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These Technical Notes on France explain integration of global financial markets. The stress tests for the France … constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in … France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models …
Persistent link: https://www.econbiz.de/10014405967
French government. France has a large and sophisticated financial system, which accounts for 10 percent of the global banking …
Persistent link: https://www.econbiz.de/10014406033
This Selected Issues paper first explains the recent increase in trend growth and then discusses how labor market and tax policies could best sustain it. This study calculates French trend growth estimating simultaneously a Cobb–Douglas production technology and total factor productivity. The...
Persistent link: https://www.econbiz.de/10014406168
Over the past several years, implementation of IMF recommendations has been lacking not so much in intention as in pace and timing owing to political economy considerations and a strong social preference for publicly provided services. The discussions focused on how to foster a durable economic...
Persistent link: https://www.econbiz.de/10014406169
This Selected Issues paper for France provides an analytical framework to explain the consequences of the downward … question of fiscal benefits of job-rich growth in France during 1997–2000 …
Persistent link: https://www.econbiz.de/10014406202
This 2005 Article IV Consultation highlights that the cyclical recovery of the French economy was interrupted in the first half of 2005, as previously strong domestic demand faltered and the external sector continued to exert a drag on growth. In 2004, growth was faster and more...
Persistent link: https://www.econbiz.de/10014406229
Persistent link: https://www.econbiz.de/10011913687
This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at …
Persistent link: https://www.econbiz.de/10014401203
This paper aims to measure the risk premium on French equities during 1960-92 and to evaluate how well theoretical models based on various representations of agents'' preferences can explain it. Aside from the standard, time-additive utility function with constant relative risk aversion, three...
Persistent link: https://www.econbiz.de/10014401313
This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...
Persistent link: https://www.econbiz.de/10014401626