Barter in Russia can be explained by firms liquidity constraint : it is strongly correlated with financial tightness. However a micro-economic analysis reveals that the rationale behind this liquidity constraint is different according to the firm situation. For firms in a good economic...

In this paper, we consider the impact of displacement (defined as separation from a stable job due to firm closure) on workers in France. We find that a large share of displaced workers find new jobs without experiencing any interruption in their employment histories, and that falling into...

Recent empirical studies reveal that the convergence speed of nominal and real veriables are fairly different. In this paper, we study the temporal evolution of the mutual influence between the convergences of a nominal and a real variable.