This paper aims at giving a theoretical background to the, some- times observed, puzzling inverse correlation between the degree of de- centralization and economic growth. We provide evidence that there is some interaction between decentralization and corruption in ex- plaining growth. Within an...

This paper aims to analyse the nature of the gap in high tech industries between the United States and the EMU countries, and to investigate the link between cost competitiveness and market share in these industries. We examine the empirical evidence to ascertain whether some tentative...

Un grand nombre de travaux empiriques ont été réalisés pour tenter d’évaluer l’impact sur l’emploi des exonérations de cotisations sociales patronales sur les bas salaires (dispositif « Fillon »). Comme nous l’observerons dans la première partie de l’article consacrée à une...

La crise de la zone euro a mis au grand jour la question des déséquilibres courants qui s’étaient amplifiés jusqu’en 2007. Un débat s’est engagé depuis pour déterminer l’origine de ces déséquilibres, certains y voyant le résultat d’une divergence accrue en matière de...

In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...

This year the G's are meeting at a critical moment in history, at least economic and social history. They will confront the gravest economic and social crisis in almost 80 years. To paraphrase Keynes, the destiny of the world is in the hands of the members of the G's. They could act in such a...

This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913. We use a...

This paper describes recent trends on the efficiency of stabilisers in the European Union. Using both macro evidence on the cyclical sensitivity of budget deficit to economic activity, and micro evidence on the tax and expenditure profiles, we conclude, in agreement with the recent literature,...

This paper presents the family of the Keynes+Schumpeter (K+S, cf. Dosi et al, 2010, 2013, 2014) evolutionary agent-based models, which study the effects of a rich ensemble of innovation, industrial dynamics and macroeconomic policies on the long-term growth and short-run fluctuations of the...