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Aid, volatility, and growth again : when aid volatility matters and when it does not

Chauvet, Lisa; Guillaumont, Patrick - Université Paris-Dauphine (Paris IX) - 2009

important debate has emerged about the possible negative effects of aid volatility itself. However, the cushioning effect of aid … may involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper the authors …-cyclical, is not necessarily destabilizing. They measure aid volatility by several methods and assess pro-cyclicality of aid with …

Persistent link: https://www.econbiz.de/10010707453

Technology shocks and monetary policy : Revisiting the Fed's performance

Matheron, Julien; Avouyi-Dovi, Sanvi - Université Paris-Dauphine (Paris IX) - 2007

Would the U.S. economy's dynamic response to permanent technology shocks have been different from the actual responses if monetary authorities' systematic response to these shocks had been optimal ? To answer this question, we characterize the dynamic effects of permanent technology shocks and...

Persistent link: https://www.econbiz.de/10010707505

A model of carbon price interactions with macroeconomic and energy dynamics

Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2011

his paper develops a model of carbon pricing by considering two fundamental drivers of European Union Allowances : economic activity and energy prices. On the one hand, economic activity is proxied by aggregated industrial production in the EU 27 (as it provides the best performance in a...

Persistent link: https://www.econbiz.de/10010707603

Fluctuations macroéconomiques et dette publique

Kankanamge, Sumudu; Desbonnet, Audrey - Université Paris-Dauphine (Paris IX) - 2008

This paper considers the impact of macroeconomic fluctuations on the optimal level of public debt. Households are subject to both aggregate and idiosyncratic risk and insurance market imperfectness prevents them from from fully insuring against risk. We find that the optimal level of public debt...

Persistent link: https://www.econbiz.de/10010707703

Unemployment and Mortality in France, 1982-2002

Jusot, Florence; Grignon, Michel; Buchmueller, Tom - Université Paris-Dauphine (Paris IX) - 2007

This study uses aggregate panel data on 96 French départements for the period from 1982 to 2002 to investigate the relationship between macroeconomic conditions and mortality, controlling for local area and time fixed effects. Consistent with research using data from other countries, we find...

Persistent link: https://www.econbiz.de/10010707898

Inventories cycles in an augmented R.B.C. model

Collard, Fabrice; Jacques, Jean-François - Université Paris-Dauphine (Paris IX) - 1996

We propose an augmented version of the RBC model that can take into account the existence of lags in observation of demand shocks. This hypothesis seems to be a good framework to account for inventories fluctuations. We find some evidence showing the introduction of lag in observation as well as...

Persistent link: https://www.econbiz.de/10010707991

La dynamique du marché du travail dans l’agglomération d’Antananarivo entre 1995 et 1999 : La croissance macro-économique profite-t-elle aux ménages ?

Razafindrakoto, Mireille; Roubaud, François - Université Paris-Dauphine (Paris IX) - 2001

National accounts data indicate good performance since 1997. But how far can we trust this diagnostic given the weakness in official statistics? If the improvement in real growth reveals effective, do households benefit from it? To address these questions, this study analyzes reliable data from...

Persistent link: https://www.econbiz.de/10010708214

Contribution of aggregate and sectoral shocks to the dynamics of inventories : an empirical study with french and american data

Jacques, Jean-François; Salem, Mélika Ben - Université Paris-Dauphine (Paris IX) - 1999

The aim of this paper is the identification of structural shocks which affect the dynamics of sectoral inventories, through an analysis of the forecasting error variance decomposition. This identification is achieved using the American and French time series of aggregate production, sectoral...

Persistent link: https://www.econbiz.de/10010708365

Elections and Economic Policy in Developing Countries

Chauvet, Lisa; Collier, Paul - Université Paris-Dauphine (Paris IX) - 2009

This paper explores the impact of elections on economic policies and governance in developing countries. We distinguish between a structural effect, which increases accountability, and a cyclical effect which may be disruptive. Since the effects are offsetting, neither can be analyzed in...

Persistent link: https://www.econbiz.de/10010708914

Incomplete Markets and the Output-Inflation Tradeoff

Challe, Edouard; Algan, Yann; Ragot, Xavier - Université Paris-Dauphine (Paris IX) - 2011

This paper analyses the effects of money shocks on macroeconomic aggregates in a tractable flexible-price, incomplete-markets environment that generates persistent wealth inequalities amongst agents. In this framework, current inflation redistribute wealth from the cash-rich employed to the...

Persistent link: https://www.econbiz.de/10010709017