Actualités

Actualités

Multidimensional Welfare Rankings

Mardi | 2014-02-11 salle des thèses Stergios ATHANASSOGLOU Social well-being is intrinsically multidimensional. Welfare indices attempting to reduce this complexity to a unique measure abound in many areas of economics and public policy. Ranking alternatives based on such measures depends, sometimes critically, on how the di erent dimensions of welfare are weighted. In this paper, a theoretical framework is presented that yields a set of consensus rankings in the presence of such weight imprecision. The main idea is to consider […]

Symbolic Correlation Integral. Getting Rid of the Proximity Parameter (Draft)

Mardi | 2014-02-04 salle des thèses M Victoria CABALLERO – Mariano MATILLA GARCIA – Manuel RUIZ-MARIN In this paper we introduce the symbolic correlation integral SC(m), which avoids the noisy parameter ε of the classical correlation integral defined by Grassberger-Procaccia. Moreover we provide the asymptotic distribution of SC(m) under the null of i.i.d.. With a MonteCarlo simulation we show the size and the power performance of the new test under linear and nonlinear processes.

Causalité entre le taux de change réel et la croissance économique : application à un panel de pays en développement

Mercredi | 2014-01-29 B103 Fadi KHALIL Cet article s’intéresse au concept de causalité en panel. Les approches de Konya (2006) et de Dumitrescu et Hurlin (2011) ont été retenues pour tester la (non) causalité au sens de Granger (1969) entre le taux de change réel et la croissance économique dans les pays en développement. Nous avons choisi un panel de trois groupes de pays (BRICS 1, l’organisation de coopération de Shanghai (OCS) 2, et les Tigres asiatiques 3) et utilisé […]

Inflation-Targeting and Foreign Exchange Interventions in Emerging Economies

Mardi | 2014-01-21 salle des thèses Marc POURROY Are emerging economies implementing inflation targeting (IT) with a perfectly flexible exchange-rate arrangement, as developed economies do, or have these countries developed their own IT framework? This paper offers a new method for assessing exchange-rate policies that combines the use of “indicator countries”, providing an empirical definition of exchange-rate flexibility or rigidity, and clustering through Gaussian mixture estimates in order to identify countries’ de facto regimes. By applying this method to 19 […]

Monetary Policy and Financial Stability Objectives: in Search of Trade-offs

Mercredi | 2014-01-15 B103 Armand FOUEJIEU AZANGUE – Alexandra POPESCU – Patrick VILLIEU The concern for fi nancial stability has gained increasing interest for monetary policy making. In the aftermath of the 2008 global financial crisis, it has been argued that monetary policy should prevent or dampen raising fi nancial risk by responding actively to fi nancial imbalances. This paper investigates the extent to which central bank’s reaction to fi nancial instability may be incompatible with its other macroeconomic stability […]

Spatial Distribution of Economic Activities and Transboundary Pollution

Mardi | 2013-12-17 Sully 5 Julien CIUCCI – Marie-Antoinette MAUPERTUIS – Dominique PRUNETTI Di¤erent empirical studies con…rm that individuals consider environmental quality in their location choices. Nonetheless, little attention has been devoted to the role of transboundary pollution in the agglomeration or spreading of economic activities. This contribution introduces transboundary pollution in the …eld of New Economic Geography providing an extension of Ottaviano’s Core-Periphery Model (Ottaviano, 2001). In terms of long run equilibria, the introduction of pollution to the footloose […]