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Une maquette de moyen terme de l'économie française

Author

Listed:
  • Antoine d'Autume

    (EUREQUA - Equipe Universitaire de Recherche en Economie Quantitative - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Alain Quinet

Abstract

This paper presents a simple small-scale model of the French economy, which can be used for forecasting and assessing shocks and macroeconomic policies. We model a small open economy with fixed exchange rates and a given real interest rate. The economy has two sectors, namely tradable and non-tradable goods. Agents'behaviour is described simply and robustly, without the introduction of rational expectations and with the systematic use of error correction mechanisms. The dynamics of financial wealth are taken into account, since wealth effects naturally ensure the long-run convergence of per capita wealth and the satisfaction of solvency constraints. The short-run dynamics incorporate the Keynesian sticky price and wage elements. The model's long-run aspect is largely calibrated and the short-run dynamics are estimated.

Suggested Citation

  • Antoine d'Autume & Alain Quinet, 2001. "Une maquette de moyen terme de l'économie française," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00202027, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00202027
    as

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    References listed on IDEAS

    as
    1. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173, Decembrie.
    2. Antoine d’Autume & Alain Quinet, 2001. "Une maquette de moyen terme de l'économie française," Economie & Prévision, La Documentation Française, vol. 148(2), pages 1-21.
    3. Jean-Pierre Laffargue, 1997. "Chômage des non qualifiés et progrès technique. Le modèle "Charlotte"," Revue Économique, Programme National Persée, vol. 48(5), pages 1311-1335.
    4. Laffargue, Jean-Pierre & Malgrange, Pierre & Pujol, Thierry, 1992. "Une maquette trimestrielle de l’économie française avec anticipations rationnelles et concurrence monopolistique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(1), pages 225-261, mars et j.
    5. Blanchard, Olivier J, 1985. "Debt, Deficits, and Finite Horizons," Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
    6. repec:adr:anecst:y:1999:i:53:p:01 is not listed on IDEAS
    7. Pierre Malgrange, 1996. "Vers une modélisation macro-économique rationnelle ?," Économie et Prévision, Programme National Persée, vol. 125(4), pages 61-72.
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    Cited by:

    1. Xavier Chojnicki & Lionel Ragot, 2016. "Impacts of Immigration on an Ageing Welfare State: An Applied General Equilibrium Model for France," Fiscal Studies, Institute for Fiscal Studies, vol. 37, pages 258-284, June.
    2. Antoine d’Autume & Alain Quinet, 2001. "Une maquette de moyen terme de l'économie française," Economie & Prévision, La Documentation Française, vol. 148(2), pages 1-21.
    3. Jean Chateau, 2006. "Disparities in Pension Financing in Europe: Economic and Financial Consequences," Working Papers 2006-09, CEPII research center.

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    More about this item

    Keywords

    macroéconomie-chômage-politique économique-modélisation; macroeconomics-unemployment-economic policy-economic modelling;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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