Monetary policy

which meets annually to discuss social and labour questions. Over the years, the ILO has issued for adoption by member States a widely respected code of international labour Conventions and Recommendations on freedom of association, employment, social policy, conditions of work, social security, industrial relations and labour administration, among others. The ILO provides expert advice and technical assistance to member States through a network of offices and multidisciplinary teams in over 40 countries

viable and environmentally-friendly farming industry by providing financial support for farming methods that protect and enhance Scotland’s landscape, habitats, wildlife and historic environment. More recently, a part of the Common Agricultural Policy (CAP) has defined standards for good agricultural and environmental conditions. Among those standards are included standards that Scotland has to reach in order to solve several issues such as the prevention of soil erosion, the characteristics of

caractéristique des économies de marché, et qu’il appartient au gouvernement qui les observe d’en compenser les effets ; (3) la cohérence de la politique budgétaire et de la politique monétaire dans la poursuite des objectif macro-économiques, à travers un policy-mix approprié ; (4) la politique budgétaire et la politique monétaire ne sont pas nécessairement suffisantes pour réaliser à la fois le plein emploi et la stabilité des prix. Les Keynésiens ne sont pas disposés à appeler « plein emploi » le taux de

Economic Review 40(2), pp 289-329. BURNSIDE, C. and D. DOLLAR (1998). “Aid, The incentive Regime, and Poverty Reduction”, Policy Research Working Paper, WPS1937, 06-98, World Bank. BURNSIDE, C. and D. DOLLAR (2000). “Aid, Policies, and Growth.” American Economic Review 90, n°4 (September), pp 847-68. CHAUVET, L. and P. GUILLAUMONT (2002), “Aid and Growth Revisited : Policy, Economic Vulnerability and Political Instability”, Paper present at the Annual Bank Conference or Development Economics

pp. 69-85. EDWARDS S. (1993), "Openness, Trade Liberalization, and Growth in Developing Countries", Journal of Economic Literature, Vol. X)OU, September, pp.1358-1393. FISCHER S (1993), « the role of macroeconomic factors in growth”, journal of monetary economics 32. FONDS MONETAIRE INTERNATIONAL (1994), Statistiques financières internationales, annuaire, IMF publications, Washington D.C. FONTAINE J.M. (1992), réformes du commerce extérieur et politique de développement, Presses Universitaires

inflation, croissance, données de panel, non linéaire, seuil, régime, optimum, cycle Abstract This paper’s aims are to analyze the relationship between inflation and economic growth in UEMOA economic zones and to make recommendations for economic policy. Threshold model regression in panel data is the methodology therefore used. The results show that the rate of inflation makes significant non-linear effects on the rate of economic growth. They highlight two thresholds, three main regimes and two

extensive evidence, but it is often overlooked in the literature, giving rise to the weak relationships found in some studies. We then control for a wide variety of other factors that influence growth, including income level, institutional quality, trade policy, inflation, budget deficits, life expectancy, location in the tropics, and the incidence of civil war. Our results show that each of these variables is strongly related to growth, with the exceptions of initial income and budget deficits.A positive

de mésalignements ; cointégration ; stabilité ; dirham marocain. 1 The Exchange Rate Determinants in Morocco: An Empirical Investigation Abstract: One of the most important instruments of economic policy of the opened countries is the exchange rate. It is considered both a mean of monetary regulation and a tool of outside competitiveness. Morocco plans to adopt the floating exchange rate regime, in the end of 2009. Indeed, the question which arises today is to know what type of floating exchange

were not dismayed. Not only did they believe that greater flexibility of exchange rates was a good thing; they also believed that they understood reasonably well how the new system would work. They were wrong. The last 20 years of the international monetary system have involved one surprise after another, most of them unpleasant, all of them forcing economists to scramble to keep up with new issues and unexpected turns in old ones. ” (Krugman, 1992) a) Considérations micro-économiques L’une des raisons

document de travail Insee, G 2001/04. Johansen F. (1994), « Investment and Financial Constraints », discussion paper, Research dpt, Statistics Norway. Bernanke B. et Gertler M. (1995), « Inside the Black Box: The Credit Channel of Monetary Policy Transmission », Journal of Economic Perspectives, 109(4), pp. 27-48. Kaplan S. et Zingales L. (1997), « Do Financing Constraints Explain why Investment is Correlated with Cash Flow ? », Quaterly Journal of Economics, 112(1). Bernanke