This paper investigates the stability of households' consumption behaviour in France through a prcedure of discriminating between feedback and feedforward models connected to the notions of encompassing in invariance initially proposed by Hendry (1988).

When calibrated, the Mortensen & Pissarides [1994] is able to produce some stylized facts highlighted by empirical studies on US gross job flowa. However, other stylized facts concerning their asymmetric properties are generally neglected at the aggregate level. The aim of this paper is to test...

The purpose of this paper is to focus on Henry L. Moore's transfers from the natural sciences that enabled him to shape statistical economics. This construction led him to search statistical methods that could help him to bridge the data-theory gap, and I should like to analyze the consequences...

The empirical evidence on sources of corporate financing strongly suggests that firms prefer internally generated funds to debt and debt to equity in financing their investment activities. What is the economic rationale for this preference ordering or pecking order? We provide an explanation...