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Target Zones and Forward Rates in a Model with Repeated Realignments

Bodnar, Gordon M. - 1992

This paper studies the implications of the imperfect credibility of an exchange rate target zone on the term structure of forward premia. The relationship between spot and forward exchange rates of different maturities reflects the possibility of repeated realignments of the exchange rate band....

Persistent link: https://www.econbiz.de/10014396283

Deer Hunting : Misalignment, Debt Accumulation, and Desired Equilibrium Exchange Rates

Taylor, Mark P. - 1993

This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the actual real exchange rate departs from its DEER value, current account realizations--and consequently, debt service obligations--will differ from those assumed in the initial DEER...

Persistent link: https://www.econbiz.de/10014396472

Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off : An Application to French Data

Pommeret, Aude - 2001

This paper aims to measure the risk premium on French equities during 1960-92 and to evaluate how well theoretical models based on various representations of agents'' preferences can explain it. Aside from the standard, time-additive utility function with constant relative risk aversion, three...

Persistent link: https://www.econbiz.de/10014401313

Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France

International Monetary Fund - 1997

This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...

Persistent link: https://www.econbiz.de/10014401626

Aspects of the Monetary Transmission Mechanism Under Exchange Rate Targeting : The Case of France

Levy, Joaquim Vieira Ferreira - 1997

This paper examines monetary transmission in France using the vector autoregression methodology. Interest rates are … Monetary Union and provides evidence concerning the importance of the credit channel in France …

Persistent link: https://www.econbiz.de/10014403359

Labor Tax Cuts and Employment : A General Equilibrium Approach for France

Espinoza, Raphael A. - 2014

elastic around the minimum wage for small changes in employment. The model is calibrated for France and used to estimate the …

Persistent link: https://www.econbiz.de/10014411353

Demand Patterns in France, Germany, and Belgium : Can We Explain the Differences?

Lebrun, Igor - 2014

core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …

Persistent link: https://www.econbiz.de/10014411522

Fiscal Expectations Under the Stability and Growth Pact : Evidence From Survey Data

Poplawski-Ribeiro, Marcos - 2011

France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings … indicate that accuracy of financial expert deficit forecasts increased in France. Convergence between the European Commission …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …

Persistent link: https://www.econbiz.de/10014412192

Linkages in Price Level and Inflation Rate Between Cfa Franc Zone Countries and France

Nuven, Diep - 1994

The price level behaviors of the CFA franc zone countries with respect to the price level of France, defined in terms …

Persistent link: https://www.econbiz.de/10014395826

European Fiscal Harmonization and the French Economy

Perraudin, W. R. M. - 1990

This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face...

Persistent link: https://www.econbiz.de/10014395833