A model is developed that allows for interaction between the labor market and the housing market. A job location has an associated commuting time that may affect the job acceptance decision. Obstacles to mobility, such as regulations in the housing market will affect the reservation strategy of...

This paper shows that goods-market frictions drastically change the dynamics of the labor market, bridging the gap with the data both in terms of persistence and volatility. In a DSGE model with three imperfect markets - goods, labor and credit - we find that credit- and goods-market...

The renewal of interest in macroeconomic theories of search frictions in the goods market requires a deeper understanding of the cyclical properties of the intensive margins in this market. We review the theoretical mechanisms that promote either procyclical or countercyclical movements in time...

Increasing beneficiary participation to improve public services has become increasingly popular during the last twenty years. Results from previous studies on the impact of such programs is mixed and inconsistent. We propose a simple model which explains some of those mixed results by predicting...

Increasing school resources has often shown disappointing effects on school quality in developing countries, a lack of impact which may be due to student, parent or teacher behavioral responses. We test the short-term impact of an increase in school resources under parental control using an...

Improving service quality via beneficiary participation in managing the service may be unrealistic if a community with low authority must act in opposition to a high authority service provider. We present a framework of how community characteristics change the effectiveness of different types of...

We calculate the bias of the profile score for the autoregressive parameters p and covariate slopes in the linear model for N x T panel data with p lags of the dependent variable, exogenous covariates, fixed effects, and unrestricted initial observations. The bias is a vector of multivariate...

In their current haste to deliver, the Doha negotiators seem to head for a package combining increased market access for “easy” products (mostly those with low or moderate tariffs) with broad exceptions in “difficult” sectors (mostly those with high tariffs). Such a mix may increase the...

La chose est connue : depuis des siècles, les Etats se mettent en défaut de paiement sur leur dette. Charles Quint en 1559 en est un exemple classique mais la monarchie française a vécu sous la menace d’une banqueroute pendant au moins cent cinquante ans, jusqu’à la Révolution. De...

Depuis son arrivée au pouvoir, le gouvernement Raffarin a voulu amorcer un changement dans la politique de l’emploi. L’inspiration de ce changement est libérale et vise à favoriser les forces du marché pour redynamiser l’emploi. L’allègement des contraintes, l’accentuation des...