The housing market is a central macroprudential policy concern in France due to the significant proportion of residential property loans in bank balance sheets and the high weight of housing in household wealth. The surge in house prices at the start of the 2000s means we cannot rule out the...

This report presents a structural analysis of the Ghanaian economy, an outlook of its recent evolution and growth estimations for 2001 and 2002. Ghana holds a special position in West Africa, because of its strong economic growth during the last twenty years and its flexible exchange rate...

The article studies the conceptions of causality encountered in macroeconometrics. From an empiricist standpoint, it is natural to privilege measurements of phenomenal associations, spread over a period of time, between series of data. This method has made a major comeback since the 1970s,...

This text is drawn from a talk given on October 2 on the occasion of the inauguration of the chair in “Ecological Reconversion, Work, Employment and Social Policy” at the Collège d’Études Mondiales, in collaboration with the University of Paris-Dauphine.

Le texte constitue un extrait de la conférence inaugurale de la Chaire « Reconversion écologique, travail, emploi, politiques sociales » du Collège d’études mondiales, mise en place par la Fondation Maison des sciences de l’homme en coopération avec l’Université Paris Dauphine....

The wind of democratisation, which has been blowing across Sub-Saharan Africa for the last decade, must be considered as a superb opportunity for public statistics. The increase in power of the civil society and the liberation of the media have opened up a dynamic public space where statistics...

Turkey featured a somewhat paradoxical evolution in income distribution between 1994 and 2005. During 1994-2002 (marked by the 2000-2001 financial crisis), growth was pro-poor in the sense that the income of the poor decreased less than the income of the well-off. Between 2002 and 2005, the...

L’étude analyse les principaux déterminants du taux de change réel et modélise les effets de la politique de change du Cameroun sur ses équilibres externe et interne. Après une brève revue de la littérature sur les travaux sur les taux de change réel. Les techniques d’analyse de la...

This paper sets out an analytical framework for optimal asset allocation of sovereign wealth, based on the theory of contingent claims analysis applied to the sovereigns economic balance sheet. A country solves an asset-liability management problem involving its sources of income and its...