The RBC Models through Statistical Inference: An Application with French Data.
The aim of this paper is to evaluate the capacity of RBC models to mimic the French business cycle. We are thus led to investigate the three following assumptions on the labour market: (1) the non-time separability of leisure, (2) the indivisibility of labour and (3) the imperfect information on labour market and time-varying effort. Using the General Method of Moments, we estimate the structural parameters and we test (1) the model's hypothesis using a set of overidentifying restrictions and (2) the model's implications, i.e. its ability to reproduce the cyclical features of the French economy. Copyright 1994 by John Wiley & Sons, Ltd.
Year of publication: |
1994
|
---|---|
Authors: | Feve, Patrick ; Langot, Francois |
Published in: |
Journal of Applied Econometrics. - John Wiley & Sons, Ltd.. - Vol. 9.1994, S, p. 11-35
|
Publisher: |
John Wiley & Sons, Ltd. |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Feve, Patrick, (1996)
-
Informality, Public Employment and Employment Protection in Developing Countries
Langot, Francois, (2016)
-
Correcting Measurement Errors in Transition Models Based on Retrospective Panel Data
Yassin, Shaimaa, (2017)
- More ...