Banque de France Research Paper Series最新文献_第7页

Banque de France Research Paper Series Pub Date : 2016-03-01 DOI: 10.2139/ssrn.2740960

F. Langot, Alessandra Pizzo

引用次数: 7

The Behaviour of French Firms During the Crisis: Evidence from the Wage Dynamics Network Survey 危机期间法国企业的行为:来自工资动态网络调查的证据

Banque de France Research Paper Series Pub Date : 2015-10-01 DOI: 10.2139/ssrn.2677646

Christophe Jadeau, É. Jousselin, S. Roux, G. Verdugo

{"title":"The Behaviour of French Firms During the Crisis: Evidence from the Wage Dynamics Network Survey","authors":"Christophe Jadeau, É. Jousselin, S. Roux, G. Verdugo","doi":"10.2139/ssrn.2677646","DOIUrl":"https://doi.org/10.2139/ssrn.2677646","url":null,"abstract":"In coordination with the ECB and 24 other national central banks of the European Union, the Banque de France interrogated 1150 French firms to understand how the crisis affected their economic environment and their human resources practices during the 2010-2013 period. A majority of workers were employed by firms which indicate that their activity was mostly affected by a decrease in demand considered as long-lasting by more than 40% of them, especially in the construction sector and among small firms. In contrast, less than 20% of firms (weighted by their employment) report that the unavailability of credit had an effect on their activity. Over the period, despite the economic downturn, the amount of total costs increased for 70% of firms (weighted by their employment) mainly through an increase in labour costs and secondly in the cost of supplies. In particular, base wages continued to increase for a large share of firms, suggesting strong downward wage rigidities. Many firms indicate substantial difficulties in adjusting the labour force: throughout the crisis it became more difficult to hire qualified employees, to adjust working hours or to move workers to different job positions. The joint presence of difficulties in finding employees and unemployment growth suggest that structural unemployment increased in France in recent years. Other factors considered as significantly constraining for employment growth by a large majority of firms are uncertainty about economic conditions, risks that labour laws are changed, high payroll taxes and firing costs.","PeriodicalId":101534,"journal":{"name":"Banque de France Research Paper Series","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123422292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 19

Foreign Direct Investment, Military Expenditure and Foreign Aid in Sub-Saharan Africa (Panel Data Analysis) 撒哈拉以南非洲的外国直接投资、军事开支和外援(面板数据分析)

Banque de France Research Paper Series Pub Date : 2015-06-01 DOI: 10.2139/ssrn.3689786

M. A. Workneh

引用次数: 0

Euro Area Structural Convergence? A Multi-Criterion Cluster Analysis 欧元区结构趋同?多准则聚类分析

Banque de France Research Paper Series Pub Date : 2014-01-01 DOI: 10.2139/ssrn.2374369

Delphine M. Irac, Jimmy Lopez

引用次数: 26

Currency Union with and Without Banking Union 有和没有银行联盟的货币联盟

Banque de France Research Paper Series Pub Date : 2013-10-01 DOI: 10.2139/ssrn.2335960

V. Bignon, Régis Breton, Mariana Rojas Breu

引用次数: 15

Commodity Price Volatility and Tax Revenue: Evidence from Developing Countries 商品价格波动与税收:来自发展中国家的证据

Banque de France Research Paper Series Pub Date : 2013-02-01 DOI: 10.2139/ssrn.2225300

H. Ehrhart, S. Guérineau

{"title":"Commodity Price Volatility and Tax Revenue: Evidence from Developing Countries","authors":"H. Ehrhart, S. Guérineau","doi":"10.2139/ssrn.2225300","DOIUrl":"https://doi.org/10.2139/ssrn.2225300","url":null,"abstract":"The recent boom and bust in commodity prices has renewed the policymakers' interest in three complementary issues: i) characteristics and determinants of commodity price instability, ii) its macroeconomic effects and, iii) the optimal policy responses to this instability. This work falls within the scope of studies dedicated to the macroeconomic effects of commodity price instability, but focuses on the impact on public finance, while existing works were concentrated on growth. This paper also differs from the few previous studies on two aspects. First, we test the impact of commodity price volatility rather than focusing only on price levels. Second, we use disaggregated data on tax revenues (income tax, consumption tax and international trade tax) and on commodity prices (agricultural products, minerals and energy) in order to identify transmission channels between world prices and public finance variables. Our empirical analysis is carried out on 90 developing countries over 1980-2008. We compute an index which measures the volatility of the international price of 41 commodities in the sectors of agriculture, minerals and energy. We find robust evidence that tax revenues in developing countries increase with the rise of commodity prices but that they are hurt by the volatility of these prices. More specifically, price short-run volatility of imported commodities hurts tax revenues through trade and consumption taxes, while price medium-run volatility of export hurts tax revenues through both indirect and direct taxes. These findings point at the detrimental effect of commodity price volatility on developing countries public finances and highlight further the importance of finding ways to limit this price volatility and to implement policy measures to mitigate its adverse effects.","PeriodicalId":101534,"journal":{"name":"Banque de France Research Paper Series","volume":"152 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124892731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 19

Optimal Monetary and Prudential Policies 最优货币和审慎政策

Banque de France Research Paper Series Pub Date : 2012-12-21 DOI: 10.2139/ssrn.2192467

F. Collard, Harris Dellas, B. Diba, Olivier Loisel

引用次数: 160

Inventory Investment Dynamics and Recoveries: A Comparison of Manufacturing and Retail Trade Sectors 库存投资动态与复苏:制造业与零售业的比较

Banque de France Research Paper Series Pub Date : 2012-10-01 DOI: 10.2139/ssrn.2161796

F. Bec, Marie Bessec

引用次数: 17

Review of the Arabic Magharib Economic Bloc 审查阿拉伯马格里布经济集团

Banque de France Research Paper Series Pub Date : 2012-04-20 DOI: 10.2139/ssrn.2043095

Issam A.W. Mohamed

{"title":"Review of the Arabic Magharib Economic Bloc","authors":"Issam A.W. Mohamed","doi":"10.2139/ssrn.2043095","DOIUrl":"https://doi.org/10.2139/ssrn.2043095","url":null,"abstract":"The study presents review of the Magharib countries economic bloc which consists of Algeria, Libya, Morocco, Tunisia and Mauritania. The feasibility of that economic bloc concludes its potentials. There comparative advantages for each county to integrate with the others in production factors and products, surplus labor in Mauritania and shortages in Libya, surplus agricultural production in Morocco and Tunisia, Morocco and shortages in Mauritania and Libya, energy surplus in Libya and shortages in Mauritania, Tunisia and surplus in Libya. However, the review of the institutional structure of its dynamics reveals that it is politically controlled and it is more or less motivated by individual country impulses. De facto application of trade enhancements and motivation do not exist. Economic boundaries, e.g., trade taxation and tariffs reduce possible exchange without economic sense. I hereby conclude that the main hindrance of potentiating trade and transference, e.g., cross border, tariffs and production factors. Different political regimes seem to be the primary hindrance which reduces chances of economic development. I propose here that such condition cannot support the modus operandi of that economic bloc and that joining the French African Economic Bloc will do better in integrating economies of those West African countries.","PeriodicalId":101534,"journal":{"name":"Banque de France Research Paper Series","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116198654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Are Forecast Combinations Efficient? 预测组合是否有效?

Banque de France Research Paper Series Pub Date : 2012-04-14 DOI: 10.2139/ssrn.2039670

Pablo M. Pincheira

引用次数: 8