Actualités

Actualités

Trade in services’ resilience to crisis: the role of institutions

Mardi | 2015-04-07 Sully 5, 16h-17h20 Isabelle RABAUD Services represent nearly 70% of employment and generate more than two thirds of employment, while trade in services accounts for only 20% of total trade. World exports of services appear more resilient to recent crisis than trade in goods. Impediments to trade in services correspond mainly to regulations. This paper aims to look at the impact of the quality of institution on the intensity of bilateral trade in services. We apply a […]

Travail salarié étudiant et réussite académique : le cas des étudiants de première année de Licence

Mardi | 2015-03-31 Sully 4, 16h-17h20 Kady Marie-Danielle BODY – Liliane BONNAL – Pascal FAVARD Très peu d’études françaises se sont intéressées à l’impact du travail salarié des étudiants sur leur réussite universitaire et à notre connaissance aucun sur les étudiants inscrits en première année. Dans cet article, nous essayons de mesurer cet impact. Les résultats obtenus pour la première année de licence montrent que l’emploi salarié va de pair avec une plus forte probabilité d’abandonner les études en cours […]

Bank Competition, Financial Dependence and Productivity Growth in Europe

Mercredi | 2015-03-25 salle B103, 12h-14h Aurélien LEROY This paper empirically analyses the links between banking competition and manufacturing productivity growth for a sample of 10 European countries over the period 1999-2009. To test this relationship, which is from a theoretical point of view unclear, we use a difference-in-difference methodology close to the one proposed by Rajan and Zingales (1998). We find that the total factor productivity of the most financially dependent industries grows at a slower rate in economies […]

Risk Measure Inference

Mardi | 2015-03-24 Sully 5, 16h-17h20 Christophe HURLIN – Sébastien LAURENT – Rogier QUAEDVLIEG – Stephan SMEEKES We propose a widely applicable bootstrap based test of the null hypothesis of equality of two fi rms’ Risk Measures (RMs) at a single point in time. The test can be applied to any market-based measure. In an iterative procedure, we can identify a complete grouped ranking of the RMs, with particular application to fi nding buckets of fi rms of equal systemic […]

Réforme de 1993: l’impact de l’augmentation de la durée d’assurance sur l’équivalent patrimonial des droits à la retraite en France

Mercredi | 2015-03-18 salle B103, 12h-14h Christian Rodrigue TAGNE Résumé :L’objectif de ce papier est d’évaluer ex post l’impact de la réforme des retraites de 1993 dans le secteur privé en France. La mesure d’intérêt de la réforme ici est l’augmentation de la durée d’assurance requise pour obtenir une pension à taux plein. L’utilisation de l’Echantillon Interrégime des Retraités (EIR 2008) nous permet de rendre compte empiriquement de l’écart moyen d’équivalent patrimonial des droits à la retraites (EPDR) induit par […]

Central bank credibility and the expectations channel: Evidence based on a new credibility index

Mardi | 2015-03-17 Sully 5 – 16h-17h20 Grégory LEVIEUGE – Yannick LUCOTTE – Sébastien RINGUEDE This article investigates the relationship between central bank credibility and the volatility of the key monetary policy instrument. Two main contributions are brought forward. First, we propose a time-varying measure of central bank credibility based on the gap between inflation expectations and the official inflation target. While this new index addresses the main limitations of the existing indicators, it also appears more suited to assess […]

Borrowing during a Liquidity Crisis : Evidence from the 2007-2009 financial crisis

Mardi | 2015-03-10 Sully 5 – 16h-17h20 Frédéric VINAS – Pierre PESSAROSSI A key issue in the aftermath of the 2007-09?s global recession is to design a resilient financial system, with this concern in mind we analyse how banks’ maturity mismatch impacts the transmission of liquidity shock to the real economy. Using an extensive loan-level database in France over 2007-2009 and controlling for demand effects, we first show the causality of the maturity of bank?s liability on the maturity of […]

Is there a profile for  » good » chief forecasters?

Mardi | 2015-02-17 Sully 5, 16h30-18h Jean-Charles BRICONGNE – Irène GRIALOU  » Does the profile of chief economists in charge of forecasting in public and private institutions matter for the quality of their forecasting? Different arguments may be invoked in favor or against this argument: chief economists do not always influence directly forecasting, and it may be rather due to the quality of the staff, but on the other hand, the staff may be chosen, reorganized and influenced by the […]