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Cet article fait un recensement des analyses theoriques et empiriques concernant les effets possibles de la mobilite internationale des facteurs de production. Les resultats et les recommendations du modele de base sont etablis quand prevalent le plein-emploi et l'ajustement complet des marches....
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The aim of this paper is to demonstrate that, even if Marx's solution to the transformation problem can be modified, his basic conclusions remain valid. The proposed alternative solution which is presented hare is based on the constraint of a common general profit rate in both spaces and a money...
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We develop and estimate a DSGE model which realistically assumes that many goods in the economy are produced through more than one stage of production. Firms produce differentiated goods at an intermediate stage and a final stage, post different prices at both stages, and face stage-specific...
Persistent link: https://www.econbiz.de/10005015308
We build a Dynamic General Equilibrium model with search frictions for the allocation of physical capital and … propagation to small exogenous shocks, the quantitative effects are modest once we calibrate the model to fit firm-level capital … premia as in the data. Countercyclical default directly affects capital reallocation and has important general equilibrium …
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