Publications of the Chair

Sovereign bond yield spreads and sustainability: An empirical analysis of OECD countries

2019
Authors :
Gunther Capelle-Blancard, Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi, Bert Scholtens

This paper studies whether and how a country's environmental, social, and governance (ESG) performance relates to its sovereign borrowing costs in international capital markets.

Reaching Brazil’s National Determined Contributions: An Assessment of the Key Transitions in Final Demand and Employment

2018
Authors :
Florent Mc Isaac, Daniel Bastidas

Using Brazil’s industrial structure and its interdependence, we evaluate the minimal changes in final demand that are needed to achieve their NDC and study the impacts that such changes could cause to the employment by industry in the country. 

Minskyan Classical Growth Cycles: Stability Analysis of a Stock-Flow Consistent Macrodynamic Model

2018
Authors :
Daniel Bastidas, Adrien Fabre and Florent Mc Isaac

This paper follows van der Ploeg (1987)’s research program in testing both its extension of Goodwin (1967)’s predator-prey model and the Minsky Financial Instability Hypothesis (FIH) proposed by Keen (1995).

A reassessment of the Great Divergence debate

2018
Authors :
Victor Court

In this article, I first look at the most recent data to define when the Little and Great Divergence occurred. Next, I sort the...  

An estimation of different minimum exergy return ratios required for society

2018
Authors :
Victor Court

This article shows that several minimum exergy return ratios (ExRRs) can be computed in relation to different aggregate exergy conversion efficiencies.

Hicksian Traverse Revisited: Conditions for the Energy Transition

2018
Authors :
Adrien Nguyen-Huu, Antonin Pottier

This article analyzes the transition dynamics, what Hicks called the traverse, from one equilibrium toward another one—and the conditions for such a transfer—in a bi-sectoral economy under technological shocks.

A simple phenomenological model of the world population dynamics

2018
Authors :
Victor Court, Florent Mc Isaac

In this article, we design a phenomenological model of the global human population dynamics by using the gross world product (GWP) as an exogenous input variable to determine the birth rate and death rates of each age group

Foreign Demand and Greenhouse Gas Emissions: Empirical Evidence with Implications for Leakage

2018
Authors :
Geoffrey Barrows and Hélène Ollivier

In this paper, we estimate for the first time how production and emissions of manufacturing firms in one country respond to foreign demand shocks in trading partner markets.

Why conditional subsidies for risky innovative green projects should be prefered to flat subsidies

2018
Authors :
Guy Meunier, Jean-Pierre Ponssard

This paper analyzes the potential benefit of using subsidies conditional on success or failure of an R&D program, rather than a flat subsidy.

Debt and damages: what are the chances of staying under the 2°C warming threshold?

2018
Authors :
Emmanuel Bovari, Oskar Lecuyer, Florent Mc Isaac

In a stock-flow consistent macrodynamic model featuring two crucial endogenous destabilizing channels, namely debt accumulation and climate change, we perform a sensitivity analysis on four fundamental parameters of the climate and economic systems.