Similar Search Results

Local Determinacy with Non-separable Utility

Pintus, Patrick-Antoine - HAL - 2009

This paper introduces general formulations for both technology (with input substitution) and non-separable utility (compatible with balanced growth and stationary worked hours) into a benchmark RBC model. It is shown that intertemporal substitution and input substitutability lead to local...

Persistent link: https://www.econbiz.de/10008794072

Comparing Expectational Stability Criteria in Dynamic Models: A Preparatory Overview

Gauthier, Stéphane; Guesnerie, Roger - HAL - 2005

This paper compares the most significant expectational stability criteria that have been used to assess the plausibility of perfect foresight trajectories in forward-looking dynamical systems: determinacy of trajectories, absence of neighbour sunspot trajectories, and convergence of " evolutive...

Persistent link: https://www.econbiz.de/10010570519

Indeterminacy and sunspot fluctuations in two-sector RBC models: theory and calibration

Dufourt, Frederic; Nishimura, Kazuo; Venditti, Alain - HAL - 2013

We analyze sunspot-driven fluctuations in the standard 2-sector RBC model with moderate increasing returns to scale. We provide a detailed theoretical analysis enabling us to derive relevant bifurcation loci and to characterize the steady-state local stability properties as a function of various...

Persistent link: https://www.econbiz.de/10010821423

Are Progressive Fiscal Rules Stabilizing?

Dromel, Nicolas; Pintus, Patrick-Antoine - HAL - 2006

economy against expectation-driven business cycles. Eliminating “local” sunspots that are arbitrarily close to an … cycles (and the associated “global” sunspots) that are located close to a determinate steady state. Our results are …

Persistent link: https://www.econbiz.de/10010751034

The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World

Farmer, Roger E.A.; Nourry, Carine; Venditti, Alain - HAL - 2013

Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides such an explanation. We do not rely on frictions, market incompleteness or transactions costs of any kind. Instead, we modify a...

Persistent link: https://www.econbiz.de/10010933923

Indeterminacy and Sunspot Fluctuations in Two-Sector RBC models: Theory and Calibration

Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - HAL - 2013

Persistent link: https://www.econbiz.de/10010933924

A finite set of equilibria for the indeterminacy of linear rational expectations models

Chatelain, Jean-Bernard; Ralf, Kirsten - HAL - 2014

eigenvectors related to stable eigenvalues. A finite set of equilibria is a substitute to continuous (uncountable) sets of sunspots …

Persistent link: https://www.econbiz.de/10011025992

Xenophobia and distribution in France : A politico-economic analysis.

Roemer, John; Van-Der-Straeten, Karine - HAL - 2004

taille du secteur public et l'immigration). Nous " calibrons " le modèle en utilisant des données d'enquêtes menées durant … les années d'élections présidentielles 1988 et 2002, et montrons que l'influence des questions liées à l'immigration sur …

Persistent link: https://www.econbiz.de/10008794789

Réforme "Obama" de la politique d'immigration et pronostics des théories économiques : les influences de la majorité politique et de la conjoncture économique

Guidecoq, Simon; Rocca, Michel - HAL - 2010

Les préférences de la population américaine pour une restriction de l'immigration se sont accrues avec la crise … théories économiques de la politique d'immigration. Elle démontre l'existence d'un "puzzle" entre d'une part ; les prédictions … théoriques en faveur d'un impact de la conjoncture économique sur les préférences collectives de politique d'immigration et d …

Persistent link: https://www.econbiz.de/10008804709

Migrations de travail, globalisation et politique.Les Zones industrielles qualifiantes(QIZ) de Jordanie.

Bel-Air, Françoise De; Dergarabedian, Arda - HAL - 2006

Des travaux ont illustré l'interdépendance entre les mouvements migratoires et la profonde révolution politico-économique vécue de nos jours par la plupart des Etats en développement : le passage d'une économie non-productive à un système libéral, privatisé, attirant les...

Persistent link: https://www.econbiz.de/10008788837