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...
Céline Azémar, Rodolphe Desbordes, Paolo Melindi-Ghidi, Jean-Philippe Nicolaï
This paper studies the gains and losses incurred during the COVID-19 pandemic. A comparison between the gains and losses triggered by both the pandemic and the lockdown indicates that an excess profits tax imposed on the ‘winners’ could partly compensate the ‘losers’ of the same sector.
This paper investigate in particular how child labor varies depending on the nature of electricity supply and the electrical appliances used in the household. We find that the employment probability of children from electrified households is lower than that of children living in non-electrified households only when the household combines grid access and a generator as sources...
The present paper addresses the issue of sectoral policy coordination, especially when Pigovian carbon pricing is unavailable. It analyzes the optimal allocation of mitigation effort among two vertically connected sectors, an upstream (e.g. electricity) and a downstream (e.g. transportation) one.
An imperfectly-informed regulator needs to procure multiple units of some good that can be produced with heterogeneous technologies at various costs. How should it optimally procure these units? We find that one size does not fit all: the preferred instrument depends on the costs of the available technologies, their degree of substitutability, the extent of information asymmetry,...
The paper examines the relevant cost benefit framework for state agencies investigating the potential of local projects to mitigate climate change. We propose a new metric that incorporates into the analytical framework the dynamic interactions between the project and its continuation.
Using textual analysis methods, we study how the topic of climate change has appeared and evolved in the speeches of the ECB's Executive Board members since 1997.
Adrien Nguyen-Huu, Sébastien Duchêne, Dimitri Dubois, Marc Willinger
We assess the impact of environmental externalities on portfolio decisions in a lab-inthe-field experiment on finance professionals and students. Subjects show pro-environmental preferences, with...
Leonardo Basso, Juan-Pablo Montero, and Felipe Sepulveda
Article published in Transportation Research Part A: Policy and Practice Congestion and local air pollution continue to be a serious problem in many cities around...
