Dans un modèle à deux pays et à horizon infini, dans lequel la mobilité du capital est imparfaite, on présente une analyse dynamique de la transmission internationale des chocs qui affectent les dépenses publiques. Trois types de financements d'une augmentation des dépenses publiques sont...

The aim of this paper is to examine common trends and common cycles in Belgian Sectoral output series. A multivariate technique proposed by Engle and Issler [1995] allows to deal with series which simultaneously contain common trends and common cycles. An application of their methodology for...

Within the context of a macroeconometric rationing model the importance of rationing for international trade flows is investigated. The model describes rationing barriers on domestic and foreign markets which lead to spillover effects on domestic imports and exports. The novelties of this study...

In this paper we empirically investigate a possible transmission of the European business cycle to Sub-Saharan Africa’s economies. This linkage may be of interest because the EMU is the main trading partner of African countries, and many of these countries use the euro as either the official...

We examine proposals to introduce national insurance against unevenly distributed shocks in the European Community. This insurance would operate differently from tax and government spending activities that now yield regional insurance within countries, since these activities are mainly designed...

This article deals with cooperation issues in international pollution problems in a two dimensional dynamic framework implied by the accumulation of the pollutant and of the capital goods. Assuming that countries do reevaluate at each period the advantages to cooperate or not given the current...

L'article analyse la coopération monétaire en Europe comme une coalition (au sens de la théorie des jeux) au sein de l'économie mondiale. Le modèle de Canzoneri et Henderson sert de point de départ ; il est enrichi, notamment par la prise en compte d'une fonction de création de la monnaie...

Using an updated version of the CWS model (introduced by Eyckmans and Tulkens in Resource and Energy Economics 2003), this paper intends to evaluate with numbers the respective merits of two competing notions of coalition stability in the standard global public goods model as customarily applied...

Dans un modèle à deux pays où on considère le policy-mix en réponse à des chocs, on examine la question de savoir si le gain résultant de la coordination des politiques budgétaires entre pays est plus élevé en union monétaire qu'en change flexible. On montre tout d'abord que...

We develop a simple open-economy AK model with collateral constraints that accounts for growth-reversal episodes, during which countries face abrupt changes in their growth rate that lead to either growth miracles or growth disasters. Absent commitment to investment by the borrowing country,...