| Titre | La dynamique des prix et des salaires industriels : contrats échelonnés et anticipations rationnelles | |
|---|---|---|
| Auteur | Jean-Christophe Pereau | |
 |
Revue | Economie et prévision |
| Numéro | no 112, 1994/1 | |
| Page | 35-51 | |
| Résumé anglais |
Price and Industrial Wage Dynamics: Staggered Contracts and Rational Expectations,
by Jean-Christophe Pereau.
This article provides a theoretical and numerical analysis of the macroeconomic effect of wage and price rigidity in the form of staggered contracts on industrial wage and price dynamics in France. The theoretical framework chosen is a multisectorial price-wages loop in a situation of monopolistic competition. After checking the Blanchard and Kahn conditions for the values specific to the model calculated for 1993, we present the dynamic multipliers linked to transitory shocks in the price for raw materials. The results of the simulations highlight a typology of cost-push inflation mechanisms and real wage fluctuations depending on whether the shocks affecting the economy are expected or not.
Key words: staggered contracts, rational expectations, numerical simulation techniques.
JEL codes: 214, 021, 022. Source : Éditeur (via Persée) |
|
| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1994_num_112_1_5650 |
