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La crise : quelles explications donne le modèle métric ?

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  • Patrick Artus
  • Pierre Morin

Abstract

[eng] rates, prices of crude-oil and raw materials) and in the economic policy on the economic crisis of 1974-1975. One of the main conclusions of the study is the fact that, even if there had been no disturbance coming from the foreign countries, the french economy would heve moved towards a situation of strong inflation and slow growth but for reasons completely different from those whitch caused the crisis, since this evolution would have been the consequence of a too high degree of utilization of production factors (capital and labour force). [fre] Le modèle économique trimestriel METRIC est utilisé pour évaluer la responsabilité des modifications de l'environnement international (demande mondiale, taux de change, prix du pétrole et des matières premières) et de la politique économique dans l'apparition de la crise de 1974-1975. Une des conclusions essentielles de l'étude est que, même en l'absence de tout choc venant de l'extérieur, l'économie française aurait évolué vers une situation de forte inflation et de faible croissance, mais pour des raisons tout à fait différentes de celles qui ont été à l'origine de la crise, puisque cette évolution aurait été la conséquence d'une utilisation trop intensive des facteurs de production (capital et travail).

Suggested Citation

  • Patrick Artus & Pierre Morin, 1979. "La crise : quelles explications donne le modèle métric ?," Revue Économique, Programme National Persée, vol. 30(6), pages 1115-1158.
  • Handle: RePEc:prs:reveco:reco_0035-2764_1979_num_30_6_408502
    DOI: 10.3406/reco.1979.408502
    Note: DOI:10.3406/reco.1979.408502
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    Cited by:

    1. François Meunier, 1982. "Un deuxième choc pétrolier plus éprouvant pour l'économie française," Économie et Statistique, Programme National Persée, vol. 149(1), pages 31-45.

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