Mercredi | 2014-06-18 Salle B103, 12H00 A 14H00 Cet article vise à étudier les effets des politiques non conventionnelles dans un modèled’équilibre général dynamique stochastique (DSGE). Nous considérons le cas de deux payssoumis à la même politique monétaire mais différents dans les paramètres caractéristiquesdes économies. Cette dimension autorise des effets asymétriques de la politiques monétaire.Le modèle est composé de cinq agents : ménages, banques, entreprises, gouvernement et banque centrale. Il prend en compte la contrainte de bilan des intermédiaires financiers […]

Mardi | 2014-06-17 Sully 5 Pierre ANDREOLETTI – Pierre GAZE – Maxime MENUET We model a specific two-sided monopoly market in which agents can switch from a side to the other. We define two periods of time. In the first period, agents buy the platform services on each side and in the second period of time, they can possibly enhance their satisfaction by going to the other face of the platform. We analyze the link between mobility, consumer’s utility, prices […]

Mardi | 2014-06-10 Salle des thèses Yun (Eric) MENG – Cristos PANTZALIS Lottery-type stocks outperform the rest at the turn of the month. This effect is particularly pronounced among firms located in areas whose demographic profile resembles that of the typical lottery-ticket buyers (i.e. gamblers) and partially driven by the within-month cyclicality of local investors’ personal liquidity positions. Consistent with the notion that gambling is associated with inattention, we find underreaction to earnings news issued by lottery-type firms located in […]

Mercredi | 2014-06-04 Salle B103 Christian Rodrigue TAGNE

Mercredi | 2014-05-28 Salle B103 The objective of the present paper is to give some policy recommendations to improve environmental quality in a context of debt consolidation. For that purpose, we develop an overlapping generation model in which we include public debt and we modelize the two-way causality between life expectancy and the environment. We find that a voluntarist environmental policy may allow a country to escape the environmental poverty trap, or may help a country to reach a higher […]

Mardi | 2014-05-27 Salle des thèses Patrick VILLIEU – Maxime MENUET XX

Mercredi | 2014-05-21 Salle B103 – 16h20 Leonardo Eric CALCAGNO Using a standard microsimulation framework, this paper intends to draw perspectives on Argentina’s pension system from a household-level quarterly survey data, the EPH. After describing the country’s current public Pay-As You-Go pension system, this paper uses the country’s house-hold survey’s labour market related data to describe and estimate transitions between labour market states for individuals of working age. Finally, together with demographic data provided by Argentina’s statistical body INDEC, we […]

Mardi | 2014-05-20 Salle des thèses Julien CHEVALIER – Stéphane GOUTTE xx

Mercredi | 2014-05-14 Salle B103 Eric YAYI Cet article se propose d’étudier la participation des ménages au marché financier ainsi que l’influence du cycle de vie sur les choix de portefeuille au sein de la zone euro. L’analyse empirique s’appuie sur les données de l’enquête sur les finances et la consommation des ménages (HFCS 2013), une nouvelle base de données harmonisées renseignant sur différents aspects du bilan des ménages. Nous identifions d’une part l’influence du cycle de vie sur les […]

Mardi | 2014-05-13 Salle des thèses Jean-Bernard CHATELAIN – Kirsten RALF This paper investigates the identification, the determinacy and the stability of ad hoc, ”quasi-optimal” and optimal policy rules augmented with financial stability indicators (such as asset prices deviations from their fundamental values) and minimizing the volatility of the policy interest rates, when the central bank precommits to financial stability. Firstly, ad hoc and quasi optimal rules parameters of financial stability indicators cannot be identified. For those rules, non zero […]