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Trésor-Eco

Trésor-Economics No. 82 - Convergence and "deconvergence" of living standards in the New Member States of the European Union

Rédigé par : DG Trésor 17 décembre 2010

Living standards in the New Member States of the European Union (NMSs) converged very rapidly towards the average European standard of living over the first decade of the new century. In many countries in the region, such as the Baltic countries and Bulgaria, GDP per capita adjusted for purchasing power parities (PPP), which is an indicator for comparing living standards between countries, increas... Lire la suite

Trésor-Eco

Trésor-Economics No. 81 - The global economic outlook in autumn 2010: how are the components of recovery lining up?

Rédigé par : DG Trésor 17 novembre 2010

Since the first stirrings of spring, the advanced economies have entered a phase of moderate recovery. As expected, the first half of 2010 was more buoyant than the latter half of 2009 for most of the world's leading economies, for the eurozone especially. The pickup in activity since summer 2009 rested largely on the recovery in global trade, and in particular on growth in trade with China and em... Lire la suite

Trésor-Eco

Trésor-Economics No. 80 - Toward a more balanced world growth: the possible contributions of the United States, China, Germany and Japan

Rédigé par : DG Trésor 10 novembre 2010

From a macroeconomic standpoint, the 2000s witnessed a significant rise in global imbalances. Between 1998 and 2007, the total of G20 current account deficits and surpluses rose by nearly two trillion dollars. These imbalances have contributed to the seriousness of the economic crisis.At the September 2009 Pittsburgh Summit, the G20 heads of state decided to create a "Framework for Strong, Sustain... Lire la suite

Trésor-Eco

Trésor-Economics No. 79 - What explains the resilience of employment in Germany?

Rédigé par : DG Trésor 10 octobre 2010

Germany's unemployment rate hardly budged during the crisis: it was 7.3% in 2008 and 7.5% in 2009. This contrasts sharply with what happened in the other large countries of the euro zone - increases from 11.4% to 18.0% in Spain, from 7.8% to 9.4% in France, from 6.8% to 7.8% in Italy - and it occurred even though output in Germany declined by far more than the euro zone average. Three factors shed... Lire la suite

Trésor-Eco

Trésor-Economics No. 78 - The employment content of growth in the current U.S. recovery

Rédigé par : DG Trésor 01 octobre 2010

The National Bureau of Economic Research has dated the end of America's "Great Recession" to June 2009, but the very nature of the current U.S. recovery remains uncertain. Growth is fragile; the situation on the labor market remains poor; and any improvement will depend on the strength of economic activity and the job content of the recovery. Historically, throughout the post-war period until the... Lire la suite

Trésor-Eco

Trésor-Economics No. 77 - The decline in industrial employment in France (1980-2007): how to account for it?

Rédigé par : DG Trésor 01 septembre 2010

The decline in industrial employment has affected France like many of the developed economies. It can be pictured in the light of three concomitant trends over the period 1980-2007, namely the decline in industrial employment, a fall in this sector's contribution to GDP and, in parallel, strong growth in the market services sector.French industrial employment fell from 5.3 to 3.4 million jobs over... Lire la suite

Trésor-Eco

Trésor-Economics No. 75 - A more balanced growth for China: challenges and prospects

Rédigé par : DG Trésor 15 juin 2010

Getting gradually a more balanced Chinese growth by fostering consumption is instrumental in achieving global economic stability. Il would help in lowering gradually China's current account surpluses and reducing global imbalances.The stabilisation of China's working population between now and 2015, coupled with the drying up of much of the pool of rural migrants (mainly men aged 18-30), are expec... Lire la suite

Trésor-Eco

Trésor-Economics No. 74 - The opening of France's labour market to new EU member states: an economic primer

Rédigé par : DG Trésor 05 mai 2010

As part of the enlargement of the European Union on 1 May 2004 and 1 January 2007, it was agreed that the fifteen existing member states could introduce transitional provisions to regulate the access of NMS citizens (but those of Cyprus and Malta) to their labour markets.Like most of the "old" member states, France implimented these restrictions opening up gradually its labour market to citizens o... Lire la suite

Trésor-Eco

Trésor-Economics No. 73 - Global economic outlook, winter 2010: the first snowdrops are blooming

Rédigé par : DG Trésor 31 mars 2010

After the great recession of 2008-2009, global activity stabilized in the spring of 2009 and picked up in the summer, when most economies emerged from recession. But the recovery is fragile: in Q4 2009, when the rebound was confirmed in the United States and Japan, activity faltered in most European countries.The economic rebound has been so far driven by stimulus plans and the inversion of the in... Lire la suite

Trésor-Eco

Trésor-Economics No. 72 - The Institutional Profiles Database 2009 (IPD 2009)

Rédigé par : DG Trésor 26 février 2010

The Institutional Profiles Database (IPD) is a database quantifying the institutional characteristics of a set of developing and developed countries. The third IDP was published recently and can be consulted at no charge. It now covers 123 developed, transition and developing countries. Its predecessors, the 2001 and 2006 editions, covered 51 and 85 countries respectively.IPD 2009 has been enriche... Lire la suite