Yearly Archives: 2017

Coherent Multidimensional Poverty Measurement

This paper presents a family of multidimensional poverty indexes that measure poverty as a function of the extent and the intensity of poverty.

Does environmental regulation create merger incentives?

Published in Energy Policy June 2017. This paper studies merger incentives for polluting Cournot firms under a competitive tradable emission permits market.

CO2 content of electricity losses

Published in Energy Policy – Vol 104 – May 2017. We study the importance in terms of CO2 emissions the extra amount of energy necessary to cover losses. With this purpose we use Spanish market and system data with hourly frequency from 2011 to 2013. Our results show that indeed electricity losses significantly explain CO2 emissions, with a higher CO2 emissions rate when covering losses than the average rate of the system.

The effect of countries’ ESG ratings on their sovereign borrowing costs

The article examines whether the extra-financial performance of countries on environmental, social and governance (ESG) factors matters for sovereign bonds markets. Using a panel regression model over a data set with 23 OECD countries from 2007 to 2012, it shows that ESG ratings significantly decrease government bond spreads.

Note méthodologique – Effets d’une inondation sur les populations dans le delta du Niger

Gaël Giraud, Hélène L’Huillier (Université Lille 1) et Cécile Renouard (ESSEC Business School) ont publié  dans la revue Oxford Development Studies un article sur...  

The macrodynamics of household debt, growth, and inequality

How do inequality and growth evolve in the long run and why? This paper analyses the interplay between household debt, growth and inequality within a monetary, stock-flow consistent framework.