Publications of the Chair

Energy practices and population cohorts: the case of Mexico

2022
Authors :
Rossella Bardazzi, Maria Grazia Pazienza, Maria Eugenia Sanin

Developing countries are advancing towards universal energy access with high fertility rates and young population. Socio-demographic and economic evolutions will influence future energy consumption patterns. Herein, we use Mexico as a case study to estimate determinants of residential electricity consumption as well as the importance that a shift in generational preferences has on such...

Conventional and unconventional economic policies in an econometric SFC model of the French economy

2022
Authors :
Jacques Mazier, Luis Reyes

A first version of an econometric SFC model of the French economy based on the accumulation accounts from INSEE and on the financial accounts of the Bank of France has been presented (Mazier and Reyes, 2022). It provides the overall structure, the main equations and the basic properties of the model. This paper is...

A stock flow consistent model for the French economy in Macromodelling, economic policy and methodology: economics at the edge

2022
Authors :
Jacques Mazier, Luis Reyes

Reyes and Mazier present a first version of an econometric stock flow consistent (SFC) model of the French economy – an aggregate model with a single product, five domestic agents and the rest of the world with a complete representation of real and financial sectors in stocks and flows.

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

2022
Authors :
Jacques Mazier, Luis Reyes

An econometric SFC model of the French economy is presented. The structure of the model is analogous to that of already existing national-level SFC models. The dynamic
simulations on the past over the period 1996-2019 provide acceptable results. In a second part the effects of unconventional monetary policy are evaluated such as the distribution of
helicopter money in...

Do French firms follow a transparent or climate-friendly path?

2022
Authors :
Jeanne Amar, Samira Demaria, Sandra Rigot

Corporate disclosures related to climate risks are one of the ways to fight climate change by improving financial transparency for investors. An initial assessment, five years after the COP 21, of the climate disclosure practices of French companies (CAC 40) 2015-2019 will be presented. While the results are encouraging, they need to be put into...

Assessing the regional redistributive effect of renewable power production through a spot market algorithm simulator: the case of Italy

2022
Authors :
Silvia Concettini, Anna Creti, Stanislao Gualdi

We develop an algorithm called M.I.D.A.S. (Italian Day-Ahead Market Solver) that simulates by iterative splitting the hourly equilibrium (price-quantity) of the Italian day-ahead market taking into account all transmission constraints between zones and the import from neighbouring countries. The algorithm is employed to study the sensitivity of equilibria to changes in production from units employing variable renewable sources, notably...

Profitability and Revenue Uncertainty of Wind Farms in Western Europe in Present and Future Climate

2022
Authors :
Silvia Concettini, Bastien Alonzo, Anna Creti, Philippe Drobinski, Peter Tankov

Article published in Energies 2022, 15. Investments into wind generation may be hampered by revenues uncertainty caused by the natural variability of the resource, the...  

Biodiversity loss and climate change interactions: financial stability implications for central banks and financial supervisors

2022
Authors :
Katie Kedward, Josh Ryan-Collins, and Hugues Chenet

In this paper, we examine how central banks and financial supervisors are approaching the topic of BRFR in relation to climate-related financial risk. We argue that policymakers should focus upon the broader concept of systemic environmental-financial risks to account for the interactions and trade-offs between both domains of biodiversity and climate change.

Hotelling and Recycling

2022
Authors :
Bocar Samba Ba, Raphael Soubeyran

This article studies the exploitation of recyclable exhaustible resources such as metals that are crucial for the energy transition or phosphorus that is crucial for agricultural production. We use a standard Hotelling model of resource exploitation that includes a primary sector and a recycling sector.

 

What is Disappearing: Considerations about the Species, the Ecological Crisis and the Crisis in Culture

2022
Authors :
Hadrien Lantremange

While the ecological crisis is usually presented as a confrontation between mankind and nature, there remains a third term that it is imperative to keep in mind: technology. Technology appears as made up of two fronts, which must be considered jointly: mediation with nature, and mediation with man himself.