Ecological crises born with the Anthropocene have arrived at a paradoxical juncture: as environmental degradations gradually become unbearable, environmental concern seems to become intolerable. One can think of two powerful forces at play behind this striking paradox sidestepping environmental...

From Rio to Rio: A global carbon price signal to escape the great climate inconsistency Two decades after the 1992 Rio Conference,we must admit to collective failure in combating human induced climate change. We cannot escape serious climate disruption if we keep going down that road. We must...

We build an agent-based model to study how the interplay between low- and high frequency trading affects asset price dynamics. Our main goal is to investigate whether high-frequency trading exacerbates market volatility and generates flash crashes. In the model, low-frequency agents adopt...

This paper aims at giving a theoretical background to the, some- times observed, puzzling inverse correlation between the degree of de- centralization and economic growth. We provide evidence that there is some interaction between decentralization and corruption in ex- plaining growth. Within an...

This paper presents a simple model of imperfect labor markets with endogenous labor market participation and home production. Labor market imperfections take the form of an irreversible entry cost incurred by workers which drives a wedge between the entry into the labor market and exit from the...

‘Social Europe’ has various meanings. It may refer to the current intervention of European authorities in the fields of social protection and employment legislation, as a complement or sometimes as a substitute to national institutions interventions. The role of European authorities is...

This appendix provides further details on the data and the modeling strategy used in the chapter to analyze the global economic impact of demographic change (....).

The Doha Development Agenda is the first "round" of multilateral trade negotiations under the World Trade Organization and is also the first time that multilateral trade talks have explicitly sought to focus on the interests of developing countries. Developing Asia therefore has much at stake in...

Audiovisual services cover a wide range of services, ranging from art to information (...).

We provide a first comprehensive account of the dynamics of Eurozone countries from the creation of the Euro to the Great recession. We model each country as an open economy within a monetary union and analyze the dynamics of private leverage, fiscal policy and spreads. Our parsimonious model...