Publications of the Chair

Climate Change and Financial Risk

2019
Authors :
Hugues Chenet

This paper is an introduction to climate change risk for the financial sector (banks and investors). It aims to provide financial professionals, researchers and policymakers in the area of banking and investment with a snapshot of the current state of the art and guidance on the relevant literature to go further. 

Energy, knowledge, and demo-economic development in the long run: a unified growth model

2019
Authors :
Emmanuel Bovari, Victor Court

This article provides a knowledge-based and energy-centred unified growth model of the transition from limited to sustained economic growth.

Sovereign bond yield spreads and sustainability: An empirical analysis of OECD countries

2019
Authors :
Gunther Capelle-Blancard, Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi, Bert Scholtens

This paper studies whether and how a country's environmental, social, and governance (ESG) performance relates to its sovereign borrowing costs in international capital markets.

Reaching Brazil’s National Determined Contributions: An Assessment of the Key Transitions in Final Demand and Employment

2019
Authors :
Florent Mc Isaac, Daniel Bastidas

Using Brazil’s industrial structure and its interdependence, we evaluate the minimal changes in final demand that are needed to achieve their NDC and study the impacts that such changes could cause to the employment by industry in the country. 

Minskyan Classical Growth Cycles: Stability Analysis of a Stock-Flow Consistent Macrodynamic Model

2018
Authors :
Daniel Bastidas, Adrien Fabre and Florent Mc Isaac

This paper follows van der Ploeg (1987)’s research program in testing both its extension of Goodwin (1967)’s predator-prey model and the Minsky Financial Instability Hypothesis (FIH) proposed by Keen (1995).

An estimation of different minimum exergy return ratios required for society

2019
Authors :
Victor Court

This article shows that several minimum exergy return ratios (ExRRs) can be computed in relation to different aggregate exergy conversion efficiencies.

Hicksian Traverse Revisited: Conditions for the Energy Transition

2018
Authors :
Adrien Nguyen-Huu, Antonin Pottier

This article analyzes the transition dynamics, what Hicks called the traverse, from one equilibrium toward another one—and the conditions for such a transfer—in a bi-sectoral economy under technological shocks.

A representation of the world population dynamics for integrated assessment models

2020
Authors :
Victor Court, Florent Mc Isaac

In this article, we design a phenomenological model of the global human population dynamics by using the gross world product (GWP) as an exogenous input variable to determine the birth rate and death rates of each age group

Foreign Demand and Greenhouse Gas Emissions: Empirical Evidence with Implications for Leakage

2018
Authors :
Geoffrey Barrows and Hélène Ollivier

In this paper, we estimate for the first time how production and emissions of manufacturing firms in one country respond to foreign demand shocks in trading partner markets.

Why conditional subsidies for risky innovative green projects should be prefered to flat subsidies

2018
Authors :
Guy Meunier, Jean-Pierre Ponssard

This paper analyzes the potential benefit of using subsidies conditional on success or failure of an R&D program, rather than a flat subsidy.