Labor regulations are important determinants of resource allocation, productivity, and labor market outcomes. They can protect workers’ rights, enhance job security, and improve working conditions. However, overly restrictive regulations can also increase business costs, becoming barriers to...

This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model features a forward-looking benevolent government that needs to decide the optimal fiscal stance given the level of public debt, the cyclical position of the economy, and...