Yearly Archives: 2024

Unconventional monetary policy in an econometric SFC model of the French economy: Some lessons for financing the low-carbon transition

Jacques MazierMacro-economical and societal challengesPublicationsPublicationsResearch areaResearch FellowsComments Off on Unconventional monetary policy in an econometric SFC model of the French economy: Some lessons for financing the low-carbon transition

Un modèle économétrique SFC de l’économie française est présenté pour étudier les effets des politiques monétaires non-conventionnelles et l’impact d’une version simple de la monnaie électronique banque centrale. Différentes formes de politiques monétaires non conventionnelles sont évaluées.

Dette publique et policy mix climatique : l’éclairage des modèles macroéconomiques stocks-flux cohérents

Jacques MazierMacro-economical and societal challengesPublicationsPublicationsResearch areaResearch FellowsComments Off on Dette publique et policy mix climatique : l’éclairage des modèles macroéconomiques stocks-flux cohérents

This paper examines the contribution of SFC modelling to the definition of a green policy mix that would facilitate the implementation of a climate transition policy.

Technology Neutral vs. Technology Specific Procurement

An imperfectly-informed regulator needs to procure multiple units of some good that can be produced with heterogeneous technologies at various costs. How should it optimally procure these units? We find that one size does not fit all: the preferred instrument depends on the costs of the available technologies, their degree of substitutability, the extent of information asymmetry, and the costs of public funds.