IDEAS home Printed from https://ideas.repec.org/a/prs/ecoprv/ecop_0249-4744_1993_num_107_1_5594.html
   My bibliography  Save this article

Quelle est la configuration des cycles aux États-Unis ? Une modélisation dynamique traditionnelle

Author

Listed:
  • Patrick Artus
  • François Lecointe

Abstract

[eng] What is the Configuration of Cycles in the United States? A Traditional Dynamic Model, . by Patrick Artus, François Lecointe.. . The "normal"confïguration of economic cycles has recently been under review in the United States. After examination of the behaviours or mechanisms causing cyclical fluctuations, we have derived a dynamic econometric model for the American economy. This makes it possible to determine the scope, periodicity and sources of American economic cycles, and thus to clarify current debate on what emergence from recession will be like. [ger] Der Verlauf der Konjunkturzyklen in den Vereinigten Staaten. Eine herkömmliche dynamische Modellbildung, . von Patrick Artus, François Lecointe.. . In den Vereinigten Staaten ist der "normale" Verlauf eines Konjunkturzyklus in jüngster Zeit Gegenstand zahlreicher Diskussionen gewesen. Nachdem untersucht worden ist, welche Verhaltensweisen oder Mechanismen zyklische Schwankungen verursachen können, wird in diesem Artikel ein dynamisches Ökonomerriemodell für die amerikanische Wirtschaft geschätzt. Dies ermöglicht es, die Dauer, die Periodizität und die Ursache der amerikanischen Konjunkturzyklen zu bestimmen, und gibt Aufschluß über die Diskussionen, die gegenwärtig tiber die Möglichkeit der Überwindung der Rezession geführt werden. [spa] Configuración de los ciclos económicos en los Estados Unidos. Modelización dinámica conventional, . por Patrick Artus y François Lecointe.. . La configuración "normal" de un ciclo económico fue sometida recientemente a un análisis en los Estados Unidos. Tras examinar los comportamientos o los mecanismos que pueden originar fluctuaciones cîclicas, se élabora un modelo econométrico dinámico para la economía estadounidense. Esto permite determinar la importancia, la periodicidad y la fuente de los ciclos económicos estadounidenses y aclarar así los debates actuales respecto a las soluciones que permitan salir de la recesión. [fre] Quelle est la configuration des cycles aux États-Unis ? Une modélisation dynamique traditionnelle, . par Patrick Artus, François Lecointe.. . La configuration "normale" d'un cycle économique a fait récemment l'objet de nombreuses interrogations aux États-Unis. Après avoir examiné quels comportements ou mécanismes pouvaient être à l'origine de fluctuations cycliques, nous estimons un modèle économétrique dynamique pour l'économie américaine. Cela permet de déterminer l'ampleur, la périodicité et la source des cycles économiques américains, et ainsi d'éclairer les débats présents sur le profil de sortie de récession.

