CHAMBIN, Marianne; PORTIER, Franck - Institut de Recherche Économique et Sociale (IRES), … - 1996
This paper studies the dynamic properties of the labour demand model with non-convex adjustment costs proposed by Bentolila and Bertola [1990]. With this model we evaluate the importance of the firing costs, following a great shock, for the dynamics of adjustment of the aggregated labour demand...