Les publications de la Chaire

Oil Price Risk and Financial Contagion

2018
Auteurs :
Khaled Guesmi, Ilyes Abid, Anna Creti, Julien Chevallier

In this paper we test for the existence of equity market contagion, originating from oil price fluctuations, to regional and domestic stock markets.

Le gouvernement d’entreprise – Revue d’Economie Financière n°130

2018
Auteurs :
Patricia Crifo, Antoine Rebérioux,

Patricia Crifo et Antoine Rebérioux, chercheurs associés à la Chaire Energie et Prospérité
 ont coordonné le numéro de la revue d'économie financière sur le thème "Le gouvernement d'entreprise - Nouveaux enjeux".

Assessing the implementation of the Market Stability Reserve

2018
Auteurs :
Anna Creti, Corinne Chaton, María Eugenia Sanin

In this paper we model the EU-ETS in presence of the Market Stability Reserve (MSR) as it is defined by that decision and investigate the impact that such a measure has in terms of permits price, output production and banking strategies. Our main finding is that the MSR succeeds in increasing the permits' price...

Méthodologie d’analyse des scenarios utilisés pour l’évaluation des risques liés au climat par une approche paradigmatique PIB-Pétrole

2018
Auteurs :
Michel Lepetit

L'auteur propose une approche macroéconomique paradigmatique de scénarios récents basés sur les données pétrole et PIB qui met en évidence certaines faiblesses structurelles des scénarios de l'AIE.

Coping with the Collapse: A Stock -Flow Consistent Monetary Macrodynamics of Global Warming

2018
Auteurs :
Emmanuel Bovari, Gaël Giraud, Florent Mc Isaac

This paper presents a macroeconomic model of endogenous growth that takes into consideration the economic impact of climate change, the pivotal role of private debt and income distribution. The main finding is that, even though the short-run impact of climate change on economic fundamentals may seem prima facie rather minor, its long-run dynamic consequences...

Potential Impediments to Long-Term and Low-Carbon Investment: The International Accounting Standards at Stake

2018
Auteurs :
Samira Demaria et Sandra Rigot

Cet article montre que les normes comptables internationales IFRS (International Financial Reporting Standards) peuvent affecter la répartition de l'actif à long terme des banques et des compagnies d'assurance et propose des recommandations pour y remédier.

Corporate Governance as a Key Driver of Corporate Sustainability in France: The Role of Board Members and Investor Relations

2018
Auteurs :
Patricia Crifo, Elena Escrig-Olmedo, Nicolas Mottis

This paper examines the relationships between corporate governance and corporate sustainability by focusing on two main components of companies’ governance structure: boards of directors and investor relations officers.

Implications économiques et environnementales du renouvellement des concessions hydroélectriques : étude de cas dans le sud de la France

2018
Auteurs :
Federico Pontoni, Anna Creti et Marc Joëts

Cet article analyse les effets de la mise en concurrence des concessions hydroélectriques françaises à partir de l'exemple de la vallée de l’Aspe, où est installée une capacité hydroélectrique de 100 MW.

Inventory growth cycles with debt-financed investment

2018
Auteurs :
Matheus R. Grasselli, Adrien Nguyen-Huu

We propose a continuous-time stock-flow consistent model for inventory dynamics in an economy with firms, banks, and households.

Competition between renewable and traditional power producers: how spot market design influences the emergence of strategic investments in renewable capacity

2018
Auteurs :
Silvia Concettini

We introduce a theoretical framework for the analysis of competition between a traditional and a renewable generator in a spot electricity market where the electricity from renewable sources is always the first to be dispatched.