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In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the ""quantity"", ""international comovement"",...
Persistent link: https://www.econbiz.de/10014397271
France's recent economic performance has been distinctly positive, supported by policy reforms over a number of years …. Improving long-term economic performance depends crucially on significant reductions in France's high tax burden. Effective …
Persistent link: https://www.econbiz.de/10014402325
France’s near–term economic outlook is moderately positive, but clouded by risks from the global environment. The … government’s reformist intentions provide an historic opportunity to place France onto a sustained higher growth path with …
Persistent link: https://www.econbiz.de/10014403115
The staff report gives details of some selected issues of France, namely its credit developments, systematic linkages … developments of France's external competitiveness, and also the evolution of its export performance after the 2008 financial crisis …
Persistent link: https://www.econbiz.de/10014403551
The export performance of the French economy relative to its own past and relative to a major trading partner, Germany, has deteriorated. The risk analysis indicates that French firms have seen a significant improvement in the corporate health, and seem resilient to the recent financial shock...
Persistent link: https://www.econbiz.de/10014404491
Persistent link: https://www.econbiz.de/10014404605
U.S. shocks explain a large part of French output common components. This paper analyzes the economic implications of two alternative welfare financing reforms: a reduction in payroll taxes funded by an increase in consumption taxes, and the other funded by a new levy on business value added....
Persistent link: https://www.econbiz.de/10014404706
France’s economic short-term outlook is positive, and long-term prospects have improved. Fiscal adjustment remains high …
Persistent link: https://www.econbiz.de/10014404839
This 2009 Article IV Consultation highlights that the global financial crisis and the contraction of world trade have pulled the French economy into a severe recession and put its financial sector under strain. Structural features combined with early policy action have helped soften the...
Persistent link: https://www.econbiz.de/10014406677
This Selected Issues paper on France underlies public intervention in financial markets. Econometric analysis indicates … counterfactual exercise suggests that a lower return to experience could be responsible for lower early wage growth in France …. Increased training could enhance the employment experience of the low-skilled young worker in France provided that its cost is …
Persistent link: https://www.econbiz.de/10014406928