[eng] Optimal local Tax Rates and Gradual Adjustment Process: do Clubs of Towns Exist in France? . by Alain Guengant and Christophe Tavéra . This paper proposes an econometric study of the hypothesis of the gradual adjustment of tax rates voted in by town councils to the optimal rates wanted by...

[eng] We evaluate the influence of international goods trade on the transmission of macroeconomic shocks among European countries. We model business-cycle interdependence as a constrained VAR process. Empirical results show a close link between shock transmission and bilateral trade shares....

[eng] Root unit and transformation of non-stationary series: General Presentation and Application to the Agricultural Series, . by Christophe Tavéra.. . Many agricultural studies use time-series models which require that data series must first be made stationary. The problem is that choosing an...

[eng] Inter-municipal cooperation in France involved more than 80 % of municipalities and inhabitants in 2006. There is a wide choice of legal and financial options for cooperation but their impact on municipal spending behavior is controversial, hence this study. We provide two results. First,...