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On-the-job Search and Cyclical Unemployment: Crowding Out vs. Vacancy Effects
Martin, Daniel; Pierrard, Olivier - Central Bank of Luxembourg - 2011
cyclical volatility of unemployment and vacancies. The increased search of employed workers during expansions has two effects …We incorporate on-the-job search (OTJS) into a real business cycle model in order to study whether OTJS increases the … on the unemployed: it induces firms to openmore vacancies, but employedworkers also crowd out unemployed workers in the …
Persistent link: https://www.econbiz.de/10009324230
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Efficacité de la politique économique et position dans le cycle: le cas de la défiscalisation des heures supplémentaires en France
Heyer, Eric - Centre de recherche en Économie (OFCE), Sciences … - 2010
The economic situation of all the major developed countries has changed significantly during the 2007-2010 period. Yet many economic policies have been kept in place. This is true in particular of a key measure in French government policy: tax reductions on overtime hours and their exemption...
Persistent link: https://www.econbiz.de/10008740260
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Participation limitée, rigidités de prix et propagation des impulsions monétaires : une évaluation quantitative
Chéron, Arnaud - Centre pour la Recherche Économique et ses … - 2001
L'absence de persistance dans la réponse de l'activité à un choc d'offre de monnaie constitue une propriété contrefactuelle récurrente des modèles d'équilibre général intertemporels stochastiques. On est alors tenté de combiner des imperfection fiancières et des rigidités de prix...
Persistent link: https://www.econbiz.de/10005176578
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Technology Shock and Employment: Do We Really Need DSGE Models with a Fall in Hours?
Dupaigne, M.; Fève, P.; Matheron, J. - Banque de France - 2005
The recent empirical literature that uses Structural Vector Autoregressions (SVAR) has shown that productivity shocks identified using long--run restrictions lead to a persistent and significant decline in hours worked. This evidence calls into question standard RBC models in which a positive...
Persistent link: https://www.econbiz.de/10005056535
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French and American labour markets in response to cyclical shocks between 1986 and 2007: a DSGE approach
Le Barbanchon, Thomas; OURLIAC, B.; SIMON, O. - Département des Études Économiques d'Ensemble (D3E), … - 2011
United States, which include a labour market matching model à la Diamond, Mortensen and Pissarides. The comparison of the …
Persistent link: https://www.econbiz.de/10009003505
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Credit Constraints and the Cyclicality of R&D Investment: Evidence from France.
Aghion, P.; Askenazy, P.; Berman, N.; Cette, G.; Eymard, L. - Banque de France - 2008
We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical...
Persistent link: https://www.econbiz.de/10008528504
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Les marchés financiers anticipent-ils les retournements conjoncturels?
Bellone, B.; Gautier, E.; Le Coent, S. - Banque de France - 2005
This article aims at estimating leading indicators of the American economy with financial variables. We use two types of hidden Markov chains models, a quantitative one (Krolzig (1997)) and a qualitative one (Gregoir and Lenglart (2000)). These models provide a robust and reliable framework to...
Persistent link: https://www.econbiz.de/10005056509
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Salaire minimum, allocations chômage et efficacité du marché du travail ; septembre 2004 - version finale décembre 2006
Gavrel, Frédéric; Lebon, Isabelle - In: Recherches économiques de Louvain 74 (2008) 1, pp. 53-75
Persistent link: https://www.econbiz.de/10003694545
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Un modèle d'appariement avec hétérogénéité du facteur travail : un nouvel outil d'évaluation des politiques économiques
Doisy, Sébastien; Duchêne, Sandrine; Gianella, Christian - In: Economie & prévision : EP 163 (2004) 1, pp. 1-22
Persistent link: https://www.econbiz.de/10002352554
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Les Défis De La Retraite En France [Pension Reform in France : Understanding Economic and Policy Challenges]
Chevalier, Yves - 2018
French Abstract: Les Cahiers du Centre reprennent ici plusieurs des interventions du colloque du 22 mars dernier organisé par le Club des Investisseurs de Long Terme en liaison avec le World Pension Forum sur la réforme des retraites en France dont le programme, malgré les grèves ce...
Persistent link: https://www.econbiz.de/10012915556