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Le chômage des années 1970 était-il classique?

Listed author(s):
  • Laroque, Guy

    (INSEE, Paris)

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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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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