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decline of defined-benefit schemes and the multiplication of tax-sponsored personal savings accounts in the private sector …
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La microfinance a fait l’objet d’un colloque organisé par la Banque de France en juillet 2011. Les participants ont souligné son utilité comme outil d’inclusion financière, de développement économique et de lutte contre la pauvreté en s’appuyant sur les expériences des pays du...
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Les impôts et les transferts en espèces réduisent en France les inégalités de revenu plus que dans beaucoup d’autres pays de l’OCDE en raison de la taille importante des flux concernés. Mais le système est complexe dans son ensemble. Son efficacité pourrait être améliorée à bien...
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environment without commitment. A savings account is introduced into the self-enforcing risk-sharing model of Thomas and Worrall … (1988). The risk averse agent's savings play the role of a collateral, thereby improving consumption smoothing. Furthermore …, the optimal use of the savings account relaxes the other agent's self-enforcing constraints. These results depend on the …
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The aim of this paper is to build and estimate a macroeconomic model of credit risk for the French manufacturing sector. This model is based on Wilson's CreditPortfolioView model (1997a, 1997b); it enables us to simulate loss distributions for a credit portfolio for several macroeconomic...
Persistent link: https://www.econbiz.de/10008509927
Interprovincial migration has increased significantly in Canada since 2003. This article develops a methodology to estimate total output gains due to interprovincial migration from two sources: gains due to increased employment, and gains due to re-allocation of workers between provinces with...
Persistent link: https://www.econbiz.de/10005292738