This article focuses on the volatility of crude oil futures prices on the New York Mercantile Exchange. It aims at examining whether this market creates excess volatility, which would not be observed in the absence of such a market. In order to reach this objective, price fluctuations are...

Synthèse des chroniques publiées dans Le Monde de l'économie constituées d'analyses économiques et d'une réflexion sur le monde des matières premières. Montre qu'elles sont au coeur de l'économie mondialisée et que leur passé explique certaines relations internationales actuelles.

We adopt viability theory to assess the sustainability of the world’s forests while taking into account some of the competing economic, social, and environmental uses of these forests, namely, timber production, poverty alleviation through agriculture, and air quality as well as the negative...