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Going green: Will the r-star shine brighter?

Date : Jeudi | 2024-11-21 Ă  12h30
Lieu : Salle des thĂšses

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Marie JEZEQUEL-ROYER (LEO, UniversitĂ© d’OrlĂ©ans)

This paper assesses the impact of an orderly environmental transition (ET) on the Euro area natural rate of interest (r*), which is a key benchmark for monetary policy, financing conditions and the social cost of carbon. To this end, we use high-frequency identification methods, isolating carbon policy shocks from EU ETS futures price variations around regulatory announcements. We also use a finance-based r* derived from dynamic term structure models estimated on the prices of inflation-indexed bonds. We find a significant and persistent increase in r* following a positive carbon policy shock. Specifically, according to our estimates, reaching a carbon price of €550 per ton of CO2 to reach Net Zero by 2050 could raise r* by 1.6 percentage points, ceteris paribus.

Golden cities? Artisanal mining and urbanization in Africa

Date : Jeudi | 2024-11-14 Ă  12h30
Lieu : Salle des thĂšses

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Edouard PIGNEDE (PSAE, AgroParisTech)

This article documents how the extraction of a labor-intensive commodity triggered urbanization in smaller, more remote, and poorer cities in sub-Saharan Africa. We leverage exogenous variation in the value of artisanal and small-scale gold mining (ASgM) activities – a widespread source of livelihood heavily dependent on the international market price – in a comprehensive panel of fine-grained cells starting in 1975. We find that locations with greater exposure to ASgM experience higher population growth and the emergence of more cities. These effects are driven by smaller cities (less than 50k inhabitants) and are particularly pronounced in isolated zones with a limited initial population. Focusing on cities, those with more ASgM tend to exhibit lower living standards and an employment structure still largely geared towards agriculture.

IMF Delegation

Date : Tuesday, November 19, 2024
Lieu : Thesis Room - UFR DEG Orléans

Organisateur(s) : LÉO

We are excited to announce that our laboratory will soon host representatives from the International Monetary Fund (IMF).

This visit presents a valuable opportunity to share our research projects and innovations.

 

 

Program on opposite

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Algo-Rhythm Unplugged: Effects of explaining algorithmic recommendations on music discovery

Date : Jeudi | 2024-10-17 Ă  12h30
Lieu : Salle des thĂšses

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Mehdi LOUAFI (LEO, UniversitĂ© d’OrlĂ©ans)

Music streaming services make massive use of algorithms in their music recommender systems (MRS) to guide users to tracks that they are likely to enjoy. However, the black-box nature of these algorithms makes them difficult for users to understand, both in terms of how they work and the music they predict. The field of explainable AI (XAI), and in particular its “explanation” side, has emerged to make the uses of AI (including MRSs) more comprehensible to users. This paper aims to observe, using a laboratory experiment, whether the explanation of an MRS algorithm induces a change in discovery behavior on music streaming services. In a theoretical framework, we model two types of user discovery behavior, namely “study” and “browse” behaviors. We then test in the lab the explanation effects of these behaviors by explaining a simplified “semi-personalized” MRS and measuring the relative listening time of the tracks. Data shows no average effect induced by the explanations, but we observe a differentiated impact of explanations based on the treatment intensity (i.e. the time spent reading them). The more individuals are treated, the more they listen to the tracks, reinforcing the “study” behavior.

First-year PhD. Students Presentation (2/2)

Date : Jeudi | 2024-10-10 Ă  12h30
Lieu : Salle des thĂšses

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S P E C I A L       S E S S I O N

 

Three new PhD. Students from the LEO (Université d'Orléans) will present their thesis projects. Each of them will give a 15 minutes presentation followed by a 15 minutes discussion :

  • Martin CimetiĂšre (Macro/Finance Team)
  • Marie Jezequel-Royer (International Economics/Sustainable Development Team)
  • Elhadji Mamadou Guene (Econometrics Team)

 

First-year PhD. Students Presentation (1/2)

Date : Jeudi | 2024-10-03 Ă  12h30
Lieu : Salle des thĂšses

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S P E C I A L       S E S S I O N

