This paper shows that the Fed reacts to change in spreads between corporate bond yields and government bond yields over and beyond their information content on future inflation and future activity. This result, obtained in a GMM framework, is confirmed by simulation methods. Moreover, when...

Most studies about the geographical location of a phenomenon or a population first aggregate data according to administrative boundaries which are generally not related to the issue. When the population under study is rare, and when the sample is not exhaustive, these aggregation choices often...

Le logement joue un rôle de premier plan dans l’économie de par son importance pour la dépense et le patrimoine des ménages, le bien-être, et aussi en raison de ses retombées sur les performances scolaires et l’emploi, et sur le cycle d’activité. Depuis un demi-siècle,...

This paper proposes the study of a special case of the model of the " basket of territorialized goods and services ", the Bresse (France). The agricultural dominating model, based on the modernization and the intensification of agriculture, coexists with many traditional productions. But the...

The aim of this paper is to analyze the spatial changes in the Dijon urban area (COMADI) by studying in particular the new tendencies of localization of the high order producer services. Our results display a multicentric structure of the COMADI which exhibits several employment poles. Not only...