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<div class=Section1>

<h1 align=center style='text-align:center'><span lang=EN-US style='mso-fareast-font-family:
"Times New Roman";mso-ansi-language:EN-US'>&nbsp;</span><span style='mso-fareast-font-family:
"Times New Roman"'><o:p></o:p></span></h1>

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  <h2><span style='mso-fareast-font-family:"Times New Roman"'>Etienne Wasmer<o:p></o:p></span></h2>
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<p class=MsoNormal><!--=================--><!--Address and Photo--><!--=================--><b><span
style='font-family:"Arial","sans-serif";color:#333399'><o:p>&nbsp;</o:p></span></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><span
style='font-family:"Arial","sans-serif";color:#333399'>Nouvelle page / new
page&nbsp;: <a href="http://econ.sciences-po.fr/staff/etienne-wasmer">http://econ.sciences-po.fr/staff/etienne-wasmer</a><o:p></o:p></span></b></p>

<p class=MsoNormal align=center style='text-align:center'><o:p>&nbsp;</o:p></p>

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