Research

Publications

Asymmetric unemployment fluctuations and monetary policy trade-offs, forthcoming in the Review of Economic Dynamics.

A significant trade-off between inflation and unemployment stabilization arises in a New Keynesian model with search and matching frictions in the labor market when two conditions are met: 1) steady-state distortions are large; 2) the fundamental surplus is small. Wage rigidity is neither a necessary nor a sufficient condition.

Labor supply factors and economic fluctuations, with Claudia Foroni (ECB) and Francesco Furlanetto (Norges Bank). 2018, International Economic Review.

A new VAR identification scheme to disentangle demand and technology shocks from several labor market shocks, including wage bargaining, labor supply, and matching efficiency shocks.

Reduced form wage equations in the credible bargaining model, joint with Vincent Boitier (Université du Mans). 2018, Labour Economics.

A simple and transparent wage equation can be derived in the credible bargaining model of Hall and Milgrom (2008) when a plausible parameter restriction is imposed.


Working Papers

The optimal rate of inflation with discount factor heterogeneity, revised November 2018, R&R JMCB

The optimal long-run inflation rate is no longer zero in an environment characterized by price stickiness and monopolistic competition once discount factor heterogeneity (between the planner and firms) is introduced. This result is derived analytically in two different frameworks. First, in a standard New Keynesian model in which the heterogeneity in discount factors is imposed exogenously. Second, in a model with a perpetual youth structure in which it arises endogenously.

Work in progress

Wage cyclicality over the business cycle: evidence from France, with Idriss Fontaine (Université de la Réunion) and Clément Malgouyres (IPP).
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Lepetit Antoine,
19 mars 2018 à 10:44
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Lepetit Antoine,
24 oct. 2017 à 01:54
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Lepetit Antoine,
13 sept. 2017 à 09:34
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Lepetit Antoine,
19 mars 2018 à 10:45
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