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A-t-on besoin d'un modèle d'hystérèse pour rendre compte de la persistance du chômage ?

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  • François Langot

Abstract

Explain the unemployment persistence is a problem at theoretical level as well as at empirical level. For Blanchard and Summers [1986], one can explain the European unemployment persistence only in the context of hysteresis model. But the hysteresis assumption seems to be not robust. Then, we construct an intertemporal general equilibrium model where the unemployment is stationary. The estimation and the tests show that this model is sufficient in order to match the French unemployment persistence.

Suggested Citation

  • François Langot, 1996. "A-t-on besoin d'un modèle d'hystérèse pour rendre compte de la persistance du chômage ?," Annals of Economics and Statistics, GENES, issue 44, pages 29-57.
  • Handle: RePEc:adr:anecst:y:1996:i:44:p:29-57
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    File URL: http://www.jstor.org/stable/20076037
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    Cited by:

    1. Van der Linden, Bruno, 1999. "Active Citizen's Income, Unconditional Income and Participation under Imperfect Competition: A Normative Analysis," LIDAM Discussion Papers IRES 1999023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

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