This paper proposes an empirical study of the shape of recoveries in financial markets from a bounce-back augmented Markov Switching model. This model is estimated for monthly stock market returns data of five developed countries for the post-1970 period. The presence and shape of the...

[eng] Interest Rates, Monetary Policy and Economic Activity in France: An Empirical Investigation, . by Frédérique Bec and Jean-Olivier Hairault.. . The properties of these elements are studied in terms of the cointegration of product in volume, a monetary aggregate, a price index and a...

[eng] This paper offers an examination of the impact of globalisation on macroeconomic volatility in Western countries using a two-good, two-country stochastic dynamic general equilibrium model. These countries differ mainly in the proportions of skilled and unskilled workers that they possess....