[eng] Growth and employment the scope of an European initiative Jacques Drèze, Edmond Malinvaud et Alii Executive Summary 1. Since almost twenty years now, European unemployment is a major social problem and the sign of significant underutilisation of resources at a time of substantial unfilled...

[eng] Presidential address for the Twelfth World Congress of the International Economic Association, summarising semi-formally the author's recent work and concerns. Uncertainty and incomplete markets breed demand volatility as well as price and wage rigidities. The conjunction of these leads to...

We propose an objective for the firm in a general model of production economies extending over time under uncertainty and with incomplete markets. Trading in commodities and shares of stock occurs sequentially on spot markets at all date-events. We derive the objective of the firm from the...

L'arbitrage entre équité et efficacité en matière d'emploi et de salaires est abordé de deux manières. D'une part, un modèle simple permet d'analyser les conditions qui rendent la politique de salaire minimum un instrument plus efficace de redistribution que les taxes et les transferts....

Can European economics become "the most dynamic and competitive in the world"? Using readily accessible data, this paper documents the following aspects. (i) Today, the United States outperforms Europe by a factor of the order of 3, with no clear trend; the Lisbon goal is not in sight. (ii)...