Tresor-Economics - Trésor Info | Direction générale du Trésor

Trésor-Eco

Tresor-Economics No. 95 - International trade integration and consumer prices in Europe, 1998-2008

Rédigé par : DG Trésor 23 novembre 2011

By encouraging economies to specialize in sectors where they enjoy a comparative advantage, globalization has helped restrain price rises for many goods. In most of the OECD countries this effect has been relatively modest on the overall consumer price index (some 0 to ¼ of a percentage point annually since 2000) but it has proved to be far greater for goods widely traded in the international mark... Lire la suite

Trésor-Eco

Trésor-Economics No. 94 - Do PhDs have difficulty finding work in corporate R&D?

Rédigé par : DG Trésor 09 novembre 2011

Unemployment is high among people with doctorates in France, both in relation to other graduate categories and by comparison with PhDs in other countries. The rate varies widely from one subject area to another, however. The unemployment rate for people with university doctorates in mechanical, electronic, computer engineering and engineering sciences is low, being close to that for engineering sc... Lire la suite

Trésor-Eco

Trésor-Economics No. 93 - Learning from the first globalisation (1870-1914)

Rédigé par : DG Trésor 12 octobre 2011

The current globalization, which began in the 1970s, is not unprecedented: between 1870 and 1914, the opening of national economies went hand in hand with a rapid expansion of trade and investment beyond national borders. The period also saw financial crises comparable to those of the late twentieth and early twenty-first centuries.As for goods markets, the first globalization was characterized by... Lire la suite

Trésor-Eco

Trésor-Economics No. 92 - Diagnosing youth unemployment

Rédigé par : DG Trésor 05 octobre 2011

The recent crisis has again drawn attention to the difficulties young people face in finding work. Unemployment for the 15-24 age group was 22.8% in first quarter of 2011 (versus 8.4% for 25-49 year-olds).This non-prescriptive study seeks to identify the difficulties young people face when entering the labour market by analysing available indicators and school-to-work pathways.The unemployment rat... Lire la suite

Trésor-Eco

Trésor-Economics No. 91 - How will 2010 pensions reform contribute to the sustainability of public finances after the crisis?

Rédigé par : DG Trésor 25 juillet 2011

The economic crisis of 2008-2009 has increased pressure on the public finances of most developed countries, against a background of ageing populations, adding to doubts as to their sustainability.A country's public finances are considered to be sustainable when it is capable of funding its public debt over the very long term with no change of policy. Sustainability depends on both short and long-t... Lire la suite

Trésor-Eco

Trésor-Economics No. 90 - Why has investment resumed in France despite low capacity utilization rates?

Rédigé par : DG Trésor 08 juillet 2011

French industry's capacity utilization rate has picked up progressively, after falling sharply during the crisis. Even so, in early 2011 it was still well below its long-term average. Yet despite this under-utilization of existing stock of capital, non-financial corporations resumed investing as early as the second quarter of 2010, and even as early as fourth-quarter 2009 for productive investment... Lire la suite

Trésor-Eco

Trésor-Economics No. 89 - A prospective study of second-generation biofuels: an analysis of their economic and environmental efficiency

Rédigé par : DG Trésor 23 juin 2011

Biofuels are currently the primary substitutes for fossil fuels. As the first generation of biofuels, made from food crops, have come under heavy fire in recent years, attention has turned towards second-generation biofuels, mainly biodiesel and bioethanol, which are made from various kinds of plant matter (e.g. whole plants, lignin or perennial grasses, agricultural and forestry residue). As thes... Lire la suite

Trésor-Eco

Trésor-Economics No 88 - Implicit tax rate on corporate income in France

Rédigé par : DG Trésor 22 juin 2011

Corporate income tax (CIT) is usually seen as a tax levied at the statutory rate of 33.33%. However, assessment rules, reduced rates, tax smoothing procedures, and other variations in the tax base do require a more comprehensive study of other indicators to estimate the true tax burden on businesses. One of the most telling indicators, particularly for international comparisons, is the implicit ta... Lire la suite

Trésor-Eco

Trésor-Economics No. 87 - Emerging countries' foreign exchange reserves and accumulation strategies

Rédigé par : DG Trésor 15 juin 2011

The emerging countries' net foreign assets have been expanding faster than those of the developed countries, since 2004, thanks to larger trade surpluses and capital inflows than previously. Today they represent two thirds of world foreign exchange reserves. China and the other emerging Asian economies, with fairly rigid exchange regimes, hold the bulk of these reserves.These reserves have enabled... Lire la suite

Trésor-Eco

Trésor-Economics No. 86 - Neither deflation nor inflationary spiral in the United States: what can be learnt from a sectoral model of core inflation

Rédigé par : DG Trésor 18 mai 2011

Opinions on the inflation outlook diverge in the United States. The economic recovery, rising energy prices, and the current monetary policy of the Federal Reserve (Fed) now lead some observers to predict an "inflationary spiral." For others, the under-utilization of productive capacity, high unemployment, household debt reduction, and a still-troubled real-estate market suggest the opposite scena... Lire la suite