French GDP is expected to fall slightly in 2013(-0.2%)and recover by a modest 0.6% in 2014. Five years after thestart of the crisis, the French economy has a strong potential for recovery: GDP could grow spontaneously by2.6%per year on average in 2013 and 2014. But this spontaneousrecovery...

According to the NAK, Keynesian fiscal stabilisation policies have no favourable impact on output. This view is widely spread in Europe where public deficits and debts are judged excessive, which would raise interest rates and depress output (private agents anticipating future higher taxes)....

This paper provides an outline of the first EUROFRAME conference on fiscal policies in the European Union held in Paris, 4 June 2004. Seven topics were addressed: 1) Assessment of European fiscal policies since 1990. 2) Fiscal policy effectiveness: any evidence of anti-Keynesian effects? 3)...