Suggested Citation

  • Patrick Artus & François Lecointe, 1993. "Quelle est la configuration des cycles aux États-Unis ? Une modélisation dynamique traditionnelle," Économie et Prévision, Programme National Persée, vol. 107(1), pages 1-14.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_1993_num_107_1_5594
    DOI: 10.3406/ecop.1993.5594
    Note: DOI:10.3406/ecop.1993.5594
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecop.1993.5594
    Download Restriction: no
    File URL: https://www.persee.fr/doc/ecop_0249-4744_1993_num_107_1_5594
    Download Restriction: no
    File URL: https://libkey.io/10.3406/ecop.1993.5594?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bernanke, Ben S & Parkinson, Martin L, 1991. "Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 439-459, June.
    2. Ben Bernanke & Mark Gertler, 1990. "Financial Fragility and Economic Performance," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(1), pages 87-114.
    3. Alberto Alesina, 1987. "Macroeconomic Policy in a Two-Party System as a Repeated Game," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(3), pages 651-678.
    4. Mankiw, N Gregory, 1989. "Real Business Cycles: A New Keynesian Perspective," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 79-90, Summer.
    5. Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 39-69, February.
    6. Bernanke, Ben S, 1983. "Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression," American Economic Review, American Economic Association, vol. 73(3), pages 257-276, June.
    7. Baxter, Marianne, 1991. "Business cycles, stylized facts, and the exchange rate regime: evidence from the United States," Journal of International Money and Finance, Elsevier, vol. 10(1), pages 71-88, March.
    8. King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : I. The basic neoclassical model," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 195-232.
    9. Robert J. Barro & Robert G. King, 1984. "Time-Separable Preferences and Intertemporal-Substitution Models of Business Cycles," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(4), pages 817-839.
    10. Long, John B, Jr & Plosser, Charles I, 1987. "Sectoral vs. Aggregate Shocks in the Business Cycle," American Economic Review, American Economic Association, vol. 77(2), pages 333-336, May.
    11. William D. Nordhaus, 1975. "The Political Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(2), pages 169-190.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cooper, Russell & Ejarque, Joao, 1995. "Financial intermediation and the Great Depression: a multiple equilibrium interpretation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 43(1), pages 285-323, December.
    2. Charles I. Plosser, 1989. "Money and business cycles: a real business cycle interpretation," Proceedings, Federal Reserve Bank of St. Louis.
    3. King, Robert G. & Rebelo, Sergio T., 1999. "Resuscitating real business cycles," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 14, pages 927-1007, Elsevier.
    4. Canova, Fabio, 1998. "Detrending and business cycle facts," Journal of Monetary Economics, Elsevier, vol. 41(3), pages 475-512, May.
    5. Coulombe, Raphaelle G., 2021. "The electoral origin of government spending shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 129(C).
    6. Blomberg, S. Brock & Hess, Gregory D., 2003. "Is the political business cycle for real?," Journal of Public Economics, Elsevier, vol. 87(5-6), pages 1091-1121, May.
    7. Andrei Polbin & Sergey Drobyshevsky, 2014. "Developing a Dynamic Stochastic Model of General Equilibrium for the Russian Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 166P, pages 156-156.
    8. Marianne Baxter & Robert G. King, 1991. "Productive externalities and business cycles," Discussion Paper / Institute for Empirical Macroeconomics 53, Federal Reserve Bank of Minneapolis.
    9. Escañuela Romana, Ignacio, 2016. "Azar, Determinismo e Indecidibilidad en la Teoría del Ciclo Económico [Randomness, Determinism and Undecidability in the Business Cycle Theory]," MPRA Paper 72978, University Library of Munich, Germany.
    10. Sean Holly & Ivan Petrella, 2012. "Factor Demand Linkages, Technology Shocks, and the Business Cycle," The Review of Economics and Statistics, MIT Press, vol. 94(4), pages 948-963, November.
    11. Hansen, G.D. & Ohanian, L.E., 2016. "Neoclassical Models in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130, Elsevier.
    12. Mankiw, N Gregory, 1988. "Recent Developments in Macroeconomics: A Very Quick Refresher Course," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(3), pages 436-449, August.
    13. Robert F. Engle & Joao Victor Issler, 1993. "Estimating Sectoral Cycles Using Cointegration and Common Features," NBER Working Papers 4529, National Bureau of Economic Research, Inc.
    14. Potrafke, Niklas, 2010. "The growth of public health expenditures in OECD countries: Do government ideology and electoral motives matter?," Journal of Health Economics, Elsevier, vol. 29(6), pages 797-810, December.
    15. Chang, Yongsung, 2000. "Wages, business cycles, and comparative advantage," Journal of Monetary Economics, Elsevier, vol. 46(1), pages 143-171, August.
    16. Christopher Baum & Neslihan Ozkan & Mustafa Caglayan, 2003. "Sectoral fluctuations in U.K. firms' investment expenditures," Economics Bulletin, AccessEcon, vol. 5(13), pages 1-10.
    17. Mankiw, N Gregory, 1990. "A Quick Refresher Course in Macroeconomics," Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1645-1660, December.
    18. Etro, Federico, 2017. "Research in economics and macroeconomics," Research in Economics, Elsevier, vol. 71(3), pages 373-383.
    19. Yi Wen, 2005. "By force of demand: explaining international comovements and the saving-investment correlation puzzle," Working Papers 2005-043, Federal Reserve Bank of St. Louis.
    20. Ignacio Escañuela ROMANA, 2016. "Randomness, Determinism and Undecidability in the Economic Cycle Theory," Journal of Economics and Political Economy, KSP Journals, vol. 3(4), pages 638-658, December.

    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:prs:ecoprv:ecop_0249-4744_1993_num_107_1_5594. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/ecop .

    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.