Research Fellows

International Conference on Mobility Challenges

La 9ème édition de la conférence internationale sur les défis de la mobilité réunit des professionnels des mondes académiques et industriels pour explorer les défis majeurs à l'interface des industries automobiles, énergétique et de la mobilité. Le premier jour sera consacré à une série d'interventions et de tables rondes ; le second jour sera axé sur la recherche, avec la présentation de travaux.

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.

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

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

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Profitability and Revenue Uncertainty of Wind Farms in Western Europe in Present and Future Climate

Article published in Energies 2022, 15. Investments into wind generation may be hampered by revenues uncertainty caused by the natural variability of the resource, the...  

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.

What is Disappearing: Considerations about the Species, the Ecological Crisis and the Crisis in Culture

While the ecological crisis is usually presented as a confrontation between mankind and nature, there remains a third term that it is imperative to keep in mind: technology. Technology appears as made up of two fronts, which must be considered jointly: mediation with nature, and mediation with man himself.