Tresor-Economics - Trésor Info | Direction générale du Trésor

Trésor-Eco

Trésor-Economics No. 195 - Impact of foreign exchange policies for commodity-exporting countries

Rédigé par : DG Trésor 28 mars 2017

Commodity prices plummeted between 2014 and 2016. Oil prices fell by half, mineral prices were down by approximately one-third and agricultural raw materials prices tumbled by 20%. Despite the recent upturn in prices, low prices have done considerable damage to exporting countries' current account balances, especially countries without diversified economies.Commodity-exporting countries adjusted i... Lire la suite

Trésor-Eco

Trésor-Economics No. 194 - The world economy in spring 2017: a gradual improvement amid high uncertainty

Rédigé par : DG Trésor 23 mars 2017

After a two-year slowdown, world economic activity should quicken in 2017, continuing at a milder pace in 2018. This acceleration will likely be driven both by the advanced economies–particularly the United States-and the emerging economies, as conditions in Russia and Brazil improve.In the United States, after a slack in 2016, economic growth should gain momentum in 2017 and 2018 thanks to the ne... Lire la suite

Trésor-Eco

Trésor-Economics No. 193 - Patents and Technical Standardisation: how to balance Competition and Innovation?

Rédigé par : DG Trésor 16 mars 2017

Patent systems were developed to spur innovation. Patents grant their owner a temporary monopoly on the use of the patented technology. Without a patent system (or other means of stimulating innovation), the inventor cannot fully capture the profits resulting from the innovation, and the devoted effort is insufficient. Consequently, patents encourage innovation in exchange for a temporary restrict... Lire la suite

Trésor-Eco

Trésor-Economics No. 192 - The G20's accomplishments, 10 years after the crisis

Rédigé par : DG Trésor 07 mars 2017

The Group of Twenty (G20) was created to deal with international economic and financial challenges that require coordination that extends beyond the group of developed countries. After the 2007-2009 crisis, the G20 became the leading forum for multilateral economic and financial cooperation. The G20 initiated coordinated fiscal and monetary stimulus plans on a very large scale. It also decided to... Lire la suite

Catégories :
Tresor-Economics
G20

Trésor-Eco

Trésor-Economics No. 191 - Overcoming student difficulties at school

Rédigé par : DG Trésor 28 février 2017

France has achieved four of the six objectives in the European Union's strategic framework for Education and Training 2020 (ET2020), namely: reducing the school dropout rate to below 10%, ensuring that over 40% of persons aged 30-34 have a tertiary degree, enrolling over 95% of children aged 4 to 6 in early childhood education, and providing lifelong learning for over 15% of adults.However, in eac... Lire la suite

Catégories :
Tresor-Economics
Education

Trésor-Eco

Trésor-Economics No. 190 - A contribution to the work on the strengthening of the euro area

Rédigé par : DG Trésor 09 février 2017

The euro is an economic and political project like no other. Today, 340 million people across 19 Member States use on a daily basis a stable and credible currency. The euro is the second most commonly held reserve currency, accounting for one-quarter of all holdings worldwide. The economic and financial crisis triggered a raft of reforms that sought to make the Economic and Monetary Union (EMU) mo... Lire la suite

Catégories :
Tresor-Economics
Zone-euro

Trésor-Eco

Trésor-Economics No. 189 - Composition and allocation of the distributable surplus in France since the crisis

Rédigé par : DG Trésor 18 janvier 2017

The analysis of the distributable surplus examines how the benefits of growth are shared. The distributable surplus is the share of GDP growth available for improving the real remuneration of the factors of production. It is therefore the share of growth not used to remunerate the increase in the volume of factors of production. The surplus is composed of productivity gains and the change in the a... Lire la suite

Trésor-Eco

Trésor-Economics No. 188 - Unemployment benefits in France compared to European practices

Rédigé par : DG Trésor 29 décembre 2016

Unemployment insurance is not necessarily the only protection against involuntary loss of employment. Indeed, in many European countries, unemployment benefits are only part of the replacement income for the jobseekers. These benefits may be supplemented with other social transfers, such as housing benefits and family allowance, and/or specific tax reductions.Cross-country comparisons of public fi... Lire la suite

Trésor-Eco

Trésor-Economics No. 187 - Economic analysis of the Paris Agreement

Rédigé par : DG Trésor 21 décembre 2016

While traditional economic approaches in international climate agreements differ in some respects, they are all based on three main principles:- Universality: Because the causes and consequences of climate change are global, all countries must participate in efforts to reduce greenhouse gas emissions, with no free riders.- Efficiency: To achieve the greenhouse gas (GHG) reduction objective at leas... Lire la suite

Trésor-Eco

Trésor-Economics No. 186 - Economic risks and rewards for first-time sovereign bond issuers since 2007

Rédigé par : DG Trésor 28 novembre 2016

(Update on June 15, 2017)Back in 1989, the Brady Plan enabled developing countries to extricate themselves from a solvency crisis that had severely hampered their growth throughout the 1980s. Under the Plan bank loans to these countries were exchanged for bonds with lower face values and longer maturities. The success of the Plan marked a turning point for middle-income countries (MICs). They star... Lire la suite