Publications of the Chair

National Carbon Reduction Commitments: Identifying the Most Consensual Burden Sharing

2017
Authors :
Gaël Giraud, Hadrien Lantremange, Emeric Nicolas, Olivier Rech

How could the burden of GHG emission reduction be shared among countries? The article address this arguably basic question by purely statistical methods that do not rely on any normative judgment about the criteria according to which it should be answered.

Testing Goodwin with a Stochastic Differential Approach – The United States (1948 – 2017)

2017
Authors :
Florent Mc Isaac

The goal of this paper is to propose and test stochastic differential equations for Goodwin’s model and one of its extension by using an estimation technique based on simulated maximum likelihood developed by Durham and Gallant (2002)

Stagflation and the crossroad in macroeconomics: the struggle between structural and New Classical macroeconometrics

Authors :
Aurélien Goutsmedt

The article studies the 1978 macroeconomics conference titled “After the Phillips Curve”, where Lucas and Sargent presented their fierce attack against structural macroeconometric models, “After Keynesian Macroeconomics”. It aims at enlarging the comprehension of changes in macroeconomics in the 1970s.

Coupled Climate–Economy–Biosphere (CoCEB) model – Part 2: Combining deforestation control with carbon capture and storage technologies

2017
Authors :
Keroboto B. Z. Ogutu , Fabio D’Andrea, Michael Ghil

This study uses the global climate–economy–biosphere (CoCEB) model formulated in Part 1 to investigate economic aspects of deforestation control and carbon sequestration in forests, as well as the efficiency of carbon capture and storage (CCS) technologies as policy measures for climate change mitigation.

Stopping Behaviors of Naïve and Non-Committed Sophisticated Agents when They Distort Probability

2017
Authors :
Yu-Jui Huang, Adrien Nguyen-Huu, Xun Yu Zhou

We consider the problem of stopping a diffusion process with a payoff functional involving probability distortion. We study stopping decisions of naïve agents who reoptimize continuously in time, as well as equilibrium strategies of sophisticated agents who anticipate but lack control over their future selves’ behaviors.

Coupled Climate–Economy–Biosphere (CoCEB) model – Part 1: Abatement efficacy of low-carbon technologies

2017
Authors :
Keroboto B. Z. Ogutu, Fabio D'Andrea, Michael Ghil, Charles Nyandwi

The CoCEB model is used to evaluate hypotheses on the long-term effect of investment in emission abatement, and on the comparative efficacy of different approaches to abatement. While many studies in the literature treat abatement costs as an unproductive loss of income, we show that mitigation costs do slow down economic growth over the...

Relational Capabilities and Subjective Well-Being: Influence of Exclusion and Ethnic Polarization

2017
Authors :
Rakesh Gupta N.R.

This paper presents novel approach about ethnic polarization in a country and extends its relevance beyond social conflict and civil wars to subjective well-being (SWB) and relational capabilities construct.

Coherent Multidimensional Poverty Measurement

2017
Authors :
Gaël Giraud, Rakesh Gupta N. R.

This paper presents a family of multidimensional poverty indexes that measure poverty as a function of the extent and the intensity of poverty.

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.

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...