Actualités

Actualités

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 […]

Thou Shall Not Work Alone (version provisoire)

Mardi | 2013-12-10 salle des thèses Damien BESANCENOT – Kim HUYNH – Francisco SERRANITO This paper focuses on the properties of the matching process which leads to scienti…c collaboration. In a …rst step, it builds a theoretical model to describe the intertemporal choice of researchers faced to successive possibilities of co-authoring papers. In a second part, the paper empirically asseses the properties of the model’s optimal solution. The main empirical result is that the number and the quality of a […]

Extreme Values in Financial Economics: Empirical Observations and Theoretical Choices (Article non disponible)

Mardi | 2013-12-03 salle des thèses Franck JOVANOVIC – Christophe SCHINCKUS Franck Jovanovic (TELUQ et LEO) présentera en séminaire un chapitre de son livre sur l’éconophysique et ses liens avec l’économie financière. Le plan provisoire de son livre co-écrit avec Christophe Schinckus est le suivant: Chapter 1. Foundations of financial economics Chapter 2. Extreme values in financial economics: empirical observations and theoretical choices Chapter 3. When Complexity met finance in the 1990s Chapter 4. The creation of econophysics as a […]