L'organisation de l'UEM repose sur plusieurs principes: l'independance de la Banque central a la quelle on affecte l'objectif d'inflation, l'absence de coordination des politiques budgetaires entre elles et avec la politique monataire, enfin l'encadrement de la politique budgetaire par des...

L'organisation de l'UEM repose sur plusieurs principes: l'independance de la Banque central a la quelle on affecte l'objectif d'inflation, l'absence de coordination des politiques budgetaires entre elles et avec la politique monataire, enfin l'encadrement de la politique budgetaire par des...

L'organisation de l'UEM repose sur plusieurs principes: l'independance de la Banque central a la quelle on affecte l'objectif d'inflation, l'absence de coordination des politiques budgetaires entre elles et avec la politique monataire, enfin l'encadrement de la politique budgetaire par des...

We investigate the effect of different channels through which input trade liberalization affects firms’ export decisions. We develop a trade model with heterogeneous firms and sectors of varying imported input intensity that reproduces different mechanisms through which the access to foreign...

Do variations in labor market institutions across countries affect the cross-border organization of the firm? Using firm-level data on multinationals located in France, we show that multinational firms are more likely to import intermediate inputs from external independent suppliers instead of...

The Japanese yen in 2012 remains 25 percent above its value in 2007. Exports, industrial production, and stock prices crashed after 2007 and have yet to regain their pre-crash values. This paper investigates the contribution of the yen appreciation to this economic disaster. Evidence from...

Despite increasing capital mobility and the subsequent difficulty in controlling exchange rates, intermediate exchange-rate regimes have remained widespread, especially in emerging and developing economies. This piece of evidence hardly fits the "impossible Trinity" theory arguing that it...