The Life Cycle Model implies an excessive indebtedness if borrowing is permitted at a rate equal to the lending rate. This will induce at the macroeconomic level a negative asset position for the whole household sector. Two extensions of the model will be described here, the consumer faces...

In this paper, the overlapping generations model is used to study the macroeconomic implications of the Life Cycle theory. We adopt a continuous time version of the model with possibly several categories of agents per generation. We consider an economy with two interest rates (lending and...

[fre] L'article présente la conception générale du modèle trimestriel de l'OFCE. Il en décrit les principales équations. Il montre les résultats des simulations effectuées sur le passé et étudie quelques variantes de politique économique. [eng] This article presents the general...

[eng] The Life Cycle Model, a Numericalc Approach Françoise Charpin The purpose of this article in to determinate numerically the behaviour of consumption, saving and accumulation resulting from the application of the life cycle model. In its elementary version this model admits only one...

[eng] This paper presents the building of a leading indicator for the French economy and its possible use. The aim of the indicator is to predict the GDP growth for the current quarter and for the next quarter. The leading indicator includes monthly information and can be estimated each month....

[eng] Industrial hiccup. Forecast for 1999-2000 for the French economy Forecast for 1999-2000 for the French economy Division Economie fran aise Growth is expected to reach 2.6% and 3.2% in 1999 and 2000 respectively. By the end of 1998 and the beginning of 1999, the French industry has slowed...

[eng] This article reviews the principle results of an inquiry on home communications, conducted in 1987 for France-Télécom. It concerns financial budgets and household schedules for different communication activities : reading, the press, telephone, radio, television, records, videorecorder,...

[fre] Les prévisions quantitatives comportent deux parties : — des prévisions relatives à l'environnement international, établies sous la responsabilité du département des diagnostics, présentant notamment révolution attendue de nos principaux partenaires (USA, RFA, Royaume-Uni et...

[eng] For lack of data, economists have systematically performed an analysis in terms of flows and ignored the stocks. Now, in France there are wealth accounts, from 1970 and for every agent of the national accounting. The household wealth, easier to evaluate, may be retropolated and its longrun...

[eng] Optimal Financing Of Housing By The Lifecycle Theory André Babeau, François Charpin The purpose of this article is to study the optimal way to finance an housing investment using the lifecycle theory. For a given amount of purchase, we determine the optimal date of purchase, the...