[ger] Die Strategie der Gemeinschaft zur Regulierung des Treibhauseffekts: welche Herausforderungen für Frankreich? . von Olivier Beaumais, Thierry Bréchet.. . Unter den Vorhaben, die auf die Durchführung einer Politik zur Verhiitung der globalen Klimaerwärmung abzielen, nimmt der Vorschlag...

[eng] Fractional Cointegration Between Consumption and Income.. The purpose of this paper is to test the existence of a stable long-term relationship between consumption and income. To do so, we use the concept of fractional cointegration rather than the usual concept of cointegration. Standard...

[eng] Amulti-factorial model of credit spreads : estimation using complete and incomplete panels.. Credit risk is an important source of risk for most banks. While it has been inherent in their financial intermediation activity and identified for a long time, scientific methods for analysing and...

[eng] A Comparison of Expert Forecasts with BVAR Model Forecasts by Sandrine Lardic and Auguste Mpacko-Priso . This paper checks whether economic and financial experts forecast macroeconomic and financial variables «better» than alternative techniques and in particular the Bayesian method. The...