Laffargue, Jean-Pierre; Malgrange, Pierre; Pujol, Thierry - In: L'Actualité Economique 68 (1992) 1, pp. 225-261
We present a small size dynamic macroeconomic model, numerically calibrated on quarterly French data, describing an economy working under imperfect competition on both labour and goods markets. The labour market exhibits a persistence effect relying on the insider-outsider theory. The closure of...