Les dirigeants des entreprises artisanales font face à des contraintes fortes liées à la structure des entreprises, à la nécessaire polyvalence du chef d’entreprise à la fois « homme de métier » et gestionnaire, à la rareté et la volatilité des savoir-faire des métiers artisanaux,...

In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden [2001], that we extend to allow for transitional dynamics between steady states. First, we show that, starting from a high level of public debt, it is possible to implement a...

This review of the literature presents the main tools and results of research at the crossroads between finance and macroeconomics. The literature seeks to jointly analyze the economic cycle and fluctuations in financial-asset prices.Our article follows this approach:we offer a critical analysis...

The main purpose of this succinct paper consists on bringing to discussion some arguments that oppose to the idea that the capitalization pension system is advantageous under macroeconomic aspect.

-

Different types of markets exist throughout the world but how are they created? In this book, an interdisciplinary team of authors provide an evolutionary vision of how markets are designed and shaped. Drawing on a series of case studies, they show that markets are far from perfect and natural...

We propose a joint modeling of spot electricity prices, forwards prices and other derivative prices, using recent developments in discrete time asset pricing methods based on the notions of stochastic discount factor and of compound autoregressive (or affine) stochastic processes. We show that...