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Le chômage des années 1970 était-il classique?

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  • Laroque, Guy

    (INSEE, Paris)

Abstract

The purpose of this paper is to examine, using macro-econometric models based on French data, how the fix-price model describes the economic situation of the 1970's. The structure of these models is briefly surveyed and, with regards to the present paper, the more relevant results are given. The possibility that weaknesses in the empirical works explain the low probability that the economy is in a classical unemployment regime in then explored. Some suggestions of alternative specifications are formulated. These suggested changes might give a higher probability of occurence of this kind of regime. L’objet du présent article est d’examiner, en s’appuyant sur les résultats des modèles macroéconométriques relatifs à l’économie française, comment le modèle à prix fixes rend compte de la conjoncture des années 1970. Nous commençons par rappeler brièvement la structure de ces modèles. Puis nous décrivons les résultats pertinents pour le problème à l’étude et nous essayons de voir si les points faibles de ces travaux empiriques sont responsables de l’importance très modérée qu’ils accordent au chômage classique. Nous terminons par quelques suggestions de spécifications alternatives pouvant éventuellement donner une place plus importante à ce type de chômage.

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Bibliographic Info

Article provided by Société Canadienne de Science Economique in its journal L'Actualité économique.

Volume (Year): 62 (1986)
Issue (Month): 3 (septembre)
Pages: 349-364

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Handle: RePEc:ris:actuec:v:62:y:1986:i:3:p:349-364

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  1. Barro, Robert J & Grossman, Herschel I, 1971. "A General Disequilibrium Model of Income and Employment," American Economic Review, American Economic Association, vol. 61(1), pages 82-93, March.
  2. Artus, Patrick & Laroque, Guy & Michel, Gilles, 1984. "Estimation of a Quarterly Macroeconomic Model with Quantity Rationing," Econometrica, Econometric Society, vol. 52(6), pages 1387-1414, November.
  3. Sneessens, H. R., 1983. "A macroeconomic rationing model of the belgian economy," European Economic Review, Elsevier, vol. 20(1-3), pages 193-215, January.
  4. Kooiman, P. & Kloek, T., 1985. "An empirical two market disequilibrium model for Dutch manufacturing," European Economic Review, Elsevier, vol. 29(3), pages 323-354.
  5. Gourieroux, Christian & Laroque, Guy, 1985. "The Aggregation of Commodities in Quantity Rationing Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(3), pages 681-99, October.
  6. Muellbauer, John & Portes, Richard, 1978. "Macroeconomic Models with Quantity Rationing," Economic Journal, Royal Economic Society, vol. 88(352), pages 788-821, December.
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