 

Two new PhD. Students from the LEO (Université d'Orléans) will present their thesis projects. Each of them will give a 15 minutes presentation followed by a 15 minutes discussion :

  • AĂŻssata Ousmane Dicko (International Economics/Sustainable Development Team)
  • Saniya Ali Zahed (International Economics/Sustainable Development Team)

 

SĂ©lection du projet AESOP dans le cadre de l’AAPG 2024 de l’ANR

FĂ©licitations Ă  BĂ©atrice BOULU-RESHEF et Ă  tous nos partenaires pour la sĂ©lection du projet AESOP – AvancĂ©es sur les prĂ©fĂ©rences Ă©thiques et sociales dans le cadre de l’AAPG 2024 de l’ANR (Appel Ă  projets gĂ©nĂ©rique 2024)

Ce projet est portĂ© par Fabrice Le Lec, LEM (UniversitĂ© de Lille) en partenariat avec le CREM (UniversitĂ© de Rennes 1), le LÉO (UniversitĂ© d’OrlĂ©ans) et le BETA (UniversitĂ© de Strasbourg).

 

Université de Lille
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Universite de Strasbourg

Conférence Prof. Dr. Hiro ITO

Date : Mardi 17 septembre 2024 Ă  12h00
Lieu : UFR DEG Orléans - Salle des thÚses

Organisateur(s) : LÉO - IdR "Transition Ă©nergĂ©tique et transformation des modĂšles Ă©conomiques" CrĂ©dit Agricole - Institut Louis Bachelier

Hiro Ito (Portland State University), l'un des spĂ©cialistes les plus reconnus en (macro)Ă©conomie internationale, auteur de l'indicateur Chinn-Ito, sera Ă  OrlĂ©ans et au LÉO Ă  partir du 17 septembre, dans le cadre d'un visiting au sein de la Chaire ILB CACL LEO "Transition Ă©nergĂ©tique et transformation des modĂšles Ă©conomiques".

Sa conférence portera sur le théme : "Can the BRICS Challenge U.S. Dollar Dominance?"

Poster Hiro Ito Chaire_2024_final_page-0001

JournĂ©es doctorales du LÉO – Édition 2024

Date : Jeudi 30 & Vendredi 31 mai 202 Ă  9h30
Lieu : UFR DEG - Salle des ThĂšses

Organisateur(s) : LÉO

Tous les doctorants du LÉO sont invitĂ©s Ă  soumettre leur travail, quel que soit leur Ă©tat d'avancement. L’objectif de ces JournĂ©es doctorales est multiple :

- S'entrainer Ă  prĂ©senter ses travaux et rapporter d’autres papiers
- Obtenir un feedback bienveillant sur les travaux
- Obtenir de pistes d’amĂ©lioration et des idĂ©es de dĂ©veloppement
- Créer des synergies entre les doctorants qui travaillent sur des sites distants
JD 2024 v2_page-0001

Do Concerns for Risks of Personal Data Leaks Impact Decision-Making in Finance?

Date : Jeudi | 2024-05-23 Ă  12h30
Lieu : Salle des thĂšses

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Mehdi LOUAFI (LEO, UniversitĂ© d’OrlĂ©ans)

Based on an experiment with participants from the general population, we examine the determinants of individuals' investment decisions in the presence of potential personal data leaks. We find that participants when presented with scenarios explicitly acknowledging the probability distribution and content of personal data leaks, tend to prioritize financial performance over the safeguarding of their personal data. However, we show that individuals adjust their preferences in favor of privacy when confronted with high risks of data leaks or low financial returns. Additionally, we observe that the magnitude of data leaks in previous rounds, as measured by the number of participants affected, decreases the likelihood of investing in options carrying privacy risks. While past exposures to data leaks at the aggregate level influence decision-making, individual experiences of data leaks in previous rounds do not significantly impact subsequent investment decisions. These findings contribute to our understanding of how individuals navigate complex trade-offs associated with privacy, shedding light on decision-making within the context of data security concerns and financial decisions.