Cette étude constitue une enquête sur un ensemble de procédés par lesquels les gouvernements ont, dans les années récentes, contraint le secteur privé à leur consentir des prêts. La Section I définit le champ de l'étude. L'emprunt forcé est par définition l'opération par laquelle...

A new type of monetary policy rule designed to achieve both price and output stability has increasingly been recommended during the last business cycle expansion, prior to the 2007 crisis. This type of rule implies "active" reaction functions. Based on the new Keynesian approach to monetary...

Debt and deficits are considered by some to be a major economic problem, indeed one that threatens the stability of the US economy with serious, possibly catastrophic, consequences for the world economy. What is it that leads some countries into large and continuing budget or trade deficits?...

"This paper considers the purposes that regulation and supervision of financial institutions are designed to serve. Historical experience with regulation and supervision is considered, and it is argued on the basis of that examination that a fairly 'light touch' in regulation is likely to...