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Articles in English

Five urgent challenges for Le Cercle des économistes : Final declaration REAix2018

...This initiative would have a clear status, a budget, a formalized agenda, a defined scope of intervention and would obviously be given the means to function. - Improving the functioning of the WTO to make it more efficient and simple, notably in terms the Dispute Settlement Body (DSB). We...

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Concordia is the daughter of Mars (USA) and Venus (Europe)

...you look at the different countries. Now the budget. We have a huge deficit, and I am very glad that Paul Wolfowitz said that he was encouraged by Gleneagles, but we have a large defense budget, that priority was made and the question is whether President Bush is going to be able to live up...

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Options for a Euro-area fiscal capacity

...However, a monetary union requires some form of budget for fiscal stabilisation in case of shocks, and as a backstop to the banking union. This paper compares four quantitatively different schemes of fiscal stabilisation and proposes a new scheme based on GDP-indexed bonds. The options...

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Should the G20 agree to current-account balance targets?

...to be pulled to prompt an adjustment. Unlike the budget balance, the current account balance results from the aggregation of a myriad of individual decisions. To correct it may require fiscal action or changes in the social security system, the structure of taxation, the regulation of product and...

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