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Inflation And Unemployment In France
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Book Synopsis Inflation and Unemployment in France by : Jean Marczewski
Download or read book Inflation and Unemployment in France written by Jean Marczewski and published by Greenwood. This book was released on 1978 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph analysing the impact of inflation on unemployment in France - discusses the causes and characteristics of inflation, the evolution of costs (particularly the cost of living and production costs), consumption and wages, inflation in the agricultural sector, and the dependence of inflation on import volume. Graphs, references and statistical tables.
Book Synopsis Inflation and Unemployment in a Monetary Union by : Michael Carlberg
Download or read book Inflation and Unemployment in a Monetary Union written by Michael Carlberg and published by Springer Science & Business Media. This book was released on 2008-07-15 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The European central bank has a quadratic loss function. The same applies to the German government and the French government. The key questions are: To what extent can the sequential process of monetary and fiscal decisions reduce the loss caused by inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal decisions? The present book is part of a larger research project on European Monetary Union, see the references given at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association, at the International Conference on Macroeconomic Analysis, at the International Institute of Public Finance, and at the International Atlantic Economic Conference. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Göttingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, at the Research Seminar on Economics in Kassel, and at the Passau Workshop on International Economics.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1498359914 Total Pages :68 pages Book Rating :4.4/5 (983 download)
Book Synopsis France by : International Monetary Fund. European Dept.
Download or read book France written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-07-12 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the causes and potential remedies for structural unemployment in France. Structural unemployment in France has long been elevated, and appears to have edged up further since the crisis. This reflects both demand and supply factors, including: high labor taxes, wage stickiness, a growing skill gap, hysteresis effects from the crisis years, a lengthy period of elevated economic uncertainty, inactivity traps created by the unemployment and welfare benefit systems, and demographic factors that have pushed up the labor force. The cyclical recovery is projected to bring down the unemployment rate only slowly. Reducing labor tax wedges can increase both output and employment.
Book Synopsis France by : International Monetary Fund
Download or read book France written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-01-07 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper addresses the question of what policy changes in France are needed under European Monetary Union (EMU), as regards the role of fiscal policy in stabilizing the economy. The fiscal strategy over the past two and a half decades is reviewed, and, against this background, an assessment is offered concerning the role and scope of fiscal stabilizers in France under EMU. The main conclusions is that over the past two and a half decades, fiscal policy operated in a clear countercyclical way in France, but this reflected essentially the functioning of automatic stabilizers.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1513518666 Total Pages :31 pages Book Rating :4.5/5 (135 download)
Book Synopsis France by : International Monetary Fund. European Dept.
Download or read book France written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-07-10 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes expenditure reforms in France. After decades of rising public spending and successive tax increases, the medium-term fiscal consolidation path described in the 2015 Stability Program is now fully expenditure based. However, recent efforts of nominal spending containment have not delivered the intended savings in the context of low growth and inflation. A thorough review of the efficiency of public spending could help prepare more fundamental reforms of spending programs and processes to underpin a lasting reduction in expenditures, which reached a record high of 57.2 percent of GDP in 2014.
Book Synopsis Does Banque De France Control Inflation and Unemployment? by : Ivan Kitov
Download or read book Does Banque De France Control Inflation and Unemployment? written by Ivan Kitov and published by . This book was released on 2013 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: We re-estimate statistical properties and predictive power of a set of Phillips curves, which are expressed as linear and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several relationships were estimated eight years ago. The change rate of labour force was used as a driving force of inflation and unemployment within the Phillips curve framework. Following the original problem formulation by Fisher and Phillips, the set of nested models starts with a simplistic version without autoregressive terms and one lagged term of explanatory variable. The lag is determined empirically together with all coefficients. The model is estimated using the Boundary Element Method (BEM) with the least squares method applied to the integral solutions of the differential equations. All models include one structural break might be associated with revisions to definitions and measurement procedures in the 1980s and 1990s as well as with the change in monetary policy in 1994-1995. For the GDP deflator, our original model provided a root mean squared forecast error (RMSFE) of 1.0% per year at a four-year horizon for the period between 1971 and 2004. The same RMSFE is estimated with eight new readings obtained since 2004. The rate of CPI inflation is predicted with RMSFE=1.5% per year. For the naive (no change) forecast, RMSFE at the same time horizon is 2.95% and 3.3% per year, respectively. Our model outperforms the naive one by a factor of 2 to 3. The relationships for inflation were successfully tested for cointegration. We have formally estimated several vector error correction (VEC) models for two measures of inflation. In the VAR representation, these VECMs are similar to the Phillips curves. At a four year horizon, the estimated VECMs provide significant statistical improvements on the results obtained by the BEM: RMSFE=0.8% per year for the GDP deflator and ~1.2% per year for CPI. For a two year horizon, the VECMs improve RMSFEs by a factor of 2, with the smallest RMSFE=0.5% per year for the GDP deflator. This study has validated the reliability and accuracy of the linear and lagged relationships between inflation, unemployment, and the change in labour force between 1970 and 2012.
