[eng] Due to the likely ageing of the French population over the coming decades, the future financing of the current public, « pay-as-you-go » pension system is quite worrisome. If the currently foreseen stagnation of the population materializes, a choice will have to be made between keeping...

[eng] Intra-cis trade and payments . . Within the former Soviet Union, interdependencies of the production sectors of the member Republics were particularly strong. The breakdown of the Union has aggravated the already marked tendency for inter-Republican trade to contract, with very serious...

[eng] The dramatic political and institutional changes now occurring in the Soviet Union are likely to have profound consequences on income distribution amongst households, as well as amongst Republics. Even before the onset of the current reform wave had been initiated by M. Gorbatchev, the...

[fre] Les réformes mises en œuvre en Russie dans le cadre de la transition vers l'économie de marchés ont engendré une détérioration sensible des conditions de vie de la population. Les hausses consécutives à la libération des prix décrétée en janvier 1992, la persistance d'une...

[eng] The forthcoming enlargement of the European Union (EU) to Central and Eastern European Countries (CEECs) will, in many respects, constitute an unprecedented move : no such an increase in size has taken place since Denmark, Ireland and the UK joined in 1972 ; moreover, CEECs' economies all...

This paper attempts at providing a survey of the different models of individual decision making within the household. The first section reviews the traditional approach to household decision making and emphasize its weaknesses. In addition to the standard assumption of selfish agents, other...

[eng] Born some twenty years ago, the New Classical school has induced the development of a new research program, systematically applying the neo-classical methods of intertemporal, general-equilibrium analysis to macroeconomic issues. New classical economists are characterized by a preference...

Under the Articles of the Confederation, the central government of the United States had limited power to tax. Therefore, large debts accumulated during the US War for Independence traded at deep discounts. That situation framed a US fiscal crisis in the 1780s. A political revolution ?for that...