Our paper seeks to gain insights into the effects of labor-market institutions on the dynamics of the labor market, during the diffusion process of new technologies. Because these institutions differ between Europe and the United States, we expect the dynamics of the labor market to also diverge...

Endogenous cycles cannot emerge in one-sector monetary overlapping generations models when there is intertemporal substitutability, even if returns to scale are increasing. In this article, we show that the conclusions are different when there are two sectors. Considering a two-sector monetary...

The ADRES conference "Labor market outcomes: a transatlantic perspective" took place in Paris, in January 2008. It was jointly organized by the University of Le Mans and the EDHEC Business School. Approximately 40 papers were presented in plenary and parallel sessions. The plenary speakers were...

Explain the unemployment persistence is a problem at theoretical level as well as at empirical level. For Blanchard and Summers [1986], one can explain the European unemployment persistence only in the context of hysteresis model. But the hysteresis assumption seems to be not robust. Then, we...

Explanations of fluctuations in the Solow residual, as an indicator of technical change, belong to the hard core of the current debate on business cycle theories. The purpose of this paper is to evaluate the relative contribution of the common sectoral and specific national disturbances to the...

We develop a structural model that aims at characterizing a set of restrictions allowing for a statistical evaluation of the effect of changes in monetary policy rules on aggregate dynamics at business cycle frequency. Standard econometric tools are first used to reveal and estimate changes in...