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Les modèles keynésiens et de cycles réels sont-ils si différents ?

Patrick Fève and Claude Jessua

Revue Économique, 1996, vol. 47, issue 3, 521-530

Abstract: [eng] The purpose of this paper is to study the quantitative implications of the keyne-sian and R.B.C. models. The structural parameters of the R.B.C. model are obtai­ned through estimates of the observed and simulated keynesian model. This application of indirect inference indicates that the data are not sufficently informa­tive to distinguish between these two representations of the aggregate economy. Nevertheless, this result comes from the introduction of an "error term" into the R.B.C. model. [fre] L'objectif de cet article est d'étudier les implications quantitatives des modèles keynésiens et de cycles réels. Les paramètres structurels du modèle RBC sont obtenus à l'aide des estimations du modèle keynésien observé et simulé. Cette application de /'inference indirecte indique que les données n'apportent pas suffi­samment d'information pour qu'il soit possible de discriminer entre ces deux repré­sentations de l'économie agrégée. Cependant, ce résultat provient de la prise en compte d'un "terme d'erreur" dans le modèle de cycle réel.

Date: 1996
Note: DOI:10.3406/reco.1996.409788
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