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 INC2022Environmental policies: designing acceptable road pricing and voluntary waste sorting schemes
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 ...
EPFL2022Endogenous 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 AG2021Regional Heterogeneity and the Refinancing Channel of Monetary Policy
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