Auteur/autrice : Jamel SAADAOUI

Les accords de libre-échange : quels sont les enjeux pour l’UE ?

Cette étude est une tentative de mise en perspective des enjeux des accords de libre-échange pour l’Union européenne (UE). Dans une première partie sont utilisés les acquis de la littérature empirique pour analyser cette question de manière agnostique. Pour commencer, il apparaît que la causalité entre croissance économique et ouverture commerciale n’est sans doute pas univoque. Dans un second temps, sur le plan macroéconomique, l’ouverture commerciale n’est pas une condition suffisante pour enclencher un processus de développement économique et d’amélioration de son niveau. Quant à savoir s’il s’agit d’une condition nécessaire, la littérature empirique ne permet pas de trancher. Troisièmement, sur le plan microéconomique, les études qui confirment...

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A few thoughts about the euro

This is it! You now need 1 dollar to buy 1 euro. To get this picture below, I used the FRED connection with Mathematica 13.1, as I explained it in a previous blog. The Wolfram documentation is very clear and self-explaining. You have to register on the FRED website. Beyond these practical aspects, let us come back to the economic meaning of the parity between the euro and the US dollar. Between 2000 and 2003, the euro was below the one dollar threshold, the late John Williamson explained in this article that is it was only a stochastic blip. The rest of the 2000s seem...

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Europe’s Hamiltonian moment… Again

In these dark times of ’Coronacoma’ for the World Economy, the European Monetary Union is on the brink…Again. This time, it could be truly different. Countries opposed to any kind of debt mutualization properly ordered hinder de facto the achievement of a federal leap that it is desperately needed to complete the monetary union. Without this giant leap, there are real risks of implosion for the eurozone and, even, the whole EU. This brief note tries to explain why the US historical experience could be inspiring for Europeans in a situation where the concept of radical uncertainty is especially...

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Europe’s Hamiltonian moment… Again

In these dark times of ’Coronacoma’ for the World Economy, the European Monetary Union is on the brink…Again. This time, it could be truly different. Countries opposed to any kind of debt mutualization properly ordered hinder de facto the achievement of a federal leap that it is desperately needed to complete the monetary union. Without this giant leap, there are real risks of implosion for the eurozone and, even, the whole EU. This brief note tries to explain why the US historical experience could be inspiring for Europeans in a situation where the concept of radical uncertainty is especially...

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