Mardi | 2019-09-12 Salle des thèses 16h – 17h20 Gerhard TOWENS – Radoslaw STEFANSKI – Marta TROYA MARTINEZ International contracts are difficult to enforce, especially in countries with weak institutions. Thus, oil rich countries can hold up international oil firms by renegotiating taxes once the investment is sunk. If future gains from trade exist, countries can devise a self-enforcing agreement instead. We use elections to show that governments in countries with weak institutions indeed face a binding self-enforceability constraint, while […]

Mardi | 2019-07-09 Salle des thèses 16h – 17h20 Supriya KAPOOR We study the effects of the US Federal Reserve’s large-scale asset purchase programs on bank liquidity creation. Banks create liquidity when they transform the liquid reserves resulted from quantitative easing into illiquid assets. As the composition of banks’ loan portfolio affects the amount of liquidity it creates, the impact of the different rounds of quantitative easing on liquidity creation is not a priori clear. Using a difference-in-difference identification strategy, […]

Mardi | 2019-06-27 Salle des thèses 10h30 – 12h00 Mehmet PINAR – Thanasis STENGOS The determinants of foreign direct investment (FDI) have been extensively studied. Even though, there is extensive research on the determinants of FDI flows, most of this research is based on the effects of host country characteristics on FDI flows, and there is little research on how neighboring country characteristics play a role in FDI flows to host countries. This paper analyzes the association between democracy level […]

Mardi | 2019-06-25 Salle des thèses 16h – 17h20 Sandrine KABLAN L’objectif principal de cet article est de tester une hypothèse nouvelle en construisant une variable originale selon laquelle la maturité des banques centrales(BC) ou encore l’expérience des BC influence les performances économiques des Etats contemporains. Nous définissons la maturité de la BC comme la différence entre l’année 2010 et son année de création. Notre hypothèse reste valide même en contrôlant par des variables économiques, institutionnelles, historiques et socioculturelles. De […]

Mardi | 2019-06-11 Salle des thèses 16h – 17h20 Julie LOCHARD – Igor BAGAYEV – Dieter KOGLER The scientific evidence for human induced climate change and environmental degradation is unequivocal. Accelerating the development of Climate Change Mitigation Technologies (CCMTs) is a key challenge to temper the costs associated with climate change and air pollution. In this project, we investigate the impact of environmental policies on innovation activities in general, and green technologies in particular. Our methodology makes use of original […]

Mardi | 2019-06-04 Salle des thèses 16h – 17h20 Oana CALAVREZO In 2014, within a context of persistent unemployment, increased use of short-term contracts and rise of the number of job seekers who work while remaining registered to the unemployment agency, a new agreement between employers’ and employees’ representatives introduced the droits rechargeables, roll-over entitlements, in the field of the French unemployment insurance. The principle of roll-over entitlements is that the more a jobseeker receiving unemployment insurance benefits works, the […]

Mardi | 2019-04-23 Salle des thèses 10h30 – 12h00 Florence HUART – António AFONSO – Joao Tovar JALLES – Piotr STANEK We revisit the twin deficit relationship for a sample of 193 countries over the period 1980-2016, using a panel fixed effect (within-group) estimator, bias-corrected least-squares dummy variable, system GMM, and common correlated effects pooled estimation procedures. We estimate the impact of fiscal rules on this relationship. In the absence of fiscal rules, the twin deficit hypothesis is confirmed. The […]

Mardi | 2019-04-02 Salle des thèses 16h – 17h20 Virginie MONVOISIN – Jean-François PONSOT Depuis dix ans, le monde subit les conséquences de la plus grande crise économique et financière internationale que l’on ait connue depuis près d’un siècle, une catastrophe que toute la science des facultés et tous les modèles des grands instituts de statistique et de prévision n’ont pas vue venir et n’ont toujours pas comprise. Rien d’étonnant à cette impuissance de la science économique dominante qui, depuis […]

Mardi | 2019-03-26 Salle des thèses 16h – 17h20 Matthieu PICAULT Using 25,000 articles from five international newspapers, we construct a measure of media sentiment regarding the European Central Bank policy actions and their consequences, the monetary policy sentiment (MPS) index. We then analyze the effect of ECB governing council members’ communications between 2006 and 2016 on MPS together with standard policy factors. We find that communications of the president during the press conference and communications of governing council members […]

Mardi | 2019-03-19 Salle des Thèses 16h – 17h20 Mariana ROJAS-BREU We construct a search model where sellers post prices and produce goods of unknown quality. A match between a buyer and a seller reveals the quality of the seller. We look at the pricing decisions of the sellers in this environment. We then introduce a rating system whereby buyers reveal the seller’s type by giving them a “star” if they are a high quality seller. We show that new […]