Il mercato del lavoro nei modelli stocastici di crescita: una rassegna di applicazioni per l'economia italiana

Francesco Busato () and Bruno Chiarini

Economia politica, 2003, issue 1, 101

Abstract: The dynamic general equilibrium model is one of the dominant macroeconomic framework and one of the most used mode of business analysis within the neoclassical thought. This article surveys a great deal of debate and some adjustments used by the literature to force the model's equilibrium to be Pareto suboptimal, and present a collection of results obtained with real business cycle models constructed and calibrated for the Italian economy, focusing on labor market features. A detailed introduction shows the standard framework defined by Prescott and Merha (1980), while the rest of the paper includes some developments of this scheme applied to the Italian economy, providing simulation results and a comparative assessment of the strengths and weaknesses of the models. Some new recent developments and extensions of the standard framework, particularly interesting for building and simulating artificial economies are discussed at the end of the paper.

Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.1428/8562 (application/pdf)
https://www.rivisteweb.it/doi/10.1428/8562 (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:jb33yl:doi:10.1428/8562:y:2003:i:1:p:101

Access Statistics for this article

Economia politica is currently edited by Alberto Quadrio Curzio, Giorgio Lunghini, Pier Carlo Nicola

More articles in Economia politica from Società editrice il Mulino
Bibliographic data for series maintained by ().