decade and quantify the effect of quantitative easing on Japan's activity and prices …

Persistent link: https://www.econbiz.de/10008794832

Forecasting the skills needs and developing the coordination between actors : statements and comments

Méhaut, Philippe - HAL - 2006

Finland and France share some common characteristics regarding the labour market situation and trends : a high level of unemployment (respectively 8.4% and 9.5%), a low rate of employment among the 55-65 and the 15-24 age groups (for the latter mainly due to a “full time” educational model),...

Persistent link: https://www.econbiz.de/10008790996

The Bank of France and the Open-Market instrument: an impossible wedding?

Barbaroux, Nicolas - HAL - 2014

In the aftermath of the sovereign debt criss, open-market interventions prevailed within the central bank's policy answers known under the label unconventional monetary policy measures. During interwar period, France was an isolated case, among the leading countries, by everlastingly rejecting...

Persistent link: https://www.econbiz.de/10010933149

Rational Bubbles and Macroeconomic Fluctuations: The (De-)Stabilizing Role of Monetary Policy

Clain-Chamosset-Yvrard, Lise; Seegmuller, Thomas - HAL - 2013

We are interested in the occurrence of expectation-driven fluctuations of a rational bubble and the (de-)stabilizing role of monetary policy. Our explanation of fluctuations is based on credit market imperfections. For this purpose, we consider an overlapping generations exchange economy where...

Persistent link: https://www.econbiz.de/10010933831