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Why and how to measure stock market fluctuations? The early history of stock market indices, with special reference to the French case

Hautcoeur, Pierre-Cyrille - HAL - 2006

Stock market indices are today a vital and daily tool for both economists and actors in the financial world. The multiplication and the very importance given to these indices raise the question of their accuracy and of the reliability of the methods that are used to construct them. We begin an...

Persistent link: https://www.econbiz.de/10010738778

Bulles rationnelles et fluctuations de l'activité

Bosi, Stefano; Seegmuller, Thomas - HAL - 2011

'existence et aux fluctuations d'une bulle rationnelle. Nous développons une économie d'échange à générations imbriquées dans …'est-à-dire avec bulle rationnelle pure. Nous exhibons des fluctuations de l'activité et de la bulle, dues à la volatilité des … anticipations des agents. Une politique monétaire expansive peut immuniser l'économie contre de telles fluctuations endogènes. La …

Persistent link: https://www.econbiz.de/10008805961

L'intermédiation financière dans l'analyse macroéconomique : Le défi de la crise

Iliopulos, Eleni; Sopraseuth, Thepthida - HAL - 2011

Dans cet article, nous proposons une revue de la littérature sur les frictions financières dans les modèles d'équilibre général intertemporels et stochastiques. Nous présentons en premier lieu les contributions pionnières qui ont analysé les effets d'amplification associés à...

Persistent link: https://www.econbiz.de/10011025843

Modeling the impact of real and financial shocks on Mercosur: the role of the exchange rate regime

Allegret, Jean-Pierre; Sand-Zantman, Alain - HAL - 2007

This paper studies to what extent the diversity of exchange rate regimes within Mercosur exerts an influence on the feasibility of a monetary union in this area. A semi-structural VAR model is built for each country, including a set of international and domestic variables. Based on impulse...

Persistent link: https://www.econbiz.de/10008791736

Disentangling business cycles and macroeconomic policy in Mercosur: a VAR and unobserved components model approaches

Allegret, Jean-Pierre; Sand-Zantman, Alain - HAL - 2007

This paper analyses the feasibility of a monetary union within the Mercosur, focusing on cycle synchronicity. Three questions are addressed, concerning respectively the features of shocks hitting each member, the impact of exchange rate regime differences on countries' responses and the share of...

Persistent link: https://www.econbiz.de/10008793162