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 […]

Mercredi | 2014-05-07 B103 Constant FOUOPI L’objectif de la présente étude est d’évaluer l’influence des dépenses publiques sur la croissance économique dans les pays membre de la Communauté Economique et Monétaire d’Afrique Centrale (CEMAC). En particulier, il s’agit d’expliquer l’influence de la composition des dépenses publiques sur la croissance économiques dans ces pays. Beaucoup de travaux qui ont exploré la relation dépenses publiques et croissance économique mais la mise en relation de la composition de ces dépenses publiques et la […]

Mardi | 2014-05-06 Salle des thèses Tsvetelina MARIVONA – Nikolay NENOVSKY This article studies budgetary positions and trends in sovereign debt levels in two groups of EU Member States during the global financial and economic crisis. We argue that current fiscal positions and trends in sovereign debt in the Baltic states and Bulgaria are above all due to the implemented exchange rate mechanism whereas in the southern European countries and Ireland it is the institutional framework of the eurozone that […]

Mardi | 2014-04-29 Sully 5 Attila GYORGY – Emilian-Constantin MIRICESCU The paper focuses on Romanian experiences regarding the EU funds absorption by administrative-territorial units. Local public authorities implement EU projects in order to develop their communities and to satisfy the people needs by public goods and services. The main issues that we will study in our paper are: (i) the evolution of EU fund absorption in local budgets, (ii) EU project financing throughout local budgets, (iii) the possibilities and opportunities […]

Mardi | 2014-04-29 Sully 5 Rui Henrique ALVES – Andrea STOIAN – Francisco SERRANITO In this paper, we investigate the issues regarding the stabilization of public debt and its decrease down to 60 per cent of GDP for selected european union countries using the primary balance derived from the public debt dynamic model as a leading indicator. We find that there is a high probability of stabilizing public debt at its 2014 level conditional on achieving an increased GDP growth […]

Mardi | 2014-04-15 Sully 5 Paul MAAREK – Elsa ORGIAZZI We highlight a U-shaped relationship between development and the labor share of income. We exploit the within dimension of a panel dataset for the wage bill and value added in the manufacturing sector for developing countries. Data is available at the aggregate manufacturing level and also at the desaggregate level for 28 manufacturing sub sectors. We show that the U-shaped pattern of the labor share we observe at the aggregate […]

Mercredi | 2014-04-09 B103 Asma BEN SAAD-LAKHAL L’impact de l’immobilier sur la conjoncture économique, pendant les conditions favorables tout comme lors des crises, se diffère d’un pays à un autre. Les caractéristiques économiques, les spécificités institutionnelles,l’intervention des autorités et les conditions de financement propres à chaque pays conditionnent le poids de l’investissement résidentiel dans l’évolution économique. Dans ce papier, nous nous intéressons à la contribution de l’investissement résidentiel Français autour de la période de ralentissement mesuré par la méthodologie de […]