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...

This paper studies the nonlinear adjustment between industrial production and carbon prices – coined as ‘the carbon-macroeconomy relationship’ – in the EU 27. We model carbon price returns and industrial production as nonlinear and state-dependent, with dynamics depending on the sign and...

This paper attempts to empirically explore the effects of trade liberalization process in Tunisia on average real wages and wage inequality, via industry rents. For this purpose, we adopt, following Revenga (1997), a flexible model of wage setting that can accommodate both the presence of...

This paper provides an analysis of co-movements between real and financial variables in three new EU member countries (the Czech Republic, Hungary and Poland) and the euro area. It focuses on the co-movement between real credit granted to firms and real industrial output on the one hand, and...