Mardi | 2021-03-16 16H00 – Webinar Dylan BOURNY – Daniel MIRZA – Camélia TURCU This paper identifies an externality of multinationals on trade, channeled through their power of promoting cultures across countries. In particular, it shows how multinationals, by selling products embodying cultural information related to their country of origin, actually promote exports of the latter. We argue that IKEA offers an ideal case to identify a multinational’s culture-promotion effect on trade. We build a dataset on IKEA’s presence in […]

Mardi | 2021-03-09 16H00 – Webinar Andrea PRESBITERO Can debt moratoria help countries weather negative shocks? We study the bond market effects of an official debt service suspension endorsed by the international community during the Covid-19 pandemic. Using daily data on sovereign bond spreads and synthetic control methods, we show that countries eligible for official debt relief experience a larger decline in borrowing costs compared to similar, ineligible countries. This decline is stronger for countries that receive a larger relief, […]

Mardi | 2021-02-23 16H00 – Webinar Jonathan BENCHIMOL – Lahcen BOUNADER The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting prevails for myopia that distorts agents’ inflation expectations, price level targeting emerges as the optimal policy under myopia regarding the output gap, revenue, or interest rate. To the extent that bygones are not bygones under price level targeting, rational inflation expectations is a minimal condition for […]

Mardi | 2021-01-26 16H00 – Webinar Walter STEINGRESS Exporting is known to improve _rm performance; numerous studies report efficiency gains arising from entry into foreign markets, greater _rm-level investment, greater employment among other complementary firm-level changes. However, successful exporters inherently satisfy multiple constraints simultaneously: they find buyers for their product abroad, hire sufficient inputs, access necessary financing, and pass legal obstacles, among others. We focus on two potentially limiting constraints to successful entry into export markets: profitability and access to […]

Ce workshop est organisé dans le cadre de l’ANR CaLiBank. Trois interventions de membres du LEO sont prévues. Consulter le programme de ce workshop Cliquez ici pour rejoindre le workshop

Mercredi | 2020-10-22 12h00 en B103 Jedah OGWENO AbstractThis paper examines the impact of remittances on the tax effort of 91 developing countriesduring 2002-2017 using Stochastic Frontier Analysis (SFA). SFA makes a distinction betweenthe concepts of tax capacity (the optimum tax revenue a country can collect given its structuralfeatures) and tax effort (the ratio of actual tax revenue to tax capacity). The results indicate thatremittances increase tax effort in receiving countries and the strength of this relationship isundermined in highly […]

Mercredi | 2020-10-15 B103 – 12h00 Tobignaré YABRE Abstract :This paper proposes a critical survey on the role of budget institutions in promoting optimal fiscal policy based onspecific experiences of African countries. The paper shows that the observed path of fiscal policy in Africa departsfrom the normative prescription of the optimal fiscal policy theory but finds consistent explanations in the politicaleconomy literature. We argue that relevant budget institutions are needed to promote optimal fiscal policy.Institutional reforms can be done at […]

Mercredi | 2020-09-24 B103 – 11h30 Askandarou Cheik DIALLO – Isabelle RABAUD – Luc JACOLIN Abstract : This paper investigates the relationship between foreign direct investment (FDI) and private investment in Sub-Saharan Africa, using a sample of SSA 40 countries over 1980-2013. To disentangle short term from long-term dynamics, and take into account possible endogeneity issues, our empirical analysis is based on Pooled Mean Group (PMG), Mean Group (MG) and Dynamic Full Effects (DFE). We find that FDI has little […]

SIBI Mahi Georges « Dette publique et croissance économique : cas de la Côte d’Ivoire » (sous la direction de Patrick VILLIEU), soutenue le 23 octobre 2020Consultez la publicité de soutenance NAWAZ Kishwar  » Three essays on natural resources, financial development and energy demand in Pakistan  » (sous la direction de Amine LAHIANI) soutenue le 30 novembre 2020Consultez la publicité de soutenance HUÉ Sullivan « Quatre Essais sur la Mesure des Risques Financiers  » (sous la direction de Sessi TOKPAVI) soutenue le 11 décembre 2020Consultez la publicité de soutenance […]

Mercredi | 2020-09-17 Salle des thèses – 12h00 Yannick LUCOTTE – Elham KAMAL – Vahid TAGHINEZHAD Abstract :This paper studies in two stages the effects of central bank credibility on exchange rate pass-through (ERPT) on 20 inflation targeting (IT) countries. In the first stage, using 60 months rolling window regression of inflation on nominal effective exchange rate is obtained time-varying ERPT in during 1979m1-2020m5. In the second stage a credibility loss index is computed to measure the importance of central […]