[eng] Optimal local Tax Rates and Gradual Adjustment Process: do Clubs of Towns Exist in France? . by Alain Guengant and Christophe Tavéra . This paper proposes an econometric study of the hypothesis of the gradual adjustment of tax rates voted in by town councils to the optimal rates wanted by...

[eng] We evaluate the influence of international goods trade on the transmission of macroeconomic shocks among European countries. We model business-cycle interdependence as a constrained VAR process. Empirical results show a close link between shock transmission and bilateral trade shares....

[eng] Since 2004, French local governments have been running deficits and have moved deeper into debt, making it harder for general government to comply with the fiscal rules of the Maastricht and Amsterdam Treaties. The growing concern over the local governments’ fiscal sustainability calls...

[eng] Root unit and transformation of non-stationary series: General Presentation and Application to the Agricultural Series, . by Christophe Tavéra.. . Many agricultural studies use time-series models which require that data series must first be made stationary. The problem is that choosing an...