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...

The author explains how self-enforcing labour contracts can enhance the performance of macroeconomic models. He exposes the benefits of using these dynamic contracts to account for some puzzling macroeconomic facts regarding the dynamics and persistence of employment, consumption and output. In...

Tax cuts create simultaneously a lack of tax receipts and more savings ready to be changed into public bonds and compensate this shortage of tax revenue. A part of tax resources is replaced by borrowing and those who are enjoying tax cuts are also receiving interest from government. The...

In this article an overview of the German macroeconomic performance in the last decade is stressed; extraordinary recovery of the German productivity and successes of the foreign trade face depressed domestic demand and a still worrying situation in the labour market. This article attempts to...

Dans les débats sur la zone Euro et son élargissement, l’accent est souvent mis sur le problème de l’hétérogénéité entre les pays. Mais les difcultés à se coordonner ne provi- ennent pas nécessairement de la disparité entre les pays, tout au moins si le nombre de pays est...

Within the context of circuit theory, we show that the works of Sraffa are still relevant and form, together with those of Keynes, the foundations of the post-classical paradigm in construction. Sraffa brings his production prices theory and stresses on social conflicts. Keynes provides, through...

This paper has two aims. Firstly, it has a pedagogical object : it talks about the theoretical controversies about value, relation between value, accumulation of capital and economic development. The Solow's model of growth, its criticism from Cambridge and the expression of production prices,...

Since the beginning of the 1970s, the questions related to ecology come in the forefront and progressively led to the adoption of the concept of sustainable development, which now appears to be a new world-wide objective. We argue that numerous writings of Keynes contain the premises of such a...

The objective of this paper, which synthesizes various researches, is twofold. First, starting from empirical studies, we show that development policies implemented since the beginning of the international debt crisis of 1982 led to a failure, showing that the Washington consensus based approach...