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Implications macroéconomiques des théories microéconomiques modernes

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  • Malinvaud, Edmond

    (Collège de France)

Abstract
It happens that scientists working on microeconomic theory claim to draw from their results macroeconomic implications, which then are either optimistic or pessimistic. These cannot be more than conjectures, whose interest depends on whether they fit within the analytical framework commonly used in macroeconomics and on whether they are exposed to empirical tests. Two types of market failures concern macroeconomics. Besides those, neither indeterminacy of some equilibria nor non-linearity of some relations necessarily have significance for explaining growth, employment or inflation. Il arrive que des chercheurs se consacrant à la théorie microéconomique prétendent tirer de leurs résultats des implications macroéconomiques, qui sont alors tantôt optimistes tantôt pessimistes. Il ne peut s’agir que de conjectures dont l’intérêt suppose qu’elles s’insèrent dans les cadres usuels de l’analyse macroéconomique et qu’elles se prêtent à des tests empiriques. Deux types de dysfonctionnement concernent la macroéconomie. En dehors d’eux ni l’indétermination de certains équilibres ni la non-linéarité de certaines relations n’ont nécessairement de portée pour l’explication de la croissance, de l’emploi ou de l’inflation.

Suggested Citation

  • Malinvaud, Edmond, 1992. "Implications macroéconomiques des théories microéconomiques modernes," L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(1), pages 11-22, mars et j.
    • Handle: RePEc:ris:actuec:v:68:y:1992:i:1:p:11-22
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    References listed on IDEAS

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