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26th of April 2023

The Circular Relationship Between Productivity Growth and Real Interest Rates

Working paper n°734. In most advanced economies, both real interest rates a...

Bayesian VAR Forecasts, Survey Information and Structural Change in the Euro Area

Working paper n°733. We incorporate external information extracted from the...

Objectives and instruments of the Banque de France’s research patronage

Billet n°138. La Banque de France mène une politique de mécénat pour la rec...

The new silk road: opportunities and challenges for Europe

Post n°137. Launched in September 2013 by the Chinese authorities, the “new...

Central Bank Digital Currency: One, Two or None?

Working paper n°732. This paper considers the motives, modalities, and poss...

Non-resident holdings of French CAC 40 shares at end-2018

Bulletin n°225, article 7. At the end of 2018, non-residents held EUR 557 b...

Economy

International financing

13th of April 2023

Are financial variables a useful complement for GDP nowcasting?

Post n°136. Severe financial market stress can result in significant errors...

Eco Notepad

Economic developments

25th of April 2023

Why have strong wage dynamics not pushed up inflation in the euro area?

Bulletin n°225, article 6. The recent weak core inflation in the euro area,...

French non-money market investment funds: a sharp decrease in outstanding amounts in 2018

Bulletin n°225, article 5. In 2018, and for the first time since 2011, Fren...

Economy

International financing

14th of April 2023

The income balance: a boost for France’s current account

Post n°134. The primary income surplus has been growing for several years. ...

The Credit Mediation Scheme: 10 years of service to businesses and the economy

Bulletin n°225, article 4. The Credit Mediation Scheme for Businesses was s...

Secured and Unsecured Interbank Markets: Monetary Policy, Substitution and the Cost of Collateral

Working paper n°730. We study the substitution between secured and unsecure...

Draining bad loans in China: bad banks are not enough

Post n°133. Amid slowing growth and corporate deleveraging, State intervent...

The circulation of euro banknotes and coins in 2018: robust growth driven by non-euro area countries and cash hoarding

Bulletin n°225, article 2. Demand for euro banknotes and coins remains robu...

The French trade balance over the past 40 years: what are the drivers?

Post n°132. The trade balance as a share of GDP reflects decisions regardin...

Eco Notepad