Archives

Social Preferences and the Distribution of Rewards

This paper analyzes the optimal reward scheme in an organization involving agents with social preferences whose tasks are complementary.

Energy practices and population cohorts: the case of Mexico

Access to EnergyMaria Eugenia SaninPublicationsPublicationsResearch areaResearch FellowsComments Off on Energy practices and population cohorts: the case of Mexico

Developing countries are advancing towards universal energy access with high fertility rates and young population. Socio-demographic and economic evolutions will influence future energy consumption patterns. Herein, we use Mexico as a case study to estimate determinants of residential electricity consumption as well as the importance that a shift in generational preferences has on such energy demand.

Conventional and unconventional economic policies in an econometric SFC model of the French economy

Jacques MazierMacro-economical and societal challengesPublicationsResearch areaResearch FellowsWorking papersComments Off on Conventional and unconventional economic policies in an econometric SFC model of the French economy

A first version of an econometric SFC model of the French economy based on the accumulation accounts from INSEE and on the financial accounts of the Bank of France has been presented (Mazier and Reyes, 2022). It provides the overall structure, the main equations and the basic properties of the model. This paper is based on the same model with some improvements.

A stock flow consistent model for the French economy in Macromodelling, economic policy and methodology: economics at the edge

Books & Official ReportsJacques MazierMacro-economical and societal challengesPublicationsResearch areaResearch FellowsComments Off on A stock flow consistent model for the French economy in Macromodelling, economic policy and methodology: economics at the edge

Reyes and Mazier present a first version of an econometric stock flow consistent (SFC) model of the French economy – an aggregate model with a single product, five domestic agents and the rest of the world with a complete representation of real and financial sectors in stocks and flows.

Unconventional monetary policy in an econometric SFC model of the French economy: some lessons for financing the low carbon transition

An econometric SFC model of the French economy is presented. The structure of the model is analogous to that of already existing national-level SFC models. The dynamic
simulations on the past over the period 1996-2019 provide acceptable results. In a second part the effects of unconventional monetary policy are evaluated such as the distribution of
helicopter money in favor of the government to finance additional public investment or social
transfers and the partial cancellation of the public debt held by the central bank.

Do French firms follow a transparent or climate-friendly path?

Corporate disclosures related to climate risks are one of the ways to fight climate change by improving financial transparency for investors. An initial assessment, five years after the COP 21, of the climate disclosure practices of French companies (CAC 40) 2015-2019 will be presented. While the results are encouraging, they need to be put into perspective because these firms are still far from being carbon neutral.

Economic rationality and ecological functionalism: epistemological affinities and temptations

Hadrien LantremangeMacro-economical and societal challengesPublicationsResearch areaResearch FellowsWorking papersComments Off on Economic rationality and ecological functionalism: epistemological affinities and temptations

This article reviews the epistemological status of functionalism in ecology and highlights some important implications for ecological economics. One of the most important aspects is that there is no such thing as “functioning” in nature.

Assessing the regional redistributive effect of renewable power production through a spot market algorithm simulator: the case of Italy

PublicationsPublicationsResearch areaResearch FellowsSectoral PoliciesComments Off on Assessing the regional redistributive effect of renewable power production through a spot market algorithm simulator: the case of Italy

We develop an algorithm called M.I.D.A.S. (Italian Day-Ahead Market Solver) that simulates by iterative splitting the hourly equilibrium (price-quantity) of the Italian day-ahead market taking into account all transmission constraints between zones and the import from neighbouring countries. The algorithm is employed to study the sensitivity of equilibria to changes in production from units employing variable renewable sources, notably sun and wind, at different locations

Accédez à l’article en ligne

Téléchargez la dernière version du Working Paper

Biodiversity loss and climate change interactions: financial stability implications for central banks and financial supervisors

Financial regulation and innovative financingHugues ChenetPublicationsPublicationsResearch areaResearch FellowsComments Off on Biodiversity loss and climate change interactions: financial stability implications for central banks and financial supervisors

In this paper, we examine how central banks and financial supervisors are approaching the topic of BRFR in relation to climate-related financial risk. We argue that policymakers should focus upon the broader concept of systemic environmental-financial risks to account for the interactions and trade-offs between both domains of biodiversity and climate change.

Hotelling and Recycling

This article studies the exploitation of recyclable exhaustible resources such as metals that are crucial for the energy transition or phosphorus that is crucial for agricultural production. We use a standard Hotelling model of resource exploitation that includes a primary sector and a recycling sector.