[eng] Exchange rate, inflation and interest rate : a model. . The aim of this paper is to clarify the mechanisms involved in a flexible exchange rates regime for a medium size country like France and to discuss the characteristics of present economic adjustments. The paper is based on a model of...

In this paper we would like to shed some more light on these aspect of European policy coordination both through the use of a simple analytic model and through an empirical evualuation of the potential gains of superior European strategies.

[fre] Réduire la durée du travail, quelles conséquences? - Sur les conséquences d'une baisse de la durée du travail les jugements les plus contrastés sont portés : certains y voient la panacée à la montée du chômage, d'autres une menace pour la compétitivité des entreprises...

Uncoordinated macroeconomic policies lead to 'beggar thy neighbour' strategies which are clearly suboptimal for the European Community as a whole. Given the high degree of interdependence of their economies, European governments have a clear incentive to export their inflation or their...