Publications of the Chair

Does environmental regulation create merger incentives?

2017
Authors :
Anna Creti, María-Eugenia Sanin

Published in Energy Policy June 2017. This paper studies merger incentives for polluting Cournot firms under a competitive tradable emission permits market.

CO2 content of electricity losses

2017
Authors :
Daniel Daví-Arderiusa, María-Eugenia Sanin, Elisa Trujillo-Bautec

Published in Energy Policy - Vol 104 - May 2017. We study the importance in terms of CO2 emissions the extra amount of energy necessary to cover losses. With this purpose we use Spanish market and system data with hourly frequency from 2011 to 2013. Our results show that indeed electricity losses significantly...

The effect of countries’ ESG ratings on their sovereign borrowing costs

2017
Authors :
Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi.

The article examines whether the extra-financial performance of countries on environmental, social and governance (ESG) factors matters for sovereign bonds markets. Using a panel regression model over a data set with 23 OECD countries from 2007 to 2012, it shows that ESG ratings significantly decrease government bond spreads.

Note méthodologique – Effets d’une inondation sur les populations dans le delta du Niger

2017
Authors :
Gaël Giraud, Hélène L’Huillier, Cécile Renouard

Gaël Giraud, Hélène L’Huillier (Université Lille 1) et Cécile Renouard (ESSEC Business School) ont publié  dans la revue Oxford Development Studies un article sur...  

The macrodynamics of household debt, growth, and inequality

2017
Authors :
Gaël Giraud, Matheus Grasselli

How do inequality and growth evolve in the long run and why? This paper analyses the interplay between household debt, growth and inequality within a monetary, stock-flow consistent framework.

Policies and deployment for Fuel Cell Electric Vehicles an assessment of the Normandy project

2016
Authors :
Julien Brunet, Jean-Pierre Ponssard

Article publié dans  The International Journal of Hydrogen Energy (24/12/16) The paper provides a cost benefit analysis of one of the most prominent Fuel...  

Doctoral thesis – Energy and Money in New Frameworks for Macro-dynamics

2016
Authors :
Florent Mc Isaac

Phd Thesis – Florent Mc Isaac presented publicly on  the 14th of December 2016 – Université Paris 1, Panthéon Sorbonne. Ever since the stagflation...  

Master thesis – Analysis of a hydrogen-based transport system and the role of public policy in the transition to a decarbonized economy

2016
Authors :
Alena Kotelnikova

Alena Kotelnikova – Doctoral thesis presented on Oct. 3 2016 – Université Paris Saclay and Ecole Polytechnique. What economic and policy framework would foster...  

Debt-Deflation versus the Liquidity Trap the Dilemma of Nonconventional Monetary Policy

2016
Authors :
Gaël Giraud, Antonin Pottier.

Paper published in Economic Theory (Vol. 62, June 2016). This paper examines quantity-targeting monetary policy in a twoperiod economy with fiat money, durable goods and default.

The New Classical Explanation of the Stagflation: A Psychological Way of Thinking

2016
Authors :
Aurélien Goutsmedt

Abstract: The stagflation phenomenon is regarded as one of the cause of the Keynesian paradigm breakdown in the 1970s. The New Classical school took...