Publications of the Chair

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.

Shaky foundations: Central bank independence in the 21st century

2022
Authors :
Jérôme Deyris, Gaëtan Le Quang et Laurence Scialom

Central bank independence (CBI) has often been presented as a superior institutional arrangement demonstrated by economists in the 1980s for achieving a common good in a non-partisan manner. In this article, we argue that this view must be challenged.

Winners and Losers of the COVID-19 Pandemic: An Excess Profits Tax Proposal

2022
Authors :
Céline Azémar, Rodolphe Desbordes, Paolo Melindi-Ghidi, Jean-Philippe Nicolaï

This paper studies the gains and losses incurred during the COVID-19 pandemic. A comparison between the gains and losses triggered by both the pandemic and the lockdown indicates that an excess profits tax imposed on the ‘winners’ could partly compensate the ‘losers’ of the same sector.

Credit Risk Sensitivity to Carbon Price

2022
Authors :
Vincent Bouchet and Theo Le Guenedal

Based on the 2018 Intergovernmental Panel on Climate Change scenarios, this article studies the credit risk sensitivity of 795 international companies to carbon prices.

Enhancing financial transparency to mitigate climate change: Towards a Climate Risks and Opportunities Reporting Index

2022
Authors :
Jeanne Amar, Samira Demaria, Sandra Rigot

Using the IPCC (2018) medium (2024) and long-term (2060) scenarios, this study analyzes the credit risk sensitivity of 763 international companies.

Macro-dynamics of the energy transition : robustness, money velocity and public policies

2022
Authors :
Edouard Dossetto

The aim of this work was to develop a robust transition model that should be able to provide information on public policies to avoid either an attractive equilibrium with fossil fuel-intensive capital only, or a collapse due to a climate-induced Minsky moment

Financing green mobility Is it enough and where does it go?

2022
Authors :
Jean-Pierre Ponssard

On Dec 9-10, 2021, the annual International Conference on Mobility Challenges provided an outstanding opportunity to bring together researchers, industry experts and policy makers to discuss these issues. This note gives a summary of the debate.

Why local initiatives for the energy transition should coordinate. The case of cities for fuel cell buses in Europe

2020
Authors :
Guy Meunier, Lucie Moulin, Jean-Pierre Ponssard

Article accepted in the Revue d’Economie Industrielle Hydrogen is a possible alternative to the internal combustion engine, alongside battery-powered vehicles, in the context of reducing greenhouse...  

The climate consistency goal and the transformation of global finance

2021
Authors :
Luis H. Zamarioli, Pieter Pauw, Michael König and Hugues Chenet

In this article, we build on four methods to show that Art. 2.1(c) of the Paris Agreement comprises a new meaning of ‘finance’ under the United Nations negotiations. Implementation of Art. 2.1(c) requires engagement by governments and non-state actors, including the financial sector. 

Heterogenous effects of rural electrification on child labor in Nigeria

2022
Authors :
Claire Salmon and Jeremy Tanguy

This paper investigate in particular how child labor varies depending on the nature of electricity supply and the electrical appliances used in the household. We find that the employment probability of children from electrified households is lower than that of children living in non-electrified households only when the household combines grid access and a generator as sources...