This paper shows that the Fed reacts to change in spreads between corporate bond yields and government bond yields over and beyond their information content on future inflation and future activity. This result, obtained in a GMM framework, is confirmed by simulation methods. Moreover, when...

The quarterly industrial investment survey constitutes one of the main sources of information for the short-term economic analysis of industrial firms investment. However, its main questions are annual. Therefore, the use of this surveys results for the forecasting of investment on a quarterly...

This article studies the impact of monetary policy on real economy in Europe through a particular transmission mechanism: the credit channel. The credit channel is based on the existence of information asymmetries in financial markets that change the agents financing conditions. According to the...

In France the female labor force participation has doubled over the last thirty years. But at the same time part-time work and unemployment developed considerably. So it is not sure that the female labor force participation measured by the number of hours worked still increases. Subsequently the...

Trying to ascertain scientifically the existence and importance of gender-based salary discrimination runs into conceptual and technical difficulties, the implications of which are not always fully appreciated: depending on the approach used, our analysis of a large sample for Switzerland in...

We apply several recently proposed tests for structural breaks in conditional variance and covariance dynamics. The tests apply to both the class of ARCH and SV type processes and allow for long memory features. We also apply them to data-driven volatility estimators using high-frequency data...

The purpose of this article is to study the trends in per capita productivity in several major industrialised countries. The analysis is first based on annual data over a long period spanning the entire 20th century for the United States, France and the United Kingdom. Productivity trends are...

Au lendemain de la transition démocratique, les autorités guinéennes ont misé davantage sur les flux entrants d'investissements directs étrangers (IDE) en tant que source alternative de financement de l'économie. Or, les résultats escomptés restent nettement inférieurs au potentiel du...

Depuis le début des années 2000, le taux d'investissement a fléchi, tiré par la baisse de l'investissement des entreprises. Son niveau est faible par rapport à celui d'autres pays émergents. Les principales causes sont : des réglementations excessives sur le marché des produits,...