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The Emperor Creates No Jobs
Keywords:
France's central bank chief Christian Noyer, says public spending to create jobs has the drawback of creating yesterday's jobs, but lasting job creation has to look at today and the future for effective job creation. Once government spending crosses a certain level, about 55% of GDP, a level France has crossed, further spending becomes counterproductive, reducing public confidence in the economy, as higher future taxes are anticipated canceling any benefits.
Competitiveness of France- lessons from the German experience of labor-industry and government cooperation 2000-2010
10/28/2006
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Wall Street Journal 05/29/2013
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A Proud Nation Ponders How to Halt Its Slow Decline
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Germany's Secret Economic Weapon: a Vast Export Network
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Departing EADS Chief Urges Europe to Recommit to Industry
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The Human Disaster of Unemployment
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France's manufacturing competitiveness
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New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
French competitiveness: France's lost decade
Economist 02/05/2011
The Euro Zone's Brittle French Center
Wall Street Journal 05/28/2011
The Gallois Repot on France's industrial decline and ways to restore competitiveness
02/05/2011
The former head of EADS offers 22 measure the government should take to restore France's competitiveness and stem a decline in French industry. The report points to France's intra-European exports decline to 9.3% compared to a rise in German exports to 22.4%. There is a widening gap in wage competitiveness between the two countries. The Gallois report calls for a cut in payoll taxes to help Fench companies compete.
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Poll Shows European Union Loses Favor on Continent
New York Times 05/13/2013
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
Hollande Boosted by French Growth
Wall Street Journal 08/15/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Germany's Secret Economic Weapon: a Vast Export Network
Wall Street Journal 11/19/2013
France's stimulus spending
01/22/2009
The spending of 75% of stimulus money in 2009.
Grouped Articles
Wall Street Journal 05/29/2013
Economist 05/07/2009
France, Unlike U.S., Is Deep Into Stimulus Projects
New York Times 07/07/2009
Government Spending Is No Free Lunch
Wall Street Journal 01/22/2009
The gap between stimulus money infrastructure spending timelines in the U.S. and China and France- 2009-2012
01/22/2009
China moved the fastest, the USA very slowly, with two different political systems and sense of crisis, and infrastructure project speed capabilities. The French also moved quickly. Of $37 billion in spending for infrastructure stimulus, about 75% will be completed in 2009. India is slow but France's experience shows democratic governments or political systems are not necessarily the cause of slow execution.
Grouped Articles
New York Times 09/06/2011
Wall Street Journal 05/29/2013
Economist 05/07/2009
France, Unlike U.S., Is Deep Into Stimulus Projects
New York Times 07/07/2009
Lots of Stimulus Money and Concerns About Where to Put It to Work
New York Times 10/23/2009
China Sees Growth Engine in a Web of Fast Trains
New York Times 02/13/2010
Contrasting approaches of France and Britain in tax policies and foreign investment
07/10/2012
Higher tax rates in France and Hollande's call for the French to see this as a form of patriotism by contributing to reduce the public debt. Britain's Cameron takes a different approach by reducing taxes. Cameron's remark about a red carpet for foreign investment is taken by Hollande as a form of British humor.
Grouped Articles
Wall Street Journal 05/29/2013
Wall Street Journal 06/26/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Tax rates in Britain: François Miliband
Economist 02/04/2014
France Tries to Tempt In More Foreign Investment
New York Times 02/17/2014
In U.K. Visit, Hollande Urges Unity to Cut French Debt
Wall Street Journal 07/10/2012
France's president Hollande's revision of the 2012 budget
06/23/2010
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Wall Street Journal 05/29/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10/28/2014
European Union Blinks in Budget Battle With Italy and France
New York Times 10/28/2014
Hollande and passage in the French Assembly of the EU budget discipline treaty that limits deficits to 3%
10/09/2012
Grouped Articles
Wall Street Journal 05/29/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
France Assembly Approves Europe Budget Treaty
New York Times 10/09/2012
France’s Hollande struggles to regain popularity - The Washington Post
Washington Post 11/15/2012
Challenging France to Do Business Differently
New York Times 12/19/2012
Competitiveness and job creation- the U.S. and France
04/12/2012
Grouped Articles
Wall Street Journal 05/29/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
In French Labor Overhaul, Union Leader Offers a Way to a Compromise
The New York Times 06/20/2017
Competitiveness of France's economy- 2010-2014
10/28/2006
Grouped Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
Hollande Boosted by French Growth
Wall Street Journal 08/15/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
The focus on competitiveness by economists, credit ratings agencies, and European leaders as austerity measures alone won't work
02/05/2011
Mario Monti focusses on the need for investing in the economy in an interview with German newspaper Die Welt during a January 2011 visit to Berlin. S&P economists and Nobel winner Stiglitz also emphasize this after a downgrade of France's credit rating- the need for improved competitiveness for the economies of France, Spain Portugal and Italy.
