Discriminatory Indirect Taxation in International Tax Competition (Article non disponible)
Mardi | 2011-02-15 B103 Sebastian KESSING – Isabelle RABAUD xx
Année : 2011
Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States
Mardi | 2011-02-08 B103 Petar Chobanov – Amine LAHIANI – Nikolay NENOVSKY Summary: When the first phase of the crisis focused primarily on the interbank market volatility, thesecond phase spread on the instability of public finance. Although the overall stance of public financesof the new members is better than the old member countries, the differences […]
Modelling Volatility and Correlations with a Hidden Markov Decision Tree
Mardi | 2011-02-01 B103 Philippe CHARLOT – libre The goal of the present paper is to present a new multivariate GARCH model with time varying conditional correlation. Since the seminal work of Bollerslev (1990), conditional correlation models have become a attractive field in economics. Different specifications have been developed to study both empirical findings and […]
Environmental Tax and the Distribution of Income among Heterogeneous Workers
Mardi | 2011-01-25 B103 Mireille CHIROLEU-ASSOULINE – Mouez FODHA This paper analyzes the environmental tax policy issues when labor is heterogeneous. The objec-tive is to assess whether an environmental tax policy could be Pareto improving, when the revenueof the pollution tax is recycled by a change in the labor tax properties. We show that, dependingon […]
Time-Varying Risk Premium in Large Cross-Sectional Equity Datasets (preliminary draft)
Mardi | 2011-01-18 B103 Patrick GAGLIARDINI – Elisa OSSOLA – Olivier SCAILLET AbstractWe develop an econometric methodology to infer the path of risk premia from large unbalancedpanel of individual stock returns. We estimate the time-varying risk premia implied by conditional linearasset pricing models through simple two-pass cross-sectional regressions, and show consistency andasymptotic normality under increasing […]
Co-movement of business cycles in the Maghreb : does the trade matter?
Mercredi | 2011-01-12 B103 Aram BELHADJ – Comlanvi Jude EGGOH Over the past two decades, the Maghreb Countries have initiated a liberalization process characterized by increasing trade flows and they have strengthened economic and financial linkages between their economies.In this paper, we demonstrate how co-movements of outputs would respond to this integration process. The nature […]