France: Selected Issues Paper

International Monetary Fund

No 2011/212, IMF Staff Country Reports from International Monetary Fund

Abstract: This note estimates potential output for France during 1980–2010, using three distinct approaches, and discusses long-term growth prospects. The focus on capital taxation highlights the need for a broader reform of the French tax system to address the features that hamper job growth, investment, and productivity growth. This paper analyzes the impact of Basel III capital requirements on French banks and the French economy, and proposes policy recommendations. French banks should be able to meet the new requirements through earnings retention.

Keywords: ISCR; CR; France; staff calculation; financial crisis; labor force; product market reform; TFP growth; capital requirement; output loss; Basel III; Corporate income tax; Labor taxes; Social security contributions; Tax wedge; Global; Europe (search for similar items in EconPapers)
Pages: 60
Date: 2011-07-27
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Citations: View citations in EconPapers (3)

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