Book Synopsis Inflation and Unemployment in France, 1973-1981 by : Susan Hahne
Download or read book Inflation and Unemployment in France, 1973-1981 written by Susan Hahne and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Why is Unemployment in France So High? by : Mr.Reza Moghadam
Download or read book Why is Unemployment in France So High? written by Mr.Reza Moghadam and published by International Monetary Fund. This book was released on 1994-05 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and persistent unemployment, as well as its composition, e.g., high youth unemployment, suggests underlying structural problems in the French labor market. Comparisons with other industrial countries, as well as time series and cross-section empirical evidence, point to a number of potential causes of structural unemployment in France. These Include the generosity of long-term relative to short-term unemployment benefits, the minimum wage, the level of employers’ tax wedge, skills mismatch, and the cost of capital. The paper assesses recent labor market measures in France that are considered, on the whole, as a step in the right direction, and puts forward a number of additional possible measures which could help to ensure that when the economic recovery gathers pace, unemployment will decline more quickly and more substantially than in the past.
Book Synopsis Paper Money Inflation in France by : Andrew Dickson White
Download or read book Paper Money Inflation in France written by Andrew Dickson White and published by . This book was released on 1882 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book France written by Paul R. Masson and published by International Monetary Fund. This book was released on 1995-10-20 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: France has undergone major transformations since 1985. The French economy has achieved a degree of price and exchange rate stability similar to Germany's. However, recent recession has highlighted some severe structural problems. The unemployment rate has risen to levels that were previously unknown in post-war France, and the decline in growth from the abnormally high levels of the late 1980s revealed serious fiscal imbalances that go beyond mere cyclical deficits. Clearly, France faces major challenges as it enters the second half of the decade, including the integration of its economy with those of its European neighbours. The study contained in this work treats issues of central concern to the French economy's prospects until the end of the century and beyond.
Book Synopsis Studies of French Post-war Inflation by : Giuseppe Roberto Franco
Download or read book Studies of French Post-war Inflation written by Giuseppe Roberto Franco and published by . This book was released on 1971 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiat Money Inflation in France by : Andrew Dickson White
Download or read book Fiat Money Inflation in France written by Andrew Dickson White and published by CreateSpace. This book was released on 2010-03-01 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Fiat Money Inflation in France" by Andrew Dickson White provides an entertaining slice of financial history that is worryingly relevant today. In the first chapter, White explains the situation in France of 1789: the French Revolution was in the air, the national debt was severe, and irredeemable paper money (not backed by the gold standard) was in use. Soon inflation was rampant, people were starving, and businesses were ruined. Politicians blamed the "greedy" shopkeepers, who were then robbed, fined, imprisoned or even executed for raising their prices. As Andrew Dickson White shows so well in "Fiat Money Inflation in France," by May of 1791 the country showed all the classical signs of disorder due to extreme inflation. As the 1790's progressed, the financial chaos in France continued. By February of 1792 money was worthy only half of what it was in April 1790. Legal price controls, which were introduced in 1793, failed as citizens were urged to spy for personal gain on those who dared to undermine the absurd money laws. Fines, imprisonment, and the guillotine were implemented in an effort to frighten he populace into compliance, but to no avail. As "Fiat Money Inflation in France" records, by 1796 the printing presses, plates, and paper for assignats were publicly broken and burned, and church bells were stolen and melted to mint small change. By that time, a gold `Louis' worth $25 francs face value, exchanged for 15,000 francs in paper money. By 1997, France's mandats and assignats were virtually worthless and abandoned, as gold and silver began to spontaneously reappear in use. Unemployment began to fall, but by that time, France was bankrupt and Napoleon Bonaparte was rising to power, vowing that France would never use irredeemable paper money again. According to Andrew Dickson White in "Fiat Money Inflation in France," it took forty years for the economy to recover.
