Posts Page

Ut pellentesque libero ac magna ornare, eget dictum orci ultricies. In quis tortor semper, luctus dolor ut, adipiscing eros. Maecenas sed pharetra neque. Nullam id ipsum id quam ultrices luctus. Donec adipiscing augue non placerat consectetur. Aliquam erat volutpat.

Assessing the implementation of the Market Stability Reserve

In this paper we model the EU-ETS in presence of the Market Stability Reserve (MSR) as it is defined by that decision and investigate the impact that such a measure has in terms of permits price, output production and banking strategies. Our main finding is that the MSR succeeds in increasing the permits' price correcting an excess supply .

Coping with the Collapse: A Stock -Flow Consistent Monetary Macrodynamics of Global Warming

This paper presents a macroeconomic model of endogenous growth that takes into consideration the economic impact of climate change, the pivotal role of private debt and income distribution. The main finding is that, even though the short-run impact of climate change on economic fundamentals may seem prima facie rather minor, its long-run dynamic consequences may lead to an extreme downside. 

Potential Impediments to Long-Term and Low-Carbon Investment: The International Accounting Standards at Stake

The paper shows that International Financial Reporting Standards (IFRS) can affect long-term asset allocation of banks and insurance companies. International accounting standards do not differentiate between low and carbon intensive investment and do not take into account climate risks beforehand.

Corporate Governance as a Key Driver of Corporate Sustainability in France: The Role of Board Members and Investor Relations

This paper examines the relationships between corporate governance and corporate sustainability by focusing on two main components of companies’ governance structure: boards of directors and investor relations officers.

Economic and Environmental Implications of Hydropower Concession Renewals: A Case Study in Southern France

this article analyzes the effect of the re-assignement of the French hydropower concessions through a competitive public procedure. It is based on the exemple of the Aspe valley, where more than 100 MW of hydro capacity is installed.

Inventory growth cycles with debt-financed investment

We propose a continuous-time stock-flow consistent model for inventory dynamics in an economy with firms, banks, and households.