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Négociation salariale en terme réel et en terme nominal : Une analyse des propriétés dynamiques d’un modèle avec contrats échelonnés
PEREAU, Jean-Christophe - Institut de Recherche Économique et Sociale (IRES), … - 1998
dynamique de court terme des équations de salaires. Elles impliquent une inertie du taux d'inflation et donc une persistance des …
Persistent link: https://www.econbiz.de/10008550112
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Identifying and Forecasting the Turning Points of the Belgian Business Cycle with Regime-Switching and Logit Models
Vincent, BODART; Konstantin, KHOLODILIN; Fati, SHADMAN-MEHTA - Institut de Recherche Économique et Sociale (IRES), … - 2005
This paper seeks to elaborate econometric models that can be used to forecast the turning points of the Belgian business cycle. We begin by suggesting three reference cycle, which we hope will fill the void of an official reference chronology for Belgium. We then construct two different types of...
Persistent link: https://www.econbiz.de/10004984827
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Dating and Forecasting the Belgian Business Cycle
Vincent, BODART; Konstantin A., KHOLODILIN; Fati, … - Institut de Recherche Économique et Sociale (IRES), … - 2003
This paper investigates the Belgian business cycle. It establishes a chronology of cycles over the period 1980-2002 using real GDP, which it suggests can be regarded as a reference cycle. It then uses this chronology to evaluate the performance of alternative business cycle indicators in terms...
Persistent link: https://www.econbiz.de/10004985034
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Why capital maintenance should be a key development tool ?
Raouf, BOUCEKKINE; Blanca, MARTINEZ; Cagri, SAGLAM - Institut de Recherche Économique et Sociale (IRES), … - 2007
We study optimal growth model à la Nelson and Phelps (1966) where labor resources can be allocated either to production, technology adoption or capital maintenance. We first characterize the balanced growth paths of a benchmark model without maintenance. Then we introduce the maintenance...
Persistent link: https://www.econbiz.de/10004984876
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Search in the Product Market and the Real Business Cycle
MATHA, Thomas Y.; PIERRARD, Olivier - Institut de Recherche Économique et Sociale (IRES), … - 2009
Empirical evidence suggests that most firms operate in imperfectly competitivemarkets. We develop a search-matching model between wholesalers and retailers. Firms face search costs and form long-term relationships. Price bargain results in both wholesaler and retailer markups, depending on...
Persistent link: https://www.econbiz.de/10005008077
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Monnaie et Inflation dans un modèle de cycles réels
HAIRAULT, Jean-Olivier; PORTIER, Franck - Institut de Recherche Économique et Sociale (IRES), … - 1993
Nous présentons dans cet article un modèle d'équilibre général intertemporel qui rend compte de l'influence de l'inflation …
Persistent link: https://www.econbiz.de/10008505616
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North-South Asymmetric Relationships : Does the EMU Business Affect Small African Economies ?
André, NYEMBWE; Konstantin, KHOLODILIN - Institut de Recherche Économique et Sociale (IRES), … - 2005
In this paper we empirically investigate a possible transmission of the European business cycle to Sub-Saharan Africa’s economies. This linkage may be of interest because the EMU is the main trading partner of African countries, and many of these countries use the euro as either the official...
Persistent link: https://www.econbiz.de/10004984834
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Money Injections in a Neoclassical Growth Model
Ertz, Guy; Portier, Franck - Institut de Recherche Économique et Sociale (IRES), … - 1998
This paper analyzes the effects and transmission mechanism related to the alternative injection channels - i.e to households versus a financial intermediary - in a neoclassical growth model with reserve requirements and money multiplier effects. The money injected directly to a financial...
Persistent link: https://www.econbiz.de/10004984923
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A Real Business Cycle Model of the Phillips Curve
Rafael, Muñoz - Institut de Recherche Économique et Sociale (IRES), … - 1998
correlation between inflation and output, one of the more difficult moments to match for a cash-in-advance model. The model allows …
Persistent link: https://www.econbiz.de/10004985023
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Stochastic Nominal Wage Contacts in a Cash-in-Advance Model
Collard, Fabrice; Ertz, Guy - Institut de Recherche Économique et Sociale (IRES), … - 1996
. This allows to weaken the negative effect of the inflation tax such that monetary shocks exert a positive effect on output … dynamics. The nominal wage contract model is able to mimic the correlation of inflation and real balances with output. It also … lowers the standard deviation of inflation relative to that of output. Further, the variance decomposition analysis indicates …
Persistent link: https://www.econbiz.de/10004985155