Download or read book France, Selected Issues written by and published by . This book was released on 2005 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :European Commission. Directorate-General for Economic and Financial Affairs Publisher : ISBN 13 : Total Pages :46 pages Book Rating :4.F/5 ( download)
Book Synopsis Macroeconomic Imbalances by : European Commission. Directorate-General for Economic and Financial Affairs
Download or read book Macroeconomic Imbalances written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2012 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 14 February 2012, the European Commission presented its first Alert Mechanism Report (AMR) in accordance with the Regulation (EU) No. 1176/2011 on the prevention and correction of macroeconomic imbalances. The AMR serves as an initial screening device to identify Member States that warrant further in depth analysis into whether imbalances exist or risk emerging. According to Article 5 of Regulation No. 1176/2011, these country-specific ?in-depth reviews? should examine the nature, origin and severity of macroeconomic developments in the Member State concerned, which constitute, or could lead to, imbalances. On the basis of this analysis, the Commission concludes whether it considers that an imbalance exists or not, and if so whether it is excessive or not, and what type of follow-up it will recommend to the Council to address to the Member State. This in-depth review concludes that France is experiencing serious macroeconomic imbalances, which are not excessive but need to be addressed. In particular, certain macroeconomic developments in the areas of export performance and competitiveness deserve attention so as to reduce the risk of adverse effects on the functioning of the economy.
Book Synopsis Inflation, Unemployment, Labor Force Change in European Countries by : Ivan Kitov
Download or read book Inflation, Unemployment, Labor Force Change in European Countries written by Ivan Kitov and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Linear relationships between inflation, unemployment, and labor force are obtained for two European countries - Austria and France. The best fit models of inflation as a linear and lagged function of labor force change rate and unemployment explain more than 90% of observed variation (R2 greater than 0.9). Labor force projections for Austria provide a forecast of decreasing inflation for the next ten years. In France, inflation lags by four years behind labor force change and unemployment allowing for an exact prediction at a four-year horizon. Standard error of such a prediction is lower than 1%. The results confirm those obtained for the USA and Japan and provide strong evidences in favor of the concept of labor force growth as the only driving force behind unemployment and inflation.
Book Synopsis OECD Economic Surveys: France 2021 by : OECD
Download or read book OECD Economic Surveys: France 2021 written by OECD and published by OECD Publishing. This book was released on 2021-11-18 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: The French economy rebounded quickly following the COVID-19 crisis, in particular thanks to the acceleration of the vaccination campaign and strong public support measures. Rapid and effective implementation of the recovery and investment plans would help support stronger and more sustainable growth.
Book Synopsis Policy Competition and Policy Cooperation in a Monetary Union by : Michael Carlberg
Download or read book Policy Competition and Policy Cooperation in a Monetary Union written by Michael Carlberg and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: European monetary unification seems to be one of the most important events in international monetary affairs since the breakdown of Bretton Woods. It pos es a major challenge to central banks, governments, and labour unions. It opens up new fields of economic research that are both intriguing and fascinating. European Monetary Union amounts to a switch of regime. Surely the Mundell Fleming model of the open economy does no longer apply to Germany or France. The effects of shocks and policies on output and prices should have changed dramatically in size. Some of them should even work in the opposite direction now. The present book is part of a larger research project on monetary union, see Carlberg (1999, 2000, 2001, 2002, 2003). Some parts of this project were presented at the World Congress of the International Economic Association in Lisbon. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association in Klagenfurt, at the Pass au Workshop on International Economics, at the Halle Workshop on Monetary Economics, and at the Research Seminar on Macroeconomics in Freiburg. Moreover, book reviews were published in the Economic Journal, Kyklos, the Journal of Economics, and the Journal of Economics and Statistics.
