If some consumers are liquidity-constrained, aggregate consumption should be `excessively sensitive' to credit conditions as well as to income. Moreover, the `excess sensitivity' may vary over time. Using data for the United States, Canada, the United Kingdom, Japan and France, we find a...

Objectifs. Le but de cette analyse est,[i] de présenter l'opinion actuelle de la population suisse sur des thèmes liés à la limitation des ressources, à la définition des priorités et au rationnement dans le secteur sanitaire, [ii] de comparer cette opinion avec celle d'autres groupes...

After discussing the general characteristics that the successor to IS-LM should possess, this essay argues that the business cycle research program initiated by Kydland and Prescott (1992) is beginning to show a promising capacity at incorporating a broad range of modeling features into a...