Année : 2018

Machine Learning for Credit Scoring: Improving Logistic Regression with Non Linear Decision Tree Effects

Mercredi | 2018-02-08 Salle B103 – 12h00 Sullivan HUE – Elena-Ivona DUMITRESCU – Christophe HURLIN – Sessi TOKPAVI Decision trees and related ensemble methods like random forest are state-of-the-art tools in the eld of machine learning for predictive regression and classi cation. However, they lack interpretability and can be less relevant in credit scoring applications, where decision-makers and regulators need a transparent linear score function that usually corresponds to the link function in logistic regressions. In this paper, we propose […]

StabilitĂ© politique et stabilisation du budget : Une analyse empirique sur des pays d’Afrique Sub-saharienne

Mercredi | 2018-02-01 Salle B103 – 12h00 TobignarĂ© YABRE Ce papier propose une nouvelle explication de l’adoption de mesures de stabilisation budgĂ©taire Ă  travers l’expĂ©rience de 43 pays d’Afrique sub-saharienne sur la pĂ©riode 2000-2015. Nous procĂ©dons par identification des Ă©pisodes et des stratĂ©gies d’ajustement sur la base du dĂ©ficit primaire ajustĂ© des variations cycliques (CAPD). L’estimation d’un modĂšle logit et des analyses de robustesse permettent de dĂ©gager trois principales conclusions. D’abord, la probabilitĂ© d’adoption de mesures de stabilisation augmente en […]

Does more finance mean more inequality in times of crisis?

Mardi | 2018-01-30 Salle des thĂšses 16h – 17h20 ClĂ©ment MATHONNAT – Benjamin WILLIAMS Whole arrays of recent empirical studies show that both banking crises and the increase in the size of the financial sector play a central and important role in the evolution of income inequalities over the last decades. To our knowledge, no study has so far sought to link these three elements with the aim to investigate the role of the size of the banking sector in […]

How (and How Much) Does Theory Matter? The Role of Theories in the Economic Controversies over the Minimum Wage since the Early 20th Century

Mardi | 2018-01-23 Salle des thĂšses 16h – 17h20 JĂ©rĂŽme GAUTIĂ© L’actualitĂ© renouvelĂ©e des controverses autour du salaire minimum invite Ă  resituer celles-ci dans une histoire longue qui commence Ă  la fin du XIXĂšme siĂšcle. Cette histoire est abordĂ©e ici en articulant trois niveaux d’analyse. Les deux premiers portent respectivement sur l’Ă©tude des contenus empiriques et thĂ©oriques des controverses Ă©conomiques, et sur celle de leurs enjeux mĂ©thodologiques et mĂȘme, au-delĂ , Ă©pistĂ©mologiques. Un troisiĂšme niveau d’analyse, selon une approche de sociologie […]

On promoting fiscal discipline: the role of institutions, fiscal rules and exchange rate regimes

Mercredi | 2018-01-18 Salle B103 – 12h00 Kady Synthia KEITA – CamĂ©lia TURCU We explore how fiscal rules, pegged exchange rate regimes and institutional quality affect the cyclical behaviour of fiscal policy (i.e how government spending responds to GDP fluctuations). We perform our analysis on a panel of 153 advanced, emerging and developing countries over the period 1993-2015 using LGWOLS and 2SLS estimators. We find that fiscal rules alone are not enough to promote counter-cyclical fiscal policy and should be […]

Growth in an overlapping generation economy with a polluting non-renewable resource

Mardi | 2018-01-16 Salle des thĂšses 16h – 17h20 This paper analyses the effects of flow pollution implied by the use of non-renewable resources on an overlapping economy. Notably, it shows that, on the balanced growth path, flow pollution reduces the resource use and thus increases the ability of an economy to sustain a non-decreasing consumption path. In addition, the paper analyses decentralization strategies that are able to put the decentralized economy on an optimal balanced growth path. If the […]

Occupational mobility and vocational training over the life cycle

Mardi | 2018-01-09 Salle des thĂšses 16h – 17h20 Anthony TERRIAU This paper examines the inefficiency issues of occupation-specific human capital investments in a model with search frictions and occupational mobility over the lifecycle. Firstly, we highlight how the existence of social externalities related to training, not taken into account by employers, cause an under-investment in occupation-specific vocational training compared with what it would be optimal to do. Secondly, we show that this lack of training leads to some occupational […]