The Banque de France organised a workshop entitled “Algorithmic and high-frequency trading” on 8 November 2013, in order to understand the consequences of the automation of trading and underscore the challenges that this technological revolution poses for regulators.

Labour market conditions deteriorated sharply as a result of the crisis. This first AMSE-Banque de France annual conference provided an opportunity to discuss labour market reform.

In this paper, we look at the pace at which firms adjust their employment levels as a measure of “microeconomic flexibility.” Flexibility aids in creative destruction processes,where less efficient establishments recede and dynamic firms can rapidly expand. Following the techniques used by...

The Banque de France organised a workshop entitled “Algorithmic and high-frequency trading” on 8 November 2013, in order to understand the consequences of the automation of trading and underscore the challenges that this technological revolution poses for regulators.

Considering the most recent changes in the pension systems in Europe, this article aims to evaluate whether there is any relationship between the employment rates of older cohorts and the employment and unemployment rates in the youngest cohorts of a productive age. Its key finding is that there...

In this paper, we look at the pace at which firms adjust their employment levels as a measure of “microeconomic flexibility.” Flexibility aids in creative destruction processes,where less efficient establishments recede and dynamic firms can rapidly expand. Following the techniques used by...

The recession of 2008-2009 inflicted a larger cumulative loss of UK output than any of the other post-war recessions. Nevertheless, employment rates remained higher than might have been expected given the experience of previous recessions. The main reasons for this appear to be a combination of...

Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased. Getting people...