Nathalie (Natacha) Gilson Louvain School of Management, Université catholique de Louvain   151, chaussée de Binche 7000 Mons, Belgique   nathalie.gilson@uclouvain.be             JEL Areas: F4 : Macroeconomic Aspects of International Trade and Finance: General H6 : National Budget, Deficit, and Debt: General