Titlebook: New Trends in Macroeconomics; Claude Diebolt (Directeur de Recherche au CNRS),Ca Book 2005 Springer-Verlag Berlin Heidelberg 2005 Applied

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https://doi.org/10.1007/3-540-28556-3Applied Econometrics; Economic Growth; cointegration; econometrics; economic policy; economics; forecastin

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The Propagation of Macroeconomic Shocks: A Dynamic Model with Contracts and Imperfect Competition,e contracts are set by fully maximizing agents in a framework of imperfect competition. We derive the optimal values for wage and price contracts and compute closed form solutions to the resulting dynamics. We show that wage and price contracts of reasonable durations can create persistence and a hu

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Variable Elasticity of Substitution and Economic Growth: Theory and Evidence,ework allows the elasticity of factor substitution to interact with the level of economic development. First, we show that the model can exhibit unbounded endogenous growth despite the absence of exogenous technical change and the presence of non-reproducible factors. Second, we provide some empiric

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Non-stationarity Tests in Macroeconomic Time Series,ts, with or without structural changes. We also present the direct relation between non-stationarity tests and four economic theories, such as business cycles, hysteresis, purchasing power parity and convergence.