IDEAS home Printed from https://ideas.repec.org/a/adr/anecst/y1995i37-38p465-530.html
   My bibliography  Save this article

A Dynamic Model of the French Economy, with Rational Expectations, Monopolistic Competition and Labour Market Bargaining

Author

Listed:
  • Jean-Pierre Laffargue

Abstract

This paper describes a small dynamic model of the French economy in a situation of imperfect competition on all markets, with some nominal rigidity and part of households facing a liquidity constraint. Economic agents optimise over time. One of the features of this model is that the labour market is modeled in some detail. Dynamic and long-term multipliers are computed, under rational expectations, for changes in fiscal, para fiscal and budgetary policy, for alterations to the environment of France, and for structural shocks. These multipliers are given economic interpretation.

Suggested Citation

  • Jean-Pierre Laffargue, 1995. "A Dynamic Model of the French Economy, with Rational Expectations, Monopolistic Competition and Labour Market Bargaining," Annals of Economics and Statistics, GENES, issue 37-38, pages 465-530.
  • Handle: RePEc:adr:anecst:y:1995:i:37-38:p:465-530
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/20075995
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yannick L'horty & Christophe Rault, 2003. "Why Is French Equilibrium Unemployment So High? an Estimation of the Ws-Ps Model," Journal of Applied Economics, Taylor & Francis Journals, vol. 6(1), pages 127-156, May.
    2. Jacquinot, P. & Mihoubi, F., 2000. "Modele a anticipations rationnelles de la conjoncture simulee : MARCOS," Working papers 78, Banque de France.
    3. Pierre Villa, 2002. "Liquidité et passage de la valeur," Working Papers 2002-10, CEPII research center.
    4. Ferhat MIHOUBI & Pascal JACQUINOT, 2004. "The Optimality of the US and Euro Area Taylor Rule," Computing in Economics and Finance 2004 220, Society for Computational Economics.
    5. Jacquinot, P. & Mihoubi, F., 2003. "L’apport des modèles de la nouvelle génération à l’analyse économique, l’exemple de MARCOS," Bulletin de la Banque de France, Banque de France, issue 117, pages 63-84.
    6. JACQUINOT Pascal & MIHOUBI Ferhat, 2010. "The Optimality of the Taylor Rule in MARCOS: Some Deterministic and Stochastic Experiments," EcoMod2003 330700073, EcoMod.
    7. Yannick L'Horty & Florence Thibault, 1998. "Le chômage d'équilibre, de quoi parlons-nous ?," Revue Française d'Économie, Programme National Persée, vol. 13(4), pages 51-81.
    8. Pierre Villa, 2004. "Incertitude radicale et choix du modèle," Working Papers 2004-06, CEPII research center.
    9. Laffargue, Jean-Pierre & L'horty, Yannick, 1995. "Estimation d'équations d'emploi et de salaire au niveau sectoriel sur données trimestrielles. (une)," CEPREMAP Working Papers (Couverture Orange) 9511, CEPREMAP.
    10. Laffargue, Jean-Pierre, 1995. "Charges sociales, qualifications et emploi. étude à l'aide d'un modèle d'équilibre général calculable de l'économie française," CEPREMAP Working Papers (Couverture Orange) 9502, CEPREMAP.
    11. Pierre Villa, 1997. "Incertitude sur le choix du modèle et rationalité," Working Papers 1997-09, CEPII research center.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:1995:i:37-38:p:465-530. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Secretariat General or Laurent Linnemer (email available below). General contact details of provider: https://edirc.repec.org/data/ensaefr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.