Publications of the Chair

Instituionalization of impact investing through societal management pressures: an action research inquiry

2015
Authors :
Thomas André

Impact investments are emerging as a new asset class of social finance. The article is based on on a three year action-research program conducted with Schneider Electric. It analyzes the perceptions of the Schneider Electric impact investing fund’s managers’ regarding emerging societal performance management procedures they were urged to adopt. 

Criticizing the Lucas Critique: Macroeconometricians’ Response to Robert Lucas

2015
Authors :
Aurélien Goutsmedt, Erich Pinzon-Fuchs, Matthieu Renault, Francesco Sergi

Abstract. The standard history of macroeconomics considers Lucas (1976)– “the Lucas Critique” –as a path-breaking innovation for the discipline. According to this view Lucas’s...  

Oil and Unemployment in a New-Keynesian Model

2015
Authors :
Verónica Acurio Vásconez

The effects of oil shocks in inflation and growth have been widely discussed in the literature, however few have focused on the impact of...  

What if Oil is Less Substitutable? A New-Keynesian Model with Oil, Price and Wage Stickiness including Capital Accumulation.

2015
Authors :
Verónica Acurio Vásconez

The recent literature on fossil energy has already stated that oil is not perfectly substitutable to other inputs, considering fossil fuel as a critical...