Mardi | 2015-09-22 Sully 5 de 16h à 17h20 Patrick VILLIEU – Maxime MENUET The vampire metaphor has been used in numerous papers describing biological interactions between two populations. Such a metaphor translates well to a standard endogenous growth model with public debt. Public debt can be assimilated to a Vamp, whose blood-sucking behavior corresponds to the harmful effect of the debt burden on productive public expenditures. However, the complete destruction of public debt in the long-run is shown to […]

Mardi | 2015-07-08 Sully 5, 11h15-12h15 Usha NAIR-REICHERT The recovery of failed trading relationships (identified as unique exporter-inporter-HS6 pairings) after a period of dormancy is puzzling because of evidence in the trade literature about hysteresis in trade and the existence of significant sunk costs associated with both establishing new trade relationships (NT) and recovering dormant trading relationships (RT). The quality of trade recovery is a very important question as there is evidence in the literature that the quality of the […]

Mardi | 2015-06-30 Sully 5, 10h30-12h Christelle GARROUSTE – Cyrille PIATECKI – Yvan STROPPA One of the greatest difficulties meet on the labor market is that it ensures that all the people who want to work can find a job. But it is not the only one. A second difficulty consists to find a social arrangement which approaches as much as possible the social optimum without forgetting that the optimum can be reached with the rejection of certain candidacies.It seems […]

Mardi | 2015-06-23 Sully 5, 16h-17h20 Francesco SERGI The purpose of this contribution to epistemology and history of recent macroeconomics is to construct a clear understanding about econometric methods and problems in New Classical macroeconomics. Most historical work focused on theoretical or policy implication aspects of this research program, set in motion by Robert Lucas in the early seventies. To the opposite, the empirical and econometric works of New Classical macroeconomics had received little attention.We focus especially on the contributions […]

Mercredi | 2015-06-17 B103 à 12h CYRILLE DOSSOUGOIN – JEAN-YVES GNABO – Nicolas DEBARSY The recent financial crisis has shed light on how fast sovereign risk can spread from one economy to another as well as on the dramatic role macroeconomic and financial transmission channels could play for the worldwide economic stability. In the case of Europe for instance, the sovereign debt-related turmoil in Greece was rapidly transmitted to other euro-area countries as materialized by the sharp increase in bond […]

Mardi | 2015-06-16 Sully 5, 16h-17h20 Ujjayant CHAKRAVORTY – Martino PELLI – Anna RISCH Fuelwood collection is often cited as the most important cause of deforestation in many developing countries. There is a significant literature on fuelwood markets but almost no studies on who is using the fuelwood collected. Is the fuelwood collected in rural areas used locally or by people living in nearby towns and cities? The answer to this question has implications for both environment and energy policy. […]

Mardi | 2015-06-09 Sully 5, 16h-17h20 Maxime MENUET – Patrick VILLIEU In response to the Great Recession, Central Banks around the world adopted  » unconventional » monetary policies. In particular, the Fed, and more recently the ECB, launched massive debt monetization programs. In this paper, we develop a formal analysis of the short- and long-run consequences of deficit and debt monetization, through an endogenous growth model in which economic growth interacts with productive public expenditure. This interaction can generate two positive […]

Mardi | 2015-06-05 Sully 5, 10h30-12h Kamel Malik BENSAFTA – Gervasio SEMEDO Ce papier traite la question de transmission des prix et des incertitudes de prix du pétrole brut et les marchés boursiers. L’application d’une modélisation GARCH multivariée a montré que les chocs de prix du pétrole et les incertitudes sur ce marché sont transmises vers les marchés américains et européens. Il apparaît également l’effet global du marché américain. Nos résultats montrent l’importance de la part asymétrique de la transmission […]

Mardi | 2015-06-02 Sully 5, 16h-18h Alain AYONG LE KAMA – Ujjayant CHAKRAVORTY – Mouez FODHA We develop a model of capturing terrorists in a dynamic framework when the very act of killing or capturing them induces new recruit formation to the terrorists? cause. We adopt standard economic models of fishing to show that the discount rate, the cost of catching terrorists and the technology used, can affect optimal terrorism policy. We show conditions under which the model yields a […]

Mardi | 2015-06-02 Sully 5, 16h-18h Julien DAUBANES – Saraly ANDRADE DE SÁ The conventional analysis of policy-induced changes in resource extraction is inconsistent with the actual way OPEC is exerting its market power. We claim that OPEC is practicing limit pricing, and we extend to non-renewable resources the limit-pricing theory. Facing a very inelastic demand, an extractive cartel seeks to induce the highest price that does not destroy its demand, unlike the conventional Hotelling analysis: the cartel tolerates some […]