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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 macroéconomiques de fondements microéconomiques solides alors que l'approche IS-LM- courbe de Philipps 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 Philipps en sont à peu près au même point en ce qui concerne leur capacité à expliquer les faits stylisés du marché du travail. Many believe that the main goal behind the business cycle approach initiated by Lucas, Kydland and Prescott is to provide solid microfoundations for macroeconomic models while the IS-LM-Philipps curve approach would be mainly concerned with explaining the reality. We try to show that the business cycle approach based on the neoclassical growth model and the IS-LM-Philipps curve approach are at the present time on equal footing in their capacity to explain stylized facts for the labor market.

Suggested Citation

  • Steve Ambler & Louis Phaneuf, 1993. "Modèles du cycle économique et marché du travail," Cahiers de recherche CREFE / CREFE Working Papers 20, CREFE, Université du Québec à Montréal.
  • Handle: RePEc:cre:crefwp:20

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    References listed on IDEAS

    1. Prescott, Edward C., 1986. "Theory ahead of business-cycle measurement," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 11-44, January.
    2. Hansen, Gary D., 1985. "Indivisible labor and the business cycle," Journal of Monetary Economics, Elsevier, vol. 16(3), pages 309-327, November.
    3. Ambler, Steve, 1991. "Les modèles du cycle économique face à la corrélation productivité-emploi," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(4), pages 532-548, décembre.
    4. Romer, David, 1990. "Staggered price setting with endogenous frequency of adjustment," Economics Letters, Elsevier, vol. 32(3), pages 205-210, March.
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    7. Blanchard, Olivier Jean, 1989. "A Traditional Interpretation of Macroeconomic Fluctuations," American Economic Review, American Economic Association, vol. 79(5), pages 1146-1164, December.
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    17. Jordi Galí, 1992. "How Well Does The IS-LM Model Fit Postwar U. S. Data?," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 709-738.
    18. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
    19. David Backus, 1984. "Exchange Rate Dynamics in a Model with Staggered Wage Contracts," Working Papers 561, Queen's University, Department of Economics.
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    More about this item


    real business cycles; IS-LM model; labor market;

    JEL classification:

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


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