Concept
Courbe de Phillips
Publications associées (32)
Gradient-based optimisation of the conditional-value-at-risk using the multi-