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Croissance et inflation dans un modèle de déséquilibres

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  • Pierre Picard

Abstract

[fre] Cet article est consacré à l'étude de la dynamique des équilibres temporaires à prix fixés, dans le cadre d'un modèle macroéconomique de croissance. L'étude se situe dans le cadre d'un modèle du type Barro-Grossman, complété par la donnée d'une fonction d'investissement. La dynamique de l'économie est fondée sur l'évolution du salaire réel, des encaisses des ménages et du stock de capital. On caractérise les sentiers de croissance équilibrée ainsi que les fluctuations cycliques qui peuvent y conduire. L'étude éclaire notamment les rapports entre croissance et inflation ; elle montre que ceux-ci dépendent de manière fondamentale des hypothèses faites sur le processus d'ajustement des prix et des salaires et donc du mode de régulation en vigueur dans l'économie. [eng] Growth anp inflation in a disequilibrium model . Pierre Picard. The purpose of this paper is to study the dynamics of temporary equilibria — or fixed-price equilibria — in the framework of a macroeconomic growth model. The general framework of the study is a model of the Barro-Grossman type. The dynamics rests upon adjustment processes of real wages, money balances and capital stock.. We characterize the balanced growth pathes and business cycles of the model. The paper shows that the relation between growth and inflation is strictly linked to the assumptions which are mode about the adjustment processes of prices and wages.

Suggested Citation

  • Pierre Picard, 1981. "Croissance et inflation dans un modèle de déséquilibres," Revue Économique, Programme National Persée, vol. 32(6), pages 1013-1044.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1981_num_32_6_408629
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    References listed on IDEAS

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    1. Ito, Takatoshi, 1980. "Disequilibrium growth theory," Journal of Economic Theory, Elsevier, vol. 23(3), pages 380-409, December.
    2. Edmond Malinvaud, 1978. "Nouveaux développements de la théorie macroéconomique du chômage," Revue Économique, Programme National Persée, vol. 29(1), pages 9-25.
    3. Robert Boyer & Jean-Pascal Benassy & Rosa-Maria Gelpi, 1979. "Régulation des économies capitalistes et inflation," Revue Économique, Programme National Persée, vol. 30(3), pages 397-441.
    4. Jean-Pascal Benassy, 1975. "Neo-Keynesian Disequilibrium Theory in a Monetary Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(4), pages 503-523.
    5. 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.
    6. Antoine d'Autume, 1985. "Équilibres non-walrasiens et macroéconomie," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00452499, HAL.
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    Cited by:

    1. Philippe Michel, 1982. "Trois facteurs de la crise dans un modèle de croissance contrainte," Revue Économique, Programme National Persée, vol. 33(5), pages 807-838.
    2. Henri Sterdyniak & Michèle Debonneuil, 1984. "La boucle prix-salaires dans l'inflation," Revue Économique, Programme National Persée, vol. 35(2), pages 267-312.

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