The article studies the 1978 macroeconomics conference titled “After the Phillips Curve”, where Lucas and Sargent presented their fierce attack against structural macroeconometric models, “After Keynesian Macroeconomics”. It aims at enlarging the comprehension of changes in macroeconomics in the 1970s.
En amont du sommet climat qui se tiendra à Paris le 12 décembre 2017, France Stratégie et la Chaire Énergie et Prospérité ont organisé une table-ronde sur la contribution que le système financier peut apporter à la transition énergétique et la stabilisation du climat. Visionnez la vidéo avec les interventions de Laurent Clerc (Banque de France), Pierre Ducret (I4CE, CDC), Alain Grandjean (Carbone 4), Tim Jackson (Surrey University) et Sylvie Lemmet (Cour des Comptes).
Output-based allocations (OBAs) are typically used in emission trading schemes to mitigate leakage in sectors at risk. Recent work has shown they may also help to stabilize prices in markets subject to supply and demand shocks. We extend previous work to simultaneously include both leakage and volatility.
The paper studies pollution permit markets in which a fraction of permits are allocated to firms based on their output. Output-based allocations, which are receiving increasing attention in the design of carbon markets around the world are shown to be optimal under demand and supply volatility despite the output distortions they may create.
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...
