This short paper starts from two contributions written by economists in late 2007 and early 2008 which plead for :(i) improved public governance in French-speaking Balgium, and (H) « responsible solidarity » within Belgium, together with improved coordination of policies. The paper argues that...

Conventional models of earnings assume that the occupational pay structure reflects the distribution of marginal productivities. Although ubiquitious in the literature, the underlying hypothesis that wages equal marginal products rests on weak empirical footing: extant studies from the 1970s...

This paper analyses the adjustment mechanism in the euro area prior to the crisis. Results show that the real exchange rate adjusted to redress cyclical divergences and that after monetary unification, real exchange rate dynamics became less reactive to country-specific shocks but also less...