A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …

We consider a model where the central bank faces a credibility problem in its announcements, but also cares about its … credibility and, therefore, wants to make truthful announcements. We show that, although the central bank would be able to …

paper industry, and the energy and heating sector from 2000 to 2003. The results indicate a hurdle rate of investment of 2 …

risk management process to international standards and implement modern risk management concepts and reporting processes … (VaR, EaR...). Even though important evolutions have been accomplished, we argue here that the long-term risk management … concerns the time consistency of long-term and mid-term risk management processes. We show that consistencies issues are coming …