EconPapers    
Economics at your fingertips  
 

Chômage d'équilibre et courbe de Phillips

Henri Sneessens ()

Revue Économique, 1998, vol. 49, issue 3, 913-920

Abstract: [fre] Vingt ans après le premier choc pétrolier, notre compréhension des causes de la persistance de taux de chômage élevés en Europe reste limitée. L'évolution observée s'explique t-elle par une dérive du taux de chômage d'équilibre ou par la lenteur et la complexité des dynamiques d'ajustement enclenchées par une succession de chocs négatifs ?. L'objectif de ce texte n'est pas d'offrir une réponse à ces questions. Il est plus modestement de faire apparaître les éléments principaux du débat et de clarifier la nature des questions posées en s'efforçant de les mettre en perspective. La discussion est organisée autour du lien entre courbe de Phillips et taux de chômage d'équilibre. [eng] More than twenty years after the first oil shock, our understanding of the economic factors that may explain the persistence of high unemployment rates in Europe remains quite limited. Should we explain the unemployment rise in terms of changes in the equilibrium unemployment rate ? How should we define the latter ? Or should we rather interpret observed unemployment rate changes as the consequence of long adjustment processes triggered by a succession of negative shocks with cumulated dynamic effects ?. The objective of this note is not to provide an answer to these questions. This note is simply meant to help us focus the debate on the true issues by contrasting two approaches, one based on the Phillips curve and emphasizing dynamic aspects, the other based on imperfect competition models and emphasizing equilibrium unemployment changes.

Date: 1998
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.persee.fr/doc/reco_0035-2764_1998_num_49_3_410021 (text/html)
Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

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:prs:reveco:reco_0035-2764_1998_num_49_3_410021

Access Statistics for this article

Revue Économique is currently edited by Presses de Sciences-Po

More articles in Revue Économique from Programme National Persée
Bibliographic data for series maintained by Equipe PERSEE ().

 
Page updated 2020-05-13
Handle: RePEc:prs:reveco:reco_0035-2764_1998_num_49_3_410021