In this paper, we seek to determine whether the recent increase in commodity prices, and especially in prices of food products, reflects a regime switch towards higher price levels. Accordingly, we use a Kalman filter and a Markov-switching model in order to analyze the evolution of...

The aim of this article is to study the vulnerability of the New-Caledonian economy from the analysis of the historical trajectories of genuine saving and its component linked to natural capital. To this end, we calculate New-Caledonia's genuine saving, in accordance with the World Bank's...

</titre> The aim of this article is to study the vulnerability of the New-Caledonian economy from the analysis of its genuine saving. The calculation of the genuine savings shows that at first glance the New-Caledonian economy doesn?t show vulnerability signs over the period 1970-2007. However, the...