IDEAS home Printed from
   My bibliography  Save this article

Chocs nominaux, rivalités salariales et non-stationnarité du produit agrégé


  • Hubert Kempf


[fre] La mise en évidence de la non-stationnarité du produit a amené les macroé­conomistes à minorer le rôle que les rigidités nominales peuvent jouer dans la dynamique du produit agrégé, dans la mesure où les modèles conventionnels exhibant des rigidités nominales, fondées sur des contrats de prix ou de salaire imbriqués, ne permettaient pas théoriquement d'engendrer une telle non-stationnarité du produit. Nous montrons, dans cet article, que ce désaveu est prématuré. Nous développons un modèle à contrats imbriqués capable d'engendrer un processus dynamique pour le produit agrégé qui peut accepter une racine unitaire comme solution. Cela est dû à la combinaison de deux types de rigidités nominales, capable d'engendrer une dynamique complexe qui peut être non stationnaire. [eng] Nominal shocks, wage rivalry and the non-stationarity of aggregate output. . The existence of the non-stationnarity of GNP has induced macroeconomists to downplay the role of nominal rigidities on output persistence, since it was thought that conventional models with nominal rigidities based on staggered (wage or price) contracts could not exhibit such a phenomenon. We show in this paper that this conclusion is premature. We develop a model with staggered contracts generating a dynamic process for aggregate output which may accept a unit root as a solution. This is due to the combination of two types of nominal rigidities, generating a complex dynamics which can be non-stationary.

Suggested Citation

  • Hubert Kempf, 2000. "Chocs nominaux, rivalités salariales et non-stationnarité du produit agrégé," Revue Économique, Programme National Persée, vol. 51(4), pages 831-841.
  • Handle: RePEc:prs:reveco:reco_0035-2764_2000_num_51_4_410557

    Download full text from publisher

    File URL:
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Blomström, Magnus & Kokko, Ari, 1997. "Regional Integration and Foreign Direct Investment," CEPR Discussion Papers 1659, C.E.P.R. Discussion Papers.
    2. Motta, Massimo & Norman, George, 1996. "Does Economic Integration Cause Foreign Direct Investment?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(4), pages 757-783, November.
    3. María Inés Terra & Marcel Vaillant, 1998. "Política comercial y política de infraestructura: un ejercicio de simulación de los impactos regionales en el MERCOSUR," Documentos de Trabajo (working papers) 0797, Department of Economics - dECON.
    4. Antoine Bouët, 2000. "La mesure des protections commerciales nationales," Working Papers 2000-15, CEPII research center.
    5. Norman, George & Motta, Massimo, 1993. "Eastern European Economic Integration and Foreign Direct Investment," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 2(4), pages 483-507, Winter.
    6. María Inés Terra & Adriana Gigliotti, 1994. "Mercosur: localización de la producción. Un modelo de geografía económica," Documentos de Trabajo (working papers) 0794, Department of Economics - dECON.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_2000_num_51_4_410557. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.