France: Selected Issues

November 13, 2002

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International Monetary Fund. "France: Selected Issues", IMF Staff Country Reports 2002, 249 (2002), accessed July 9, 2025, https://doi.org/10.5089/9781451813531.002

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Summary

This Selected Issues paper for France provides an analytical framework to explain the consequences of the downward shift in the unemployment/wages relationship. This framework is also used to analyze possible changes in the equilibrium unemployment rate resulting from cuts in employers’ social security contributions and movements in the user cost of capital. The contribution of wage moderation to the reduction in the equilibrium unemployment is quantified. The paper also addresses the question of fiscal benefits of job-rich growth in France during 1997–2000.

Subject: Economic theory, Employment, Inflation, Labor, Neoclassical theory, Output gap, Prices, Production, Wages

Keywords: CR, Employment, Europe, Global, Inflation, ISCR, Labor market, Neoclassical theory, Output gap, Pair FR-IT, Poverty program, Unemployment locus, Unemployment spending, Wage moderation, Wages

Publication Details

Pages:

50
Volume:

2002
DOI:

https://doi.org/10.5089/9781451813531.002
Issue:

249
Series:

Country Report No. 2002/249
Stock No:

1FRAEA0022002
ISBN:

9781451813531
ISSN:

1934-7685

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