We examine to which extent the Keen model (Keen 1995) is a faithful modelling of Minsky’s Finance. We conclude that the Keen crisis has few Minskian flavours.
The consumption of mineral resources and energy has increased exponentially over the last 100 years. Further growth is expected until at least the middle of the 21st century. In order to meet this demand, more metals will have to be produced by 2050 than over the last 100 years, which raises questions about the sustainability and conditions of supply.
Réalisé avec Jean-Pierre Ponssard, le Cahier de l’ILB est consacré à la mobilité durable. Il aborde des sujets aussi divers que l’impact des restriction de conduite sur la pollution urbaine, l’intérêt du véhicules à hydrogène ou l’importance des régulations pour développer l’innovation en matière de mobilité.
This study uses the global climate–economy–biosphere (CoCEB) model formulated in Part 1 to investigate economic aspects of deforestation control and carbon sequestration in forests, as well as the efficiency of carbon capture and storage (CCS) technologies as policy measures for climate change mitigation.
L’article propose un formalisme pour répondre à la question suivante : quand un individu (agent, nation) met-il en œuvre une action binaire (par exemple, engager la lutte contre le réchauffement climatique, liquider son portefeuille, arrêter de fumer) si sa perception des risques est déformée ?
Article published in Environmental and Resource Economics – September 2017 Abstract. We consider a partial equilibrium model to study the optimal phasing out of...
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 CoCEB model is used to evaluate hypotheses on the long-term effect of investment in emission abatement, and on the comparative efficacy of different approaches to abatement. While many studies in the literature treat abatement costs as an unproductive loss of income, we show that mitigation costs do slow down economic growth over the next few decades, but only up to the mid-21st century or even earlier; growth reduction is compensated later on by having avoided climate negative impacts.
Article publié dans la revue Physica A: Statistical Mechanics and its Applications (août 2017). Pour étudier certains effets stochastiques en économie on considère la...
