In spite of completely pegged parities inside the euro area, real effective exchange rates have continued to evolve differently across member countries due to inflation discrepancies. In this paper, we assess real exchange rate misalignments for the euro area countries over the period 1980-2010...

[eng] Mimosa, a macroeconomic model of the world economy, jointly built by the CEPII and the OFCE, is now operational. This article presents its main features and describes some monetary and fiscal multipliers. The economies of the six bigger industrialised countries are described in great...

[eng] The article presents the first medium-term projection of the world economy made using MIMOSA, a model built jointly by the CEPII and the OFCE. After the unexpectedly good performance of the world economy in 1988, a period of slow down could take place in 1989/1990, resulting in part from...

[eng] The Reaction Functions of the German, French and English Monetary Authorities Virginie Coudert, Sanvi-Avouyi Dovi, Michel Boutillier, Richard Topol In the achievement of economic policy objectives, one of the key instruments of the national monetary authorities is the setting of the rate...