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The Château of Versailles
Let's spend a day with King Louis XIV in his opulent palace ! Let's go .for a stroll in the fabulous gardens adorned with statues and fountains ! Let's discover a special place that is celebrated all over the world !
The Palace of Versailles
Explores the palace and its grounds, in a text with transparent pages.
Learning to Live with Cheaper Oil
This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.
Morocco
Morocco has made substantial progress in increasing inclusive growth over the past decade, but additional efforts in terms of growth-enhancing structural reforms are needed. Preserving economic efficiency and fostering growth while strengthening inclusiveness remains a priority. This paper describes the fuel subsidy system in Morocco, introduces an organizing framework to illustrate the trade-offs involved in meeting various economic and social objectives when considering subsidy reform, and highlights some lessons from the international experience in implementing subsidy reforms that may be pertinent to the case of Morocco.
Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries
This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as the non-oil primary deficit and public debt. Policy scenarios show that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from traditional policy advice that suggests saving part of the oil revenue to smooth expenditure over time. Model simulations show that a relatively high degree of efficiency of public investment is needed for scaled-up public investment to make a significant contribution to growth, while maintaining fiscal sustainability.
Bruno My Story
Meet Bruno Tonioli - Strictly Come Dancing judge, wildcat choreographer and stardust magnet. With his irrepressible personality and Italian exuberance, Bruno has become a TV sensation, settling the fate of Britain's ballroom hopefuls during the nation's favourite Saturday night show. Bruno's journey is mind-blowing. He fled from home at eighteen to join the dance company La Grande Eugene and travelled around Europe; he later coached the actress Goldie Hawn as a dance instructor, and orchestrated lavish productions for TV, film and pop videos, where he worked alongside The Rolling Stones, Freddie Mercury, Duran Duran and Tina Turner. Along the way Bruno has Tangoed with high fashion, performed the Cha Cha Cha with untameable pop vixens Bananarama and danced an emotional Waltz with bereavement and breakdown before settling in the perfect location - a seat on the judging panel of Strictly Come Dancing, where he wowed the nation at home and in Hollywood with his passion for dance and an excitable turn of phrase. My Story tears away the glittery wrapping of this most exuberant and loveable of TV stars. Strap yourselves in for a wild and sexy ride with more frills than Versailles.
Learning to Live with Cheaper Oil
This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.
A Crude Shock
The decline in oil prices in 2014-16 was one of the sharpest in history, and put to test the resilience of oil exporters. We examine the degree to which economic fundamentals entering the oil price decline explain the impact on economic growth across oil exporting economies, and derive policy implications as to what factors help to mitigate the negative effects. We find that pre-existing fundamentals account for about half of the cross-country variation in the impact of the shock. Oil exporters that weathered the shock better tended to have a stronger fiscal position, higher foreign currency liquidity buffers, a more diversified export base, a history of price stability, and a more flexible exchange rate regime. Within this group of countries, the impact of the shock is not found to be related to the size of oil exports, or the share of oil in fiscal revenue or economic activity.
Learning to Live with Cheaper Oil
This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.
Versailles
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