Mardi | 2015-11-24 Sully 5 de 15h00 à16h20 Olivier BARGAIN – Laurine MARTINOTY The Great Recession has often been referred to as a ‘mancession’ in several coun- tries including Spain and the US. Although women did experience substantial job losses during the recession, the crisis hit men harder than women for they were dis- proportionately represented in heavily affected sectors such as construction, man- ufacturing and financial services. To date, nothing is known about the way the mancession has translated […]

Mardi | 2015-11-17 Sully 5 de 16h00 à 17h20 Isabelle RABAUD Experts are expecting huge gains from liberalization of trade in services, due to the importance of impediments to trade and to the size of the tertiary sector. Insofar as barriers to trade are closely related to domestic regulations, institutions matter. Focusing on three service activities (Business services, Finance and Insurance), in a cross-section estimation for the mean of years 2010 and 2011 based on the database by Francois and […]

Mardi | 2015-11-10 Sully 5 de 16h à 17h20 Victoire GIRARD Inter-group relations may take the form of segregation, with public goods turned into club goods as a result. Caste-based discrimination is a striking example of this segregation process. In the Hindi- belt, the heartland of India, 44.5% households members of the marginalized castes labeled Scheduled Castes (SCs) declared that some streets were off-limits due to their caste in the 2006 survey used in the article. The exclusion rate was […]

Mercredi | 2015-11-04 B103-12h Marie-Pierre HORY Fiscal interactions in Europe

Mardi | 2015-11-03 Sully5 de 16h à 17h20 Francisco SERRANITO – Damien BESANCENOT – Kim HUYNH This paper aims at estimating the determinants of co-authorship in economics. More specifically, we test the existence of a potential relationship between the research efficiency of an individual and that of his co-authors (the so called assortative matching hypothesis) using a novel database of French academic scholars. However, individual research productivity should be an endogenous regressor as the quality of an academic’s publication will […]

Mardi | 2015-10-20 Sully 5 de 16h à 17h20 Denisa BANULESCU-RADU – Bertrand Candelon – Christophe HURLIN – Sébastien LAURENT In this paper we study various MIDAS models in which the future daily variance is directly related to past observations of intraday predictors. Our goal is to determine if there exists an optimal sampling frequency in terms of volatility prediction. Via Monte Carlo simulations we show that in a world without microstructure noise, the best model is the one using […]

Mercredi | 2015-10-14 B103 à 12h Maxime MENUET A venir

Mercredi | 2015-10-07 B103 à 12h Florian PRADINES-JOBET – Grégory LEVIEUGE – Yannick LUCOTTE This article investigates the relationship between central bank conservatism (CBC) and financial instability. Using a new empirical measure of CBC and the well-known banking crises data base of Laeven and Valencia, we adopt a twostep approach. First, we assess whether monetary policy preferences has impacted financial imbalances. We find that a higher degree of conservatism leads to more imbalances. Second, by means of Tobit estimations, we […]

Mardi | 2015-10-06 Sully5; 16h-17h20 Peter CLAEYS Central banks in G7 countries shifted to unconventional policy measures in the aftermath of the Financial Crisis, when faced with economic slack, financial instability and fiscal trouble. This shift ended a spell of rules-based time consistent monetary policy that started in the mid-1980s. I argue that substantial economic, political and financial risks put pressures on the continued support for a monetary regime. Central banks may be forced to adopt policies with no option […]

Mercredi | 2015-09-30 B103 à 12h Ahmed Al Mahdi SAGNA Ce chapitre cherche à évaluer l’influence des politiques macroéconomiques, particulièrement les politiques budgétaires sur l’activité économique des Etats membres de l’UMOA. Ce faisant, on suppose une non linéarité des effets de la politique budgétaire sur l’activité économiqueen fonction de l’évolution du niveau de la dette publique et du niveau de déficit public. Compte tenu du délai nécessaire pour opérer des modifications dans l’orientation de la politique budgétaire, nous estimons que […]