This paper studies climate-related central bank communication using a novel dataset containing 35,487 speeches delivered by 131 central banks from 1986 to 2023. It employs natural language processing techniques to identify and trace the evolution of key climate-related narratives centred around (i) green finance, and (ii) climate-related financial risks. Equity returns of "green" firms outperform those of "dirty" firms...
This paper leverages a new method in the construction of credible counterfactuals for causal inference. This paper adopts a Bayesian structural time series (BSTS) modeling framework alongside a set of contemporaneous predictors related to power sector emissions to build counterfactual estimates of emissions for each post-intervention period and analyze the policy implementation effect by...
Cet article étudie dans le cadre d’un modèle d’équilibre partiel à deux pays, le Nord et le Sud, les effets du changement de localisation des entreprises dans un contexte de concurrence internationale et imparfaite.
The report attempts to respond to the UN Secretary-General's recent call for "innovative approaches and bold policy decisions" to tackle the SDGs (UN, 2023). It attributes the existing finance gap to the unrealistic assumptions of the dominant macroeconomic paradigm, which it proposes to replace with new assumptions that are better able to address the...
Si elle ne veut pas se désintégrer sous la pression de multiples crises internes et externes, l’Europe politique doit adapter sa gouvernance économique aux défis qui l’attendent. Certaines formes de coordination économique peuvent émerger dans le cadre juridique actuel, d’autres exigeraient une réforme des traités européens.
This study investigates the dynamic relationship between climate extreme events, conflicts, and internal displacement in Burkina Faso. Using monthly data on floods, storms, violent and non-violent conflicts, and demonstrations from 2018 to 2022, the analysis shows that, unlike storms, floods have affected all regions of the country. This study highlights the need for effective conflict management...
This article looks at how to make fiscal, monetary and prudential policies greener in order to address the massive financing needs and major risks associated with climate change.
Starting with the observation, based on the recent experience of the financial and health crises, that the separate and independent implementation of monetary and fiscal policies undermines...
Agglomeration bonuses (ABs) are payments conditional on the contiguity of landowners’ conservation areas. It is widely accepted that, by encouraging landowners to cooperate, ABs promote more cost-effective biodiversity conservation than instruments targeting landowners individually. This article challenges this conclusion by studying the impacts of different AB designs, some of which explicitly aim to enhance...
Dans tous les domaines de nos vies et face aux nouvelles fractures (climatiques et écologiques, du travail ou de santé, numériques ?) mais aussi de façon plus philosophique voire politique, et en la reliant à quelques-unes des grandes notions de notre époque, cet ouvrage explore les potentiels et la modernité d’une idée dans toute...
This paper studies the long-term consequences of a zero-growth regime on the evolution of employment and unemployment, depending on the assumptions we can make concerning the evolution of the working population, labor productivity and working hours. These consequences are examined through three scenarios. This leads us to conclude that the goal...
Ce workshop s'adresse particulièrement aux chercheurs et chercheuses. En présence de Véronica Salazar (IIE, Stockholm), Anna Papp (MIT), Ludovica Gazze (Warwick), Ondine Berland (LSE), Anouch Missirian (INRAE, TSE), Mathieu Parenti (INRAE, PSE), François Bareille (INRAE, PSAE) et Julien Wolfersberger (AgroParisTech, PSAE).
