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Déséquilibre général et investissement

Author

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  • Antoine d'Autume

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

  • Philippe Michel

    (CORE - Center of Operation Research and Econometrics [Louvain] - UCL - Université Catholique de Louvain = Catholic University of Louvain)

Abstract

We analyze an intertemporal disequilibrium macroeconomic model under perfect foresight and with a fixed real wage. The focus is on investment behavior derived from an intertemporal optimization. The introduction of overtime work ensures the absence of discontinuities between regimes. This enables us to clarify the respective rôles of the real wage level, of autonomous demand and of expectations in the determination of the level of output both in the short and in the long run.
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Suggested Citation

  • Antoine d'Autume & Philippe Michel, 1986. "Déséquilibre général et investissement," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00430093, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00430093
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    Cited by:

    1. Plassard, Romain, 2021. "Barro, Grossman, and the domination of equilibrium macroeconomics," MPRA Paper 107201, University Library of Munich, Germany.

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    Keywords

    déséquilibre;

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