Concept

Fonds monétaire international

Publications associées (15)

Monetary Independence And Rollover Crises

This article shows that the inability to use monetary policy for macroeconomic stabilization leaves a government more vulnerable to a rollover crisis. We study a sovereign default model with self-fulfilling rollover crises, foreign currency debt, and nomin ...

OXFORD UNIV PRESS INC2022

Environmental policies: designing acceptable road pricing and voluntary waste sorting schemes

Linda Melina Tesauro

Growing urban population implies many challenges for the municipalities in terms of mobility, housing, waste management or infrastructures. Public policies are thus needed to ensure a sustainable development. The main objective of this thesis is to analyze ...

EPFL2022

Endogenous Energy Efficiency Improvement

Philippe Thalmann, Marc Vielle, Sergey Arzoyan

We managed to construct two novel and functional methodologies to depict the evolution of energy efficiency improvements (EEI) in two Swiss sectors, housing and cement. This allowed us to obtain a better representation of EEI triggered by energy and climat ...

EPFL & Infras AG2021

Design choices for Central Bank Digital Currency

Bryan Alexander Ford, Fan Zhang, Srdan Capkun, Ari Juels

Central banks around the world are exploring and in some cases even piloting central bank digital currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer p ...

Brookings Institution2020

Regional Heterogeneity and the Refinancing Channel of Monetary Policy

Andreas Fuster

We argue that the time-varying regional distribution of housing equity influences the aggregate consequences of monetary policy through its effects on mortgage refinancing. Using detailed loan-level data, we show that regional differences in housing equity ...

2019

Trait anxiety on effort allocation to monetary incentives: a behavioral and high-density EEG study

Maria del Carmen Sandi Perez, João Pedro de Matos Rodrigues, Alina Veronika Irene Strasser

Trait anxiety is an important phenotype in the prediction of stress-induced neuropsychiatric disorders. While the role of trait anxiety in mental effort and cognitive impairment is well documented, much less is known about its influence on motivated behavi ...

2019

Financial Stability and the Macroeconomy

Corinne Dubois

The financial crisis of 2007-2009 drew attention to the essential role of banks for the macroeconomy and to the importance of having a resilient financial sector. A vulnerability in the financial sector spills over to the real economy and can drive it into ...

EPFL2018

Data Management in Participatory Sensing

Mehdi Riahi

In recent years there has been a proliferation of privately owned sensing devices such as GPS devices, cameras, home weather stations and, more importantly, smart-phones. Most of these devices are either intrinsically mobile, e.g., smart-phones and GPS dev ...

EPFL2015

Corporate Finance, Asset Returns, and Credit Risk

Philip Valta

This dissertation consists of three chapters. The first chapter empirically investigates how the intensity of product market competition affects the cost of debt. Using a large sample of loans to publicly traded US manufacturing firms, the chapter provides ...

EPFL2010

Another Hidden Cost of Incentives: The Detrimental Effect on Norm Enforcement

Andreas Fuster, Stephan Meier

Monetary incentives, such as subsidies or bonuses, are often considered as a way to foster contributions to public goods in society and firms. This paper investigates experimentally the effect of private contribution incentives in the presence of a norm en ...

2010

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