[eng] For this issue focused on the euro, each author has been asked to answer the following question : « What do you believe will be the main developments that are likely to affect, and possibly transform, the euro area and its functioning over the next ten years ? ». The whole set of...

This Letter du CEPII draws on the meeting of the fifth Asia-Europe Economic Forum held in Tokyo on 25 March 2010. The forum brought together a broad range of participants including policymakers, academic experts and private sector specialists. This year, the agenda focused on reforms, national...

[fre] Au cours des vingt dernières années, l'économie française s'est ouverte de plus en plus aux échanges internationaux, la structure par produits de son commerce extérieur s'est modifiée, son taux de couverture s'est dégradé, son endettement extérieur s'est accru. Quelles sont les...

[eng] The External Implications of a Single Currency . The advent of a European currency will have considerable effects on the world economy. One of the most visible consequences will be competition between the Ecu and the dollar as international currencies. The substitution of the Ecu for...

The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s....

The competitiveness of countries and that of firms are different concepts. EU GDP is stable at two-thirds of the US, but productivity growth has lagged since the 1990s. The EU does better on wealth equality and clean-tech export shares. The EU faces two supply-side disadvantages: high energy...