Mardi | 2009-04-14 B103 Marie-Aude LAGUNA – Audrey LAUDE Using the event-study methodology and multivariate regressions, this paper examinesthe intensity of media coverage, its determinants and its marginal effect on stock returnsfollowing chemical disasters. To do this, we build an original dataset of chemical explosionsthat occurred worldwide from 1990-2005. First, our results show that news coverage increaseswith the social and environmental consequences of the accident. Second, to deal with the factthat news coverage is determined simultaneously with stock returns, we […]

Mardi | 2009-04-07 Mohamad KHALED – libre

Mardi | 2009-04-02 B103 Guillaume MONARCHA – libre

Mardi | 2009-03-31 Kodjovi ASSOE – Hanène HENCHIRI – Nicolas DEBARSY

Mardi | 2009-03-17 David ANDOLFATTO – libre

Mardi | 2009-03-10 Bresson FLORENT – Isabelle RABAUD The present paper defines an axiomatic framework for multidimensional povertymeasurement that fits a weak version of the focus axiom and is consistentwith Duclos, Sahn, and Younger’s (2006) “well-being” approach of poverty identification.This slackening of the tradtional axiomatic framework is appealing fortwo reasons. First, regarding the issue of poverty identification, the approach isless restrictive than the traditional “union” and “intersection” views. Secondly,concerning the issue of aggregation among attributes for each individual, it allowsfor […]

Mardi | 2009-02-24 Eleni ILIOPULOS – Yannick LUCOTTE In this article, we focus on current account dynamics in large openeconomies characterized by debt-constrained heterogeneous agents andendogenous monetary policies. We incorporate three key features thathave bulked large in the New Open Macroeconomics literature: i) homebias in trade ii) price rigidities and iii) durable goods (real properties).In order to limit agents’ willingness to consume and to (partially) insurecreditors against the risk of default, we incorporate collateral constraints.We show that the impatience of […]

Mardi | 2009-02-19 Jung-Hyun AHN – Régis BRETON – Jean-Paul POLLIN This article analyzes the motivation of loan securitization. Weshow that loan securitization can be used as a strategic tool to softenloan market competition. In a two – period loan market competitionmodel where banks strategically decide whether they acquire informationabout borrowers, banks’ strategic acquisition of informationprevents future competition by increasing informational asymmetrybetween relationship bank and external banks, on the one hand, butincreases ex ante competition for banks to obtain more […]

Mardi | 2009-02-17 Cyrille PIATECKI – libre

Mardi | 2009-02-03 Jekaterina DMITRIJEVA – Rémi BAZILLIER During the transition to market economy and the accession to the EU Central and EasternEuropean countries have witnessed remarkable changes in the structure and functioningof national economies. The aim of this paper is to investigate the role of active labourmarket policy (ALMP) programmes in smoothing the consequences of transitional shockand improving the performance of the labour market. We evaluate the employment ef-fects of publicly provided unemployed training programme in Latvia from both […]