Publications of the Chair

Synchronization of world economic activity

2017
Authors :
Andreas Groth, Michael Ghil.

Common dynamical properties of business cycle fluctuations are studied in a sample of more than 100 countries that represent economic regions from all around the world.

The Impact of Randomness on the Distribution of Wealth: Some Economic Aspects of the Wright-Fisher Diffusion Process

2017
Authors :
Nicolas Bouleau, Christophe Chorro

Article published in Physica A: Statistical Mechanics and its Applications (August 2017). Abstract. In this paper we consider some elementary and fair zero-sum games...  

Does environmental regulation create merger incentives?

2017
Authors :
Anna Creti, María-Eugenia Sanin

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

2017
Authors :
Daniel Daví-Arderiusa, María-Eugenia Sanin, Elisa Trujillo-Bautec

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...

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

2017
Authors :
Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi.

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.

Policies and deployment for Fuel Cell Electric Vehicles an assessment of the Normandy project

2016
Authors :
Julien Brunet, Jean-Pierre Ponssard

Article publié dans  The International Journal of Hydrogen Energy (24/12/16) The paper provides a cost benefit analysis of one of the most prominent Fuel...  

Debt-Deflation versus the Liquidity Trap the Dilemma of Nonconventional Monetary Policy

2016
Authors :
Gaël Giraud, Antonin Pottier.

Paper published in Economic Theory (Vol. 62, June 2016). This paper examines quantity-targeting monetary policy in a twoperiod economy with fiat money, durable goods and default.

The Effects of Oil Price Shocks in a New-Keynesian Framework with Capital Accumulation.

2014
Authors :
Veronica Acurio Vasconez, Gaël Giraud, Florent Mc Isaac, Ngoc-Sang Pham.

Paper published in  Energy Policy – November 2015. The economic implications of oil price shocks have been extensively studied since the 1970s’. Despite this...