“...This paper develops a quantitative Markovian overlapping generations model with altruistic individuals and incomplete financial markets in order to analyze the...”

“...Europeans have worked less than Americans since the 1970s. In this paper, we quantify the relative importance of the extensive and intensive margins of...”

“...This paper analyzes how the frictions in the labor market simultaneously affect the economic growth and the long run unemployment. To this goal, we develop a...”

“...This article introduces the role of labor demand of the elderly in the analysis of retirement decisions. We integrate both human capital formation and...”

“...This paper is concerned with the empirical relevance of indeterminacy and sunspots in explaining the business cycle. It argues that financial constraints...”

“...La nouvelle macro-économie keynésienne propose en général des recommandations de politique monétaire dans une économie où une subvention élimine le taux de...”

“...Recent works have stressed that precautionary savings can provide a level of insurance against unemployment risks that is comparable to the current...”

“...Cet article présente une extension du modèle de recherche d’emploi où le cycle de vie des individus est pris en considération. Nous montrons que les politiques...”