[eng] Interest Rates, Monetary Policy and Economic Activity in France: An Empirical Investigation, . by Frédérique Bec and Jean-Olivier Hairault.. . The properties of these elements are studied in terms of the cointegration of product in volume, a monetary aggregate, a price index and a...

[eng] This paper offers an examination of the impact of globalisation on macroeconomic volatility in Western countries using a two-good, two-country stochastic dynamic general equilibrium model. These countries differ mainly in the proportions of skilled and unskilled workers that they possess....

Recent studies on general equilibrium models with transaction costs show that the dynamics of the real exchange rate are necessarily nonlinear. Our contribution to the literature on nonlinear price adjustment mechanisms is threefold. First, we model the real exchange rate by a Multi-Regime...

This paper explores the existence of a bounce-back effect in inventory investment using the European Commission opinion survey on stocks of finished products in manufacturing and retail trade sectors for France, Germany and a European aggregate, from 1985q1 to 2011q4. Our empirical findings...

This paper explores empirically the link between stocks returns Value-at-Risk (VaR) and the state of financial markets across various holding horizons. The econometric analysis is based on a self-exciting threshold autoregression setup. Using quarterly French and US data from 1970Q4 to 2012Q4,...