01583cas a2200241 a 4500 AALejournalIMF004579 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451813692 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. France : Selected Issues. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (121 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students U.S. shocks explain a large part of French output common components. This paper analyzes the economic implications of two alternative welfare financing reforms: a reduction in payroll taxes funded by an increase in consumption taxes, and the other funded by a new levy on business value added. The importance of financial market constraints and whether the recent mortgage market reform is likely to ease these constraints is assessed. Rechargeable mortgages are attractive and encourage collateralization, but bolder measures are needed to limit legal and other fees. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/390 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/390/002.2006.issue-390-en.xml IMF e-Library