Les publications de la Chaire

National Carbon Reduction Commitments: Identifying the Most Consensual Burden Sharing

2017
Auteurs :
Gaël Giraud, Hadrien Lantremange, Emeric Nicolas, Olivier Rech

How could the burden of GHG emission reduction be shared among countries? The article address this arguably basic question by purely statistical methods that do not rely on any normative judgment about the criteria according to which it should be answered.

Economic networks: Heterogeneity-induced vulnerability and loss of synchronization

2017
Auteurs :
Michaël Ghil, Celian Colon

Interconnected systems are prone to propagation of disturbances, which can undermine their resilience to external perturbations. Propagation dynamics can clearly be affected by potential time delays in the underlying processes. We investigate how such delays influence the resilience of production networks facing disruption of supply.

Thèse – Les macroéconomistes et la stagflation – Essais sur les transformations de la macroéconomie dans les années 1970

2017
Auteurs :
Aurélien Goutsmedt

Cette thèse a pour objectif d'étudier l'influence des nouveaux classiques sur la macroéconomie dans les années 1970 en mobilisant un appareil historiographique qui met au coeur de l'étude le rôle joué par la stagflation, et de confronter les résultats de cette étude avec l'histoire conventionnelle de la macroéconomie.

Etat des lieux du reporting environnemental : les sociétés du CAC 40

2017
Auteurs :
Sandra Rigot, Samira Demaria

Cet article vise à dresser un état des lieux du reporting environnemental des sociétés du CAC 40 au regard des recommandations de la Task Force on Climate-related Financial Disclosure (TCFD) du Financial Stability Board (FSB)

Testing Goodwin with a Stochastic Differential Approach – The United States (1948 – 2017)

2017
Auteurs :
Florent Mc Isaac

The goal of this paper is to propose and test stochastic differential equations for Goodwin’s model and one of its extension by using an estimation technique based on simulated maximum likelihood developed by Durham and Gallant (2002)

Stagflation and the crossroad in macroeconomics: the struggle between structural and New Classical macroeconometrics

Auteurs :
Aurélien Goutsmedt

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.

Using Output-Based Allocations to Manage Volatility and Leakage in Pollution Markets

2017
Auteurs :
Guy Meunier, Juan-Pablo Montero and Jean-Pierre Ponssard

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.

Output-based allocations in pollution markets with uncertainty and self-selection

2017
Auteurs :
Guy Meunier, Juan-Pablo Montero, Jean-Pierre Ponssard.

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. 

Debt and Investment in the Keen model: a Reappraisal of Modeling Minsky

2017
Auteurs :
Adrien Nguyen-Huu, Antonin Pottier.

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.

Global trends in metal consumption and supply element: the raw material–energy nexus

2017
Auteurs :
Cyril François, Gael Giraud, Fatma Rostom, Olivier Vidal

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...