We construct in this paper a "benchmark" model of fluctuations with optimizing households and firms. The economy is a monetary one, with imperfect competition in goods and labor markets, as well as increasing returns to scale and specialization. This economy is subject to technological and...

This paper analyses unilateral trade liberalisation in a Cournot duopoly model where the domestic and the foreign firm have different marginal costs. There are three results in the paper. Firstly, with linear demand, it is shown that the domestic country will lose as a result of unilateral free...

Dans le but d'analyser le cycle de productivité de l'emploi, cet article présente un modèle de cycles réels avec coûts d'ajustement croisés sur l'investissement et le travail. Le modèle est simulé et confronté aux faits stylisés du marché du travail. Nous évaluons plus...