The balance of global power is undergoing a tectonic shift, with “developing” countries such as India, Turkey, Brazil, Mexico, Indonesia, and South Africa now asserting their influence. These countries subtly redefine our notion of “strong” and “weak” economics and the relationship...

Cet article introduit un numéro spécial présentant la totalité des aspects de la nouvelle macroéconomie dynamique. Il est divisé en trois parties : la spécification des modèles DSGE, les méthodes de simulation, d'estimation et de test des modèles DSGE, les applications des modèles DSGE.

Un essai dans lequel l'auteur affirme que la France est plus dynamique qu'elle n'y paraît, malgré un manque de compréhension de l'économie mondiale et des difficultés à faire évoluer ses institutions.

Depuis 2003, la Turquie a entrepris de restaurer ses fondamentaux macro-économique en mettant en place, sous la houlette du FMI, un programme de lutte contre l’inflation, tendon d’Achille traditionnel du pays et une politique budgétaire d’austérité, caractérisée par le dégagement de...

We reinvestigate the issue of excess comovements of commodity prices initially raised in Pindyck and Rotemberg (1990). While Pindyck and Rotemberg and following contributions consider this issue using an arbitrary set of control variables, we develop our analysis using recent development in...

Econometrics has strongly evolved in recent years on both the methodological level as well as in terms of applications. This article presents the different econometric methods (time series econometrics, information panels, models of duration,...) and their applications for the enterprise: demand...

As both speculative and hedging financial flows into commodity futures are expected to link commodity price formation more strongly to equity indices, we investigate whether these processes also create increased correlation amongst the commodities themselves. Considering U.S. oil and gas...

We proceed to an impulse-response analysis on the conditional correlations between three stock indices returns: the S&P 500, the ftse 100 and the Nikkei 225. As a first step, a general asymmetric dynamic conditional correlation (ga-dcc) model proposed by Cappiello, Engle and Sheppard [2006] is...