France: Selected Issues

November 3, 2004

Preview Citation

Format: Chicago

France: Selected Issues, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This Selected Issues paper on France underlies public intervention in financial markets. Econometric analysis indicates that in the long term, consumption tracks disposable income closely but is also affected by wealth effects. A counterfactual exercise suggests that a lower return to experience could be responsible for lower early wage growth in France. Increased training could enhance the employment experience of the low-skilled young worker in France provided that its cost is shared between the employer and the employee.

Subject: Central bank policy rate, Consumption, Disposable income, Financial services, Income, Labor, National accounts, Wages

Keywords: Central bank policy rate, Consumption, CR, Credit rate, Disposable income, Durables consumption, Equilibrium consumption path, Europe, Experience profile, Income, ISCR, Policy rate, Property income, Rate, Southern Europe, Wage, Wage growth, Wage profile, Wages, Wealth effect

Publication Details

Pages:

103
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/346
Stock No:

1FRAEA0042004
ISBN:

9781451813623
ISSN:

1934-7685

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