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Persistent link: https://www.econbiz.de/10005636042
La mondialisation a contribué au ralentissement de l’inflation via une intensification de la concurrence. Mais la convergence des cycles économiques et la pression des émergents sur les marchés de matières premières peuvent créer de nouveaux risques pour la stabilité des prix.
Persistent link: https://www.econbiz.de/10009220181
Le 5ème symposium international de la Banque de France a porté sur les effets de la globalisation sur l’inflation et les récentes turbulences financières, ainsi que sur leurs éventuelles implications pour la conduite de la politique monétaire.
Persistent link: https://www.econbiz.de/10009225692
La mondialisation de l’économie s’est accompagnée sur les vingt dernières années d’une baisse généralisée de l’inflation. Cet article décrit les possibles canaux de transmission de la mondialisation à l’inflation et propose une estimation empirique de l’impact agrégé des...
Persistent link: https://www.econbiz.de/10009201072
We investigate the effects of the euro on French exporters. We build three margins corresponding to the decision of exporting, the number of products exported to each destination, and the average value of exports by product, that compose the expected value of exports of each individual firm on a...
Persistent link: https://www.econbiz.de/10005062881
The majority of independent nations today were part of empires in 1945. Using bilateral trade data from 1948 to 2006 …, we examine the effect of independence on post-colonial trade. On average, there is little short run effect of trade with … the colonizer (metropole). However, after three decades trade declines more than 60%. We also find that trade between …
Persistent link: https://www.econbiz.de/10005406556
We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical...
Persistent link: https://www.econbiz.de/10008528504
This article aims at estimating leading indicators of the American economy with financial variables. We use two types of hidden Markov chains models, a quantitative one (Krolzig (1997)) and a qualitative one (Gregoir and Lenglart (2000)). These models provide a robust and reliable framework to...
Persistent link: https://www.econbiz.de/10005056509
French Abstract: La crise de la zone euro illustre les carences des mécanismes d'ajustements dans une union monétaire caractérisée par une forte hétérogénéité. Cette situation reflète un diagnostic simple. Au niveau de l'ensemble de la zone, l'euro est proche de son taux d'équilibre....
Persistent link: https://www.econbiz.de/10012974961
explained by the variation in factor returns linked, on one hand, to trade induced changes in labour demand and, on the other …
Persistent link: https://www.econbiz.de/10005342003