Based on a reduced-form state-dependent pricing model with random thresholds, we specify and estimate a nonlinear panel data model with an unobserved factor representing the common cost or demand components of the unobserved optimal price. Using this model, we are able to assess the relative...

The economic and financial crisis has meant sizeable employment losses that resulted from different adjustment mechanisms in domestic firms and multinational companies. This may be due to either production plant closures or downsizing by firms that remain active. This paper evaluates the...

This paper examines heterogeneity in price stickiness using a large, original, set of individual price data collected at the retail level for the computation of the French CPI. For that purpose, we estimate at a very high level of disaggregation competing-risks duration models that distinguish...

In this paper, we first derive a theoretical model in which bank loans rates are assumed to be determined by the cost of loans (re)financing. We consider that imperfect competition prevails on the credit market and that banks determine the (re-)financing structure of the loans they grant by...

[fre] La rigidité des prix en France: quelques enseignements des relevés de prix à la consommation . . Pour décrire À l’aide de l’échantillon des relevés de prix utilisés pour le calcul de l’indice des prix à la consommation (IPC), les la rigidité des prix à la consommation en...

[eng] Labour Qualification and Labour Productivity - Labour productivity within a firm, a sector or a nation's economy depends on the qualification of the labour force which is employed. The study of panel data permits to verify the connection between the two and specify its characteristics. On...

[eng] Vocational Training and Employment: a More Definite Link in Germany - A french person under 25 is more likely to be unemployed than a German of the same age. Demographic factors and the pace at which jobs are created account for part of this difference, but educational systems also play a...

Using business survey data, we estimate an ordered probit model to explain the occurrence of producer price increases and decreases in the French manufacturing industry. Our results show that changes in intermediate input prices are the main driver of producer price changes. Changes in firms'...