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Anticipations, prime de risque et structure par terme des taux d'intérêt : une analyse des comportements d'experts

Prat, Georges; Uctum, Remzi - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2006

Using Consensus Forecasts monthly surveys, we show that experts' interest rate expectations in the Eurofranc market do … not verify the rational expectations hypothesis. Instead, these expectations are found to be generated by a mixed process …

Persistent link: https://www.econbiz.de/10005094008

A price uncertainty principle and the existence of sequential equilibrium.

Boisdeffre, Lionel de - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009

We consider a pure exchange financial economy, where agents observe private information signals, form private anticipations and face an "exogenous uncertainty" on the future state, and an "endogenous uncertainty", on the future prices. At a sequential equilibrium, all agents expect the "true"...

Persistent link: https://www.econbiz.de/10008622015

Factors in business investment: an expectation based approach using business survey data

NABOULET, A.; RASPILLER, S. - Département des Études Économiques d'Ensemble (D3E), … - 2004

This paper analyses the determinants of the investment decision by focusing on the firms subjective judgments about the impact of some economic factors. This work uses data from the INSEEs business surveys on investment in the industry, over the period 1991-2002. In October, these data contain...

Persistent link: https://www.econbiz.de/10009003480

Ciblage de l'inflation, transparence et anticipations : une revue de la litterature récente

Salle, Isabelle - In: Revue d'économie politique 123 (2013) 5, pp. 697-736

Persistent link: https://www.econbiz.de/10010223013

Elasticity of expectations and general equilibrium instability in Hicks, Lange, Modigliani and Patinkin

Rubin, Goulven - In: Revue d'histoire de la pensée économique 5 (2018) 1, pp. 55-87

Persistent link: https://www.econbiz.de/10011903194

Effets d'une réforme fiscale sur l'offre de travail des ménages dans un cadre collectif simulé

Bargain, Olivier; Moreau, Nicolas - 2006

La littérature contient très peu de recherches empiriques concernant les effets distributifs du système sociofiscal à l’intérieur du ménage. Nous simulons cet effet dans le cadre du modèle collectif d’offre de travail lorsque l’on passe d’une taxation jointe à une taxation...

Persistent link: https://www.econbiz.de/10009475668

Translog ou Cobb-Douglas? Le rôle des durées d'utilisation des facteurs

Heyer, Eric; Pelgrin, Florian; Sylvain, Arnaud - Bank of Canada - 2004

Using French data on industrial firms over the period 1989-2001, the authors estimate a "flexible" Translog production function that accounts for the volumes and durations of factor utilization. They draw on the framework proposed by Blundell and Bond (2000), assuming that serially correlated...

Persistent link: https://www.econbiz.de/10005536880

Durées d’utilisation des facteurs et fonction de production : une estimation par la méthode des moments généralisés en système

Heyer, Eric; Pelgrin, Florian; Sylvain, Arnaud - Bank of Canada - 2004

Although a number of studies have demonstrated the importance of the degree of factor utilization in economic analysis, the impact of the durations of utilization in a production function remains largely unknown, particularly in terms of the duration of equipment utilization. Using French data...

Persistent link: https://www.econbiz.de/10005808313

Un modèle « PAC » d'analyse et de prévision des dépense des ménages américains

Gosselin, Marc-André; Lalonde, René - Bank of Canada - 2003

Traditional structural models cannot distinguish whether changes in activity are a function of altered expectations … separating observed dynamic behaviour into movements that have been induced by changes in expectations, and responses to … expectations, that have been delayed because of adjustment costs. In these models, agents’ decisions are a function of forecasts of …

Persistent link: https://www.econbiz.de/10005808324

Contraintes de liquidité et capital humain dans une petite économie ouverte

Pelgrin, Florian - Bank of Canada - 2004

In an overlapping-generations model that represents a small open economy, where agents live two periods, liquidity constraints lead to low economic development when the only accumulable factor is human capital. In the context of multiple equilibria, an underdevelopment trap can result in which...

Persistent link: https://www.econbiz.de/10005808356