[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...

[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...

What purpose does the European Monetary System serve? Who benefits from it? Is it a Deutschmark zone? Or could one argue that, despite the asymmetrical positions of France and Germany, the System does serve a certain collective interest? An attempt to answer these questions reveals a basic...