L'impact à long terme des chocs de demande

Pierre-Yves Hénin

Revue Économique, 1994, vol. 45, issue 3, 883-896

Abstract: [fre] L'impact à long terme des chocs de demande. . Dans une perspective de croissance endogène cyclique, les chocs de demande peuvent comporter un impact persistant, positif ou négatif à long terme. Après avoir rappelé les enjeux de ce débat et souligné la cohérence nécessaire entre les options méthodologiques et les hypothèses théoriques retenues, on propose un exercice original d'évaluation de l'impact à long terme des chocs de demande sur le PIB des six principales économies de l'OCDE. [eng] The long-term effect of demand disturbances. . According to an endogenous growth approach, demand shocks may involve a persistent effect in the long run, either positive, either negative. We summarize this debate and discuss the design of a proper empirical methodology to cope with it. A new identification criteria for demand shocks is proposed and used to assess the long run effect of demand shocks in six main OECD economies.

Date: 1994
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