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Désinflation et chômage dans la zone euro : une analyse à l'aide d'un modèle VAR structurel
Fève, P.; Matheron, J.; Sahuc, J-G. - Banque de France - 2009
--run effect on inflation as well as other nominal variables cointegrating with inflation. These shocks are found to generate large …
Persistent link: https://www.econbiz.de/10008531414
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How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data?
Matheron, J.; Poilly, C. - Banque de France - 2006
In this paper, we ask whether a small structural model with sticky prices and wages, embedding various modelling devices designed to increase the degree of strategic complementarity between price-setters, can fit postwar US data. To answer this question, we resort to a two-step empirical...
Persistent link: https://www.econbiz.de/10004998832
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Une évaluation structurelle du ratio de sacrifice dans la zone euro.
Coffinet, J.; Matheron, J.; Poilly, C. - Banque de France - 2007
In this paper, we seek to estimate the sacrifice ratio of the euro area using a small DSGE model where prices and wages are sticky. We estimate model's parameters so as to minimize the distance between VAR-based and model-based covariances of a set of variables. The estimated value of the...
Persistent link: https://www.econbiz.de/10004998853
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Une estimation de la cible implicite d’inflation dans la zone euro
Fève, P.; Matheron, J.; Sahuc, J-G. - Banque de France - 2009
unemployment rate has increased and economic activity has been sluggish. Changes in the implicit inflation target, viewed as low … frequency movements of inflation, might possibly explain these developments. To highlight this issue, the present study … estimates the dynamics of the implicit inflation target in the euro zone over the period 1970Q1-2004Q4. Based on a small …
Persistent link: https://www.econbiz.de/10008477171
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Technology Shocks and Monetary Policy in an Estimated Sticky Price Model of the US Economy
Avouyi-Dovi, S.; Matheron, J. - Banque de France - 2005
In this paper, we, seek to characterize the dynamic effects of permanent technology shocks and the way in which US monetary authorities reacted to these shocks over the sample 1955(1)--2002(4). To do so, we develop an augmented sticky price-sticky wage model of the business cycle, which is...
Persistent link: https://www.econbiz.de/10005056524
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Technology Shocks and Monetary Policy in an Estimated Sticky Price Model of the Euro Area.
Avouyi-Dovi, S.; Matheron, J. - Banque de France - 2005
In this paper, we seek to characterize the dynamic effects of permanent technology shocks and the way in which European monetary authorities reacted to these shocks over the past two decades. To do so, we develop an augmented sticky price-sticky wage model of the business cycle, which is...
Persistent link: https://www.econbiz.de/10005056527
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Monetary Policy Inertia or Persistent Shocks?
Carrillo, J.; Fève, P.; Matheron, J. - Banque de France - 2006
In this paper, we propose a simple econometric framework to disentangle the respective roles of monetary policy inertia and persistent shocks in interest rate rules. The procedure exploits the cross-equation restrictions provided by a DSGE model which is confronted to a monetary SVAR. We show...
Persistent link: https://www.econbiz.de/10005082518
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La grande dépression, énigme d'hier ou d'aujourd'hui?
Duménil, Gérard - In: Revue économique : revue bimestrielle 37 (1986) 3, pp. 381-427
Persistent link: https://www.econbiz.de/10001008533
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Les métamorphoses du cycle industriel : l'exemple des Etats-Unis
Duménil, Gérard - 1989
Persistent link: https://www.econbiz.de/10001329600
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La crise de 1929 et la dépression des années trente aux Etats-Unis : des événements paradoxaux?
Duménil, Gérard - 1996
Persistent link: https://www.econbiz.de/10001340241