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Modèles du cycle économique et marché du travail

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  • Louis Phaneuf
  • Steve Ambler

Abstract

[eng] Business cycle models and the labor market. . Many believe that the main goal behind the business cycle approach intitiated by Lucas, Kydland and Prescott is to provide solid microfoundations for macroeconomic models while the IS-LM-Phillips curve approach would be mainly concerned with explaining reality. We try to show that the business cycle approach based on the neoclassical growth model and the IS-LM-Phillips curve approach are at the present time on an equal footing in their capacity to explain stylizedfacts of the labor market. [fre] Modèles du cycle économique et marché du travail. . Nombreux sont ceux qui croient que l'approche du cycle économique initiée par Lucas, Kydland et Prescott a pour objectif fondamental de doter les modèles macro-économiques de fondements micro-économiques solides alors que l'approche IS-LM-courbe de Phillips se démarquerait par son souci et sa capacité à expliquer les faits. Nous défendons l'idée que l'approche du cycle fondée sur le modèle néoclassique de croissance et l'approche IS-LM-courbe de Phillips en sont à peu près au même point en ce qui concerne leur capacité à expliquer les faits stylisés du marché du travail.

Suggested Citation

  • Louis Phaneuf & Steve Ambler, 1994. "Modèles du cycle économique et marché du travail," Revue Économique, Programme National Persée, vol. 45(4), pages 1065-1078.
  • Handle: RePEc:prs:reveco:reco_0035-2764_1994_num_45_4_409590
    DOI: 10.3406/reco.1994.409590
    Note: DOI:10.3406/reco.1994.409590
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    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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