Recent studies on general equilibrium models with transaction costs show that the dynamics of the real exchange rate are necessarily nonlinear. Our contribution to the literature on nonlinear price adjustment mechanisms is threefold. First, we model the real exchange rate by a Multi-Regime...

This paper explores the existence of a bounce-back effect in inventory investment using the European Community opinion survey on stocks of finished products in manufacturing. A threshold autoregression allowing for a transitory strong recovery phasis is estimated for French, German and European...

This paper proposes an empirical exploration of the possible asymmetric nature of the preferences of central bankers, with respect to inflation and output targets. The idea underlying this work lies in the widespread belief that central bankers interventions - through changes in a short-term...

This article highlights the importance of power relations in subcontracting relationships and analyzes their impact on firms’ employment management practices. We show that the use of subcontracting creates a chain of inter-firm economic dependency because it leads the principal contractor...

[spa] La dinámica asimétrica del empleo durante el ciclo por Corinne Perraudin . Este articulo propone examinar la asimetria ciclica del empleo en Francia, en los Estados Unidos, en Alemania y en Inglaterra a partir de una modelización no lineal univariada. Nuestro trabajo selecciona por ello...