Category archives: Publications de la chaire et du réseau de chercheurs

Financial improvisations during World War I in France: Issues of liquidity

Article de Bertrand Blancheton. Abstract This article highlights the improvisations in financial management during World War I. The option of a moratorium on bank deposits to the detriment of rediscount reflected a refusal to allow the Banque de France to fulfil its role of lender of last resort. The precipitated choice of a preference for […] Lire plus

“Does military expenditure crowd-out private investment? A disaggregated perspective for the case of France”

Article de Julien Malizard accepté pour publication dans Economic Modelling. “This article explores the effects of military expenditure on private investment in France, for between 1980 and 2010. Using a keynesian model, our empirical results reveal that military spending crowds-out private investment, a result commonly accepted in the literature. However, our approach is original in […] Lire plus

“Defense spending in a time of debt : the case of France”

Article de Julien Malizard, en collaboration avec Josselin Drof. Présenté à l’occasion de l’International Conference on Economics and Security, qui s’est déroulée à Pérouse, Italie, les jeudi 19 et vendredi 20 juin 2014. “France faces budgetary issues but wants to preserve its fairly interventionist position. We hypothesize that both budgetary and strategic constraints are relevant […] Lire plus

“Economic vs strategic constraints : the Asymmetric behaviour of defense spending in France”

Présentation de Julien Malizard, à l’occasion de la conférence de l’Association Française de Science Economique (AFSE) qui s’est déroulée à Lyon, du lundi 16 au mercredi 18 juin. “This article examines the main drivers of French defense expenditure between 1960 and 2010. France has to balance with two contradictory issues: strategic constraint and budgetary process. […] Lire plus

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