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Modèle à Anticipations Rationnellesde la COnjoncture Simulée : MARCOS

Author

Listed:
  • Pascal Jacquinot

    (Banque de France, Centre de Recherche)

  • Ferhat Mihoubi

    (EPEE, Université d’Evry Val-d’Essonne et Banque de France, Centre de Recherche)

Abstract

MARCOS est un modèle étalonné de l'économie française en présence d'anticipations rationnelles. Son principal objectif est la réalisation d'exercices de simulation sur un horizon de moyen long terme. Il a été construit en adoptant l'hypothèse d'un petit pays où les marchés des biens et du travail sont dans un contexte de concurrence monopolistique, les salaires sont négociés suivant un modèle de droit à gérer l'emploi et la consommation des ménages non contraints par les liquidités résulte d'un comportement d'optimisation intertemporelle prenant en considération l'hypothèse de cycle de vie. Plusieurs simulations de chocs de politique économique et d'environnement international sont réalisées afin d'évaluer les propriétés dynamiques de MARCOS.

Suggested Citation

  • Pascal Jacquinot & Ferhat Mihoubi, 2001. "Modèle à Anticipations Rationnellesde la COnjoncture Simulée : MARCOS," Documents de recherche 01-20, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    • Handle: RePEc:eve:wpaper:01-20
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    References listed on IDEAS

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    1. Hamid Faruqee & Douglas Laxton & Steven Symansky, 1997. "Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence," IMF Staff Papers, Palgrave Macmillan, vol. 44(3), pages 374-382, September.
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    Cited by:

    1. Gilbert Cette & Christian Pfister, 2004. "Challenges of the “New Economy” for Monetary Policy," International Productivity Monitor, Centre for the Study of Living Standards, vol. 8, pages 27-36, Spring.
    2. JACQUINOT Pascal & MIHOUBI Ferhat, 2010. "The Optimality of the Taylor Rule in MARCOS: Some Deterministic and Stochastic Experiments," EcoMod2003 330700073, EcoMod.
    3. 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.
    4. Baghli, M. & Brunhes-Lesage, V. & De bandt, O. & Fraisse, H. & Villetelle, J-P., 2004. "MASCOTTE: Model for AnalySing and foreCasting shOrT TErm developments," Working papers 106, Banque de France.

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    More about this item

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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