Grouped Articles
New York Times 09/25/2011
Wall Street Journal 05/29/2013
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After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
Wage flexibility by labor unions in France as part of an effort to improve competitiveness and reduce unemployment
10/28/2006
Sarkozy, Hollande and the unions are in agreement on adopting some aspects of what Germany did to reduce high unemployment in the last decade- adjusting wages and benefits in recessionary periods to avert layoffs. The German "kurzarbeit" program is more elaborate and France has to make more progress to adopt that type of arrangement, but the direction is clear and has popular support in France in 2012-2013.
Grouped Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
Shifting sentiment for Stimulus in France and Germany as job losses mount.
01/04/2008
German GDP contraction according to Commerzbank estimates in late March show 6-7% GDP contraction in 2009. France with a smaller capital goods industy, is projected to drop 4%. Sentiment in both countries is shifting to larger Stimulus.
Grouped Articles
Wall Street Journal 05/29/2013
Economist 05/07/2009
Germany Posts Month 21 of Declining Jobless Rate
New York Times 01/04/2008
Europe’s Central Banker Engineers His Economics
New York Times 02/05/2008
Unions Wage New Strikes in Germany
Wall Street Journal 03/06/2008
For Europe’s Middle-Class, Stagnant Wages Stunt Lifestyle
New York Times 05/01/2008
Public spending and job creation in France- the alternate view of central bank chief Christian Noyer
12/10/2011
France's central bank chief provides an alternate view on public spending to create jobs in France. Public spending tends to focus on preserving yesterdays jobs and not as much on jobs for the future. Once public spending reaches a certain level of GNP of about 55%, a level France has crossed, the benefits shrink and the effort is counterproductive with the public expecting higher taxes in th future.
Grouped Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
Hollande Boosted by French Growth
Wall Street Journal 08/15/2013
Social-Security Woes Vex France's Hollande
Wall Street Journal 11/11/2013
France Tries to Tempt In More Foreign Investment
New York Times 02/17/2014
In French Labor Overhaul, Union Leader Offers a Way to a Compromise
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Sarkozy and Hollande economic policy measures and France's economy 2012-2014
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France Goes Against the Euro-Zone Flow
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Wall Street Journal 05/29/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
Frances's president Hollande's plan for investment in education and Shiller's metaphor of "winter on the family farm"
05/19/2012
Shiller evaluates the Hollande plan using the Salant-Samuelson balanced budget theorem and shows that it would increase national income by the amount of the tax on higher incomes. It would create a more productive economy with investment of the type that occurs in winter on the family farm.
Grouped Articles
New York Times 04/13/2013
Wall Street Journal 05/29/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10/28/2014
European Union Blinks in Budget Battle With Italy and France
New York Times 10/28/2014
How National Belt-Tightening Goes Awry - Economic View
New York Times 05/19/2012
Robert Shiller and "winter on the family farm" as a metaphor in tough economic times instead of "tightening the family belt"
01/27/2009
Shiller cites the "balanced budget theorem" of Salant and the economist Paul Samuelson during the FDR period. This showed that with taxes and expenditures going up during tough economic times the higher output leads to national income increasing by the amount of the tax. French president Hollande's plan to hire 60,000 teachers is of this kind, says shiller, because the higher taxes on incomes over 1 million euros supporting the hiring would increase national income by that amount.
Grouped Articles
Wall Street Journal 05/29/2013
Fear of a Double Dip Could Cause One
New York Times 05/14/2010
Robert Shiller: A Skeptic and a Nobel Winner
New York Times 10/19/2013
How to Fix the Economy: An Expert Panel
BusinessWeek 09/16/2010
France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
How National Belt-Tightening Goes Awry - Economic View
New York Times 05/19/2012
Noyer and Muscovici on public spending and job creation in France
05/29/2013
Linked Articles
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
Wall Street Journal 05/29/2013
Competitiveness and job creation- the U.S. and France
12/10/2011
Contrasting experiences, problems and new approaches.
Linked Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
Emmanuel Macron and the challenge of reviving France's economy
05/08/2017
France's central bank chief Noyer points out that once the public sector crosses the line of 55% of the economy France loses ground. Jobs created are from an earlier period, and fewer new technology jobs of the future are created. The challenge for Macron is to rein in the public sector and revive French industry so new jobs are created for young people.
Linked Articles
Macron's presidency: It's the economy, stupid! | Business | DW.COM | 08.05.2017
DW.COM 05/08/2017
Wall Street Journal 05/29/2013
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