Le rôle des variations de taux de marge dans les fluctuations macroéconomiques conjoncturelles
AbstractThis paper is concerned with the recent developments of macroeconomic intertemporal general equilibrium models with imperfect competition and variable markups at the business cycle frequency. We first present some empirical puzzles that can be explained by models with cyclical markups, and how these models raise some new questions about the introduction of materials, the returns to scale and the measure of the Solow residual. We then present the different models that can account for cyclical markups, and give some piece of evidence of their empirical relevance in the business cycle. Cet article passe en revue les développements récents de la théorie macroéconomique des fluctuations conjoncturelles qui intègrent explicitement une imperfection de la concurrence et des variations de taux de marge du prix sur le coût marginal dans le cycle. Nous présentons les questions empiriques posées, les précautions de modélisation qu’implique le choix de la concurrence imparfaite (prise en compte des consommations intermédiaires, rendements croissants, résidu de Solow), les différentes théories rendant compte de variations cycliques des taux de marge ainsi que les procédures de validation de ces théories.
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Bibliographic InfoArticle provided by Société Canadienne de Science Economique in its journal L'Actualité économique.
Volume (Year): 71 (1995)
Issue (Month): 2 (juin)
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