[fre] Un modèle économétrique en déséquilibre de l'économie française à deux secteurs, avec des prix et un investissement endogènes, . par Patrick Artus, Sanvi Avouyi-Dovi, Jean-Pierre Laffargue. . . Une maquette en déséquilibre de l'économie française, qui distingue deux secteurs,...

[eng] A Disequilibrium Macroeconometric Model of the French Economy with two Sectors and Endogenous Investment Patrick Artus, Sanvi Avouyi-Dovi, Jean-Pierre Laffargue This paper presents a two sector, (tradable and non tradable) disequilibrium model, with endogenized investment, for France. The...

This paper considers a disequilibrium model of the French economy. This model includes a tradable and a nontradable sectors, investment behaviours of these sectors, and has been estimated over the period 1964/4-1984/4. A regime of excess demand had prevailed in the tradable goods sector from...

This paper gives an interpretation of the working of the EMS in the eighties. On one hand French franc, Belgium franc, and Irish pound, appear to have been stabilized around implicit central parities, which were revised from time to time. On the other hand, lira and Danish crown have followed a...

[eng] This paper presents the difficulties that have occured for a few years in the investment econometric forecast. Section 1 studies the investiment usual model adjustements : section 2 emphasizes the several regime model contributins to the understanding of investment evolution. The last...

Using data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness. The average duration of wages is a little less than one year, and 10% of wages are modified each month by a wage agreement. The frequency of wage change agreements is...

This paper quantifies the effects on welfare of misspecified monetary policy objectives in a stylized DSGE model. We show that using inappropriate objectives generates relatively large welfare costs. When expressed in terms of 'consumption equivalent' units, these costs correspond to permanent...