In this paper, we review the macroeconomic literature on financial frictions and banking in a dynamic general equilibrium framework. Our work focuses first on the pioneer articles that have analyzed the amplification effects associated to the financial accelerator. We then shift our attention...

In this paper, we review the macroeconomic literature on financial frictions and banking in a dynamic general equilibrium framework. Our work focuses first on the pioneer articles that have analyzed the amplification effects associated to the financial accelerator. We then shift our attention...

[fre] Dans une économie avec contraintes de liquidité, les individus ont plus de difficultés à créer leur entreprise faute d'un financement suffisant de la part des banques. Nous étudions l'effet de telles contraintes et aussi celle des coûts de création d'entreprise sur la relation...

Based on the French Labor Force Survey, we show that the likelihood of employment is significantly affected by the distance from retirement, in addition to age and other relevant variables.