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Approche d’équilibre général stochastique du cycle économique : problèmes et réalisations

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  • Phaneuf, Louis

    (Département des sciences économiques, Université du Québec à Montréal)

Abstract

This paper presents and evaluates recent developments in the general equilibrium approach to business cycles. It discusses the foundations of the approach: the Friedman-Phelps natural rate hypothesis, intertemporal substitution and spatial distribution of markets. It also covers expectations and the role of monetary policy. Ce texte présente et évalue les principaux développements théoriques et empiriques associés à l’approche d’équilibre général stochastique du cycle économique. On discute des fondements de l’approche partant de l’hypothèse du taux naturel de Friedman-Phelps, de la substitution intertemporelle et de la dispersion spatiale des marchés. Les questions de la formation des anticipations et du rôle de la politique monétaire sont également abordées.

Suggested Citation

  • Phaneuf, Louis, 1986. "Approche d’équilibre général stochastique du cycle économique : problèmes et réalisations," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(1), pages 110-146, mars.
    • Handle: RePEc:ris:actuec:v:62:y:1986:i:1:p:110-146
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