This survey covers the major methods used to forecast interest rates. The theoretical underpinings are presented and discussed in the perspective of forecast accuracy using results published in the literature. A basic review of interest rate modeling is also provided. <P> Ce survol couvre les...</p>

In this paper, the authors examine how well the Hodrick-Prescott (HP) and the band-pass filter recently proposed by Baxter and King (BK) extract the business-cycle component of macroeconomic time series. The authors assess these filters using two different definitions of the business-cycle...

We consider the effects of fiscal spending shocks in a real business model when a portion of government spending is endogenized and chosen to maximize the utility of the representative private agent. Endogenous spending partially neutralizes the effects of both exogenous fiscal spending shocks...

This paper analyses non-market time uses by two-parent families with at least one child aged less than 18 years, and the sharing of parental and domestic tasks between men and women. The analysis is based on data from Statistic Canada's 1986 and 1992 Surveys on the Use on Time by Canadians. The...

We build a dynamic, general equilibrium model of a small, open, semi-industrialized country with overlapping wage contracts, wage indexation, and indexation lags. We calibrate and simulate the model in order to assess the role of wage contracts in explaining the features of recent real-world...

Ce texte discute de la mesure, des causes et des conséquences de l'endettement public et revoit divers indicateurs d'endettement, de solvabilité et de prudence fiscale. Après avoir présenté une analyse descriptive et comparative de la situation de la dette publique des gouvernements au...

In this paper, we study the usually ignored group of unemployed workers who are eligible for unemployment insurance but never claim or receive any benefits. This group is generally combined with the non-eligible in empirical studies and we show that this misclassification has the potential to...

We consider a world in which the mode of food production, foraging or agriculture, is endogenous, and in which technology grows exogenously. Using a recent model of coalition formation, we allow individuals to rationally form cooperative communities (bands) of foragers or farmers. At the lowest...

A model where a portion of the population participates in illegal activities is developed. The propensity to participate in crimes depends on the probability and the opportunity cost of being arrested. The government can influence these variables by law enforcement expenditure and by social...

The permanent income hypothesis under certainty equivalence implies that optimal consumption is more volatile than labour income, when labour income is positively autocorrelated in first differences. Empirically, certainty equivalence is rejected because observed consumption is excessively...