January 2021

Post n°201
Published on 01/27/2021

By Dominique Durant, Kevin Parra Ramirez, Geneviève Toubol

The descriptive data associated with large enterprise identifiers (LEIs) provide up-to-date information on groups’ ownership structure, as well as on the legal form and location of their operations, including those in off-shore financial centres (OFCs). Extending the obligation to have an LEI would thus help to make global financial transactions more transparent.

Chart 1: Distribution of locations of foreign subsidiaries, by parent company nationality
Chart 1: Distribution of locations of foreign subsidiaries, by parent company nationality
Post n°200
Published on 01/22/2021

By Ivan Odonnat

Interest rate benchmarks, which are used to price money-market instruments as well as numerous financial contracts (bank overdrafts, real estate loans, bond debt, etc.), are only relevant if they are reliable and representative of the actual financing conditions experienced by economic agents. At the global level, they underpin some USD 350 trillion worth of financial instruments and contracts.

Chart 1: Evolution of interest rate benchmarks in the euro area
Chart 1: Evolution of interest rate benchmarks in the euro area Sources: EMMI and ECB.
Post n°199
Published on 01/12/2021

By Antonin Bergeaud and Simon Ray

The health restrictions put in place in France and the rest of Europe have obliged firms and workers to resort to teleworking on a massive scale. By breaking down some of the existing barriers to home-working, this shock will probably mark a turning point in the use of teleworking. This in turn has major implications for workers, businesses and the economy.

Chart 1:  Cross-department heterogeneity in potential for teleworking
Chart 1: Cross-department heterogeneity in potential for teleworking Source: DADS, Dingel and Neiman (2020) and DARES (2019)
Published on 01/07/2021

Eco Notepad celebrated its fourth birthday in December 2020: we’ve published nearly 200 posts in English and French and our readership keeps on growing! 2020 was a reminder of just how important it is to have rapidly available, relevant information in order to make sense of economic events as they happen.

Post n°198
Published on 01/05/2021

Teleworking has increased sharply with the Covid-19 crisis and is likely to remain widespread in the future. This could have favourable effects on firms’ productivity, notably through the accelerated diffusion of technologies. However, the academic literature stresses that adequate preparation will be needed in order to reap the full benefits of this favourable impact.

Chart 1: Inverted-U relationship between teleworking intensity (as a proportion of working time) and productivity for two different activities Inspired by the OECD (2020)