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This article deals with the relevancy of expansionary monetary policy in a situation of financial crisis in an historical perspective. We simulate, within a svar framework, the effects of expansionary monetary policy over the period 1929-1933, in the us. We suggest a renewed monetary lesson in...
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Much of the economic growth literature has focused on the contribution of human capital to national development. Two assumptions have remained largely unexamined: (I) economic stability results from economic growth, and (II) investments in human capital result in economic growth (ceteris...
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[fre] L'instabilité de la détermination du taux de change dans un modèle monétariste, . par Jacques Luzi, Jamel Trabelsi.. . Cet article étudie et compare les comportements à court terme du taux de change nominal et du niveau des prix domestiques dans un modèle d'équilibre à...
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[fre] L'objectif de cet article est de rechercher un mécanisme de propagation des chocs susceptible d''expliquer l'émergence des phénomènes de persistance du taux de chômage en Allemagne. Notre travail s''appuie sur un modèle théorique au travers duquel nous construisons la dynamique qui...
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