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Avec Internet, l’espace a tant changé que la société est animée d’un mouvement dont la dynamique est peu lisible, car peu familière. Nier la réalité et la spatialité d’Internet expose à la déréalisation de nombre d’actions qui contribuent remarquablement à ...
This paper models the housing sector, mortgages and endogenous default in a DSGE setting with nominal and real rigidities. We use data for the period 1981-2006 to estimate our model using Bayesian techniques. We analyze how an increase in risk in the mortg ...
Contexte et questionnement : Les parcours de vie des individus sont marqués par des changements d’ordre sociaux (mobilité sociale, changement de rôle) mais aussi spatiaux (mobilité résidentielle) (Vincent-Geslin et Kaufmann, 2012 ; Dick & Duchêne-Lacroi ...
The offshore extraction of oil and gas is an energy-intensive process leading to the production of CO2 and methane, discharged into the atmosphere, and of chemicals, rejected into the sea. The taxation of these emissions, in Norway, has encouraged the deve ...
This paper studies the treatment effect of monthly payment size on mortgage default, using a sample of adjustable-rate loans that experienced large payment reductions thanks to the recent low interest rate environment. Payment size has an economically larg ...
La capitale de la Pologne est aujourd'hui confrontée à une pénurie de près de quarante mille logements. De nouvelles constructions naissent régulièrement, mais exigent d'importants crédits, et n'offrent en retour que des plans standardisés, aux espaces de ...
How much additional tax revenue can the government generate by increasing labor income taxes? In this paper we provide a quantitative answer to this question, and study the importance of the progressivity of the tax schedule for the ability of the governme ...
We model the financing, cash holdings, and hedging policies of a firm facing financing frictions and subject to permanent and transitory cash flow shocks. The permanent and transitory shocks generate distinct, sometimes opposite, effects on corporate polic ...
The policy response to the recent financial crisis has broadly focused on two themes: 1) Increasing the banking sectorsâ resilience to future financial shocks: 2) Improving credit availability to households and firms via lowering both short and long-term ...