[eng] Iterdependence of economies under flexible exchange rates : the contributions of dynamic model. . This paper present a dynamic model in order to analyse interdependence between two identical countries under flexible exchange rates. The dynamic process is depending on slow adjustment of...

[eng] Public deficits in europe : causes, consequences, or remedies to the crisis ?. The view according to which the growth of public deficits and debts in Europe would be the primary cause for high real interest rates is of little sense in the low-demand context Europe has experienced since...

[eng] The choice of the intermediate target in an overdraft economy. . In recent years, monetary authorities in implementing their policies have selected different monetary or financial aggregates for targetting. This paper studies the consequences of the choice of different financial aggregates...

[eng] Exchange rate, inflation and interest rate : a model. . The aim of this paper is to clarify the mechanisms involved in a flexible exchange rates regime for a medium size country like France and to discuss the characteristics of present economic adjustments. The paper is based on a model of...

[eng] Inflation and wage-price feed-back . Michèle Debonneuil et Henri Sterdyniak. This article starts front the idea that no theory of inflation can be based solely on economic agents rational behavior : their inflationary illusions have to be taken into account, as well as market...

[eng] Phillips curve and WS-PS model, a restatement. . Breaking with the empirical practice of Phillips Curves characterised by a negative influence of the unemployment rate on growth rate of nominal wages, the « new unemployment theories » have tried to restate the concept of equilibrium rate...

[fre] Le métier de modélisateur multinational. . Cet article présente les principaux problèmes que posent la construction et l'utilisation des modèles macro-économétriques multinationaux. Il montre les disparités qui existent entre les différents modèles multinationaux. Il met l'accent...

[fre] Pour en finir avec la masse monétaire. . La diminution du rôle de la monnaie comme actif de transaction et la disparition de la distinction entre actifs monétaires et non monétaires empêchent les Banques centrales de fixer le taux d'intérêt à partir de l'évolution d'un agrégat...