Recherche

L'Économie en centre-ville d’Orléans : le LÉO et le futur campus universitaire ouvriront sur le site Porte-Madeleine en Septembre 2026

Enseignement

Les membres et président du jury félicitent chaleureusement Hugo ORIOLA pour sa brillante soutenance de thèse qui porte sur l'impact direct ou indirect des actions de la banque centrale sur le résultat des élections.

Recherche

Pourquoi est-il si difficile de réformer les retraites en France ? Une réflexion d'Anne Lavigne, Professeur en économie au LÉO et conseillère au COR de 2016 à 2022

Le LÉO est un laboratoire d'économie rassemblant des enseignants-chercheurs de l'Université Clermont-Auvergne, de l'Université d'Orléans et de l'Université de Tours.

Il comprend une centaine de membres, dont les recherches couvrent trois grands domaines de compétence :

logo-univ-orléans

Actualités du laboratoire

Recherche

19/09/2025

1ère Conférence Annuelle « Les ECOPOL »

07/10/2025

Les mutations de la finance dans un monde fragmenté

15/05/2025

Forecasting Inflation Expectations with Adaptive Learning

24/04/2025

Carbon curse: As you extract, so you will burn

03/04/2025

Trusting up: How Social Hierarchies shape Social Trust

27/03/2025

Droughts and Agricultural Land Concentration in France

Enseignement

02/10/2025

First-year PhD Students Presentation

19/06/2025

Should I Wait or Should I Pay? The Dynamics of Private and Public Healthcare

05/06/2025

Should the Central Bank react? Extreme Weather Events and Price Dynamics in the Philippines

22/05/2025

Seeing Through the Algorithm: How Explainability Shapes Decision-Making on Robo-Advisor Platforms

20/03/2025

New PhD Student Presentation

20/03/2025

Willingness to pay for the environment : the role of social status and of proactive attitude

Dernières publications

> Toutes les publications

Effects of International Climate Agreements on Trade in Environmental Goods: The Kyoto Protocol

Ben-Vieira Kouassi


2025-10-14

This study analyzes the impact of international climate agreements-specifically the Kyoto Protocol-on the trade in environmental goods over the period 1997-2021. Using entropy balancing and a sample of 112 countries, we show that the Kyoto Protocol led to an overall increase in the trade of environmental goods among Annex B countries. During this period, the protocol notably stimulated imports, although it did not significantly boost exports prior to 2016. The analysis also highlights heterogeneities linked to countries' technological capacities, economic structures, and institutional characteristics.
Lien HAL

Volatility during the Global Financial Crisis and COVID-19 pandemic through the lens of high-frequency data: a Realized GARCH approach

Denisa Banulescu-Radu, Peter Reinhard Hansen, Zhuo Huang, Marius Matei


2025-10-12

This article has two primary objectives: 1) to propose a new parametric model of volatility and 2) to identify the days with the most significant volatility shocks, while exploring the events that triggered these shocks. We analyze financial volatility during the global financial crisis and the COVID-19 pandemic, utilizing high-frequency financial data and an improved model, which incorporates asymmetry and handles outliers, to estimate volatility and determine the timing of the largest shocks within the day. For instance, for the global financial crisis, major volatility shocks coincide with events such as the bankruptcy of Lehman Brothers and the failure of the Emergency Economic Stabilization Act. However, the largest shock occurred on February 27, 2007, which, despite coinciding with market events like a Chinese stock market crash and Freddie Mac's tighter subprime loan policy, was primarily caused by a computer glitch. Our analysis underscores the value of high-frequency data in modeling financial volatility and identifying the key events driving volatility shocks.
Lien HAL

A tool for economists to make the search for conferences and special issues more efficient and transparent

Jean-Charles Bricongne, Diyar Can, Marwan Menaa, Guillaume de Rouville, Janna Bengouirah, Ismaël Fall


2025-08-25

Each year, hundreds of economics conferences, workshops, and seminars take place around the world. For researchers, timely access to clear information-especially regarding calls for papers and special issues-is essential to target the right venues and improve their chances of publication. Organizers also benefit from reaching the right contributors to maintain the quality and relevance of their events. ConfWatcher is a tool designed specifically for economists to meet this need. It combines web scraping, text analysis and generative artificial intelligence via large language models (LLMs) to automatically identify and monitor relevant academic events. The platform focuses on high-quality conferences organized by central banks, international organizations, journals, research centers, and professional associations. With its simple and userfriendly interface, ConfWatcher helps economists stay informed, plan submissions more strategically, and connect with the most valuable opportunities in their field.

Lien HAL

La capitalisation collective permet-elle une équité intergénérationnelle ? L’exemple de la réforme des fonds de pension aux Pays-Bas

Anne Lavigne


Revue d'économie financière - 2025-08

Le Parlement néerlandais a approuvé une réforme majeure des régimes de retraite professionnelle en juin 2023. Jusqu’alors, ces fonds de pension étaient gérés en capitalisation, mais garantissaient aux affiliés une prestation définie, analogue aux annuités des régimes de retraite fonctionnant en répartition. Bien que les règles de calcul des prestations aient été progressivement durcies pour les salariés, la garantie d’une pension certaine pesait sur les employeurs qui supportaient in fine les risques de placement financier et de longévité des affiliés. La réforme contraint les régimes de retraite professionnelle à transformer les fonds à prestations définies en fonds collectifs à cotisations définies (collective defined contributions – CDC) d’ici le 1er janvier 2028. Ses principaux objectifs visent à réduire les risques financiers pour les employeurs, à mieux les répartir entre les générations et à assurer la soutenabilité des régimes dans un contexte de vieillissement de la population et d’incertitude économique. Notre article se propose d’analyser cette réforme sous l’angle de l’équité intergénérationnelle, dont l’objectif est de répartir équitablement les risques de marché et de longévité entre actifs et retraités, pour éviter que les fluctuations économiques ou l’allongement de l’espérance de vie ne pèsent uniquement sur une seule génération, en particulier sur les jeunes.
Lien HAL

Enhancing urban temperature monitoring through high-resolution remote sensing and advanced data processing techniques

Naji El Beyrouthy, Mario Al Sayah, Rita Der Sarkissian, Rachid Nedjai


Theoretical and Applied Climatology - 2025-07-02

This study leverages high-resolution remote sensing and data processing advanced techniques to improve ambient urban temperature monitoring. Using Landsat 8 and Sentinel-2A satellite imagery, the methodology combines spectral harmonization and correction techniques with Convolutional Neural Network (CNN)-based super-resolution models to achieve a high spatial accuracy in Land Surface Temperature (LST) and Air Temperature (Ta) estimations. The analysis integrates key environmental indices such as the Normalized difference vegetation, water, and built-area indices, and corrects for atmospheric and surface effects to refine LST data. Results demonstrate that CNN models improve temperature spatial detail significantly to a resolution of 1 m with an R2 above 0.85, and with estimations of aerial temperature optimized using Météo-France and validated against Météociel data, showing errors within 2°C. Regression models further estimate Ta from LST with R2 values above 0.75, effectively mapping temperature distributions at fine resolutions for urban settings. This study bridges critical gaps in remote-sensing based temperature monitoring, hence offering a framework for high-resolution urban thermal analysis in regions with limited meteorological data.
Lien HAL

Is the Contact Effect Related to Age?

Raùl Magni-Berton, Abel François, R. Frans Leny Sawadogo


2025-06-30

This chapter examines how age influences the contact effect in shaping tolerance toward immigrants, using French data from the 2017 European Values Survey. While contact theory posits that frequent interactions with immigrants generally increase tolerance, the findings reveal a nuanced relationship. A higher share of immigrants in a district correlates with greater tolerance, but this effect diminishes for young immigrants (15–24 years), often leading to lower tolerance. Interestingly, respondents’ age does not significantly affect their reaction to immigrant proportions. These results challenge utilitarian perspectives, suggesting that hostility toward young immigrants is rooted in personal experiences rather than economic logic.
Lien HAL

Documents de recherche

> Tous les documents

Effects of International Climate Agreements on Trade in Environmental Goods: The Kyoto Protocol

Ben-Vieira Kouassi


2025-10-14

Volatility during the Global Financial Crisis and COVID-19 pandemic through the lens of high-frequency data: a Realized GARCH approach

Denisa Banulescu-Radu, Peter Reinhard Hansen, Zhuo Huang, Marius Matei


2025-10-12

A tool for economists to make the search for conferences and special issues more efficient and transparent

Jean-Charles Bricongne, Diyar Can, Marwan Menaa, Guillaume de Rouville, Janna Bengouirah, Ismaël Fall


2025-08-25

La réforme des fonds de pension aux Pays-Bas : état des lieux et prospective

Anne Lavigne


2025-06-25

Optimal Green Policy-mix

Lise Clain-Chamosset-Yvrard, Nicolas Clootens, Daria Onori


2025-03-11

Dynamic and spillover effects of armed conflicts on renewable energy in Subsaharan Africa

Alfred Nandnaba


2025-02-11

Nous connaître

Le Léo en bref 2024

articles publiés
ouvrage
contribution à ouvrage
manifestations scientifiques organisées nationales et internationales
documents de recherche