UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Comparative estimates of a macroeconomic disequilibrium model: France, Germany, the U.K. and the U.S.A.

Laroque, G.; (1989) Comparative estimates of a macroeconomic disequilibrium model: France, Germany, the U.K. and the U.S.A. European Economic Review , 33 (5) pp. 963-988. 10.1016/0014-2921(89)90007-X.

Full text not available from this repository.

Abstract

The paper gives comparative estimates of a macroeconomic disequilibrium model for four countries. First a theoretical mini disequilibrium model, close to the Barro-Grossman formulation, is presented. The productivity cycle is linked with the changes in regimes. A new technique allows to compute comparative estimates of the model for France, Germany, the U.K. and the U.S.A. on the sample period 65-IV to 85-IV. The results are used to assess the ‘wage gap doctrine’, according to which the difference in the unemployment rates of Europe and the U.S.A. can be explained by a larger discrepancy between the real wage and the marginal productivity of labor on the eastern side of the Atlantic.

Type: Article
Title: Comparative estimates of a macroeconomic disequilibrium model: France, Germany, the U.K. and the U.S.A.
DOI: 10.1016/0014-2921(89)90007-X
Publisher version: http://dx.doi.org/10.1016/0014-2921(89)90007-X
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/16717
Downloads since deposit
0Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item