The article examines the sensibility of economic growth to macroeconomic volatility, and the impact of financial development on volatility for a sample of 85 countries and OECD countries over two periods covering 1975 to 2006. In that purpose, we implented nonstationary panel techniques that...

The reduction of global imbalances observed during the climax of crisis is incomplete. In this context, currencies realignments are still proposed to ensure global macroeconomic stability. These realignments are based on equilibrium rates derived from equilibrium exchange rate models. Among...

This article analyses the distributional impact of remittances across two regions of Algerian emigration (Nedroma and Idjeur) using an original survey we conducted of 1,200 households in 2011. Remittances and especially the role played by foreign pensions decrease the Gini index by nearly 4 %...

One observes a tendency to the increase in the middle class whatever the criterion of membership adopted. However the criteria of membership of the middle class are far from achieving the unanimity in the economists and the importance of the middle class varies according to authors'. With a...

In this paper we use the notion of distributable surplus, introduced by Allais (1943) and Luenberger (1992), to evaluate the capacity of European countries to repay their debts. In our analysis, we use Computable General Equilibrium (CGE) models to simulate di erent policies that can be...

The euro zone crisis illustrates the insufficiency of adjustment mechanisms in a monetary union characterized by a large heterogeneity. Firstly, the paper gives an evaluation of exchange rate misalignments inside the euro zone, using a FEER approach (Jeong, Mazier and Saadaoui, 2010). Using...

Cet article analyse les impacts de l'introduction de frais d'inscription à l'Université Paris 9 Dauphine sur les parcours des étudiants recrutés par cette université. Les données que nous utilisons sont issues de la base de données SISE qui recense de manière exhaustive les inscriptions...

International trade of cultural goods has gained considerable importance over the last decade and has been dominated by rich countries. Meanwhile, trade in cultural goods is considered as a potential threat to cultural diversity, and development process is interpreted as a westernization...

In this paper, we study the higher education financing based on the classical contributory versus self-funded pension funding scheme. We provide a brief discussion of how a system based on student debt can be seen 'funded' and why it fails to ensure equity and efficiency and funding for the...

The literature on exchange rate misalignments is very extensive as well as the literature on exchange rate determinants. To our knowledge, however, no study has analyzed the determinants of exchange rate misalignments. As huge capital inflows have been pouring into emerging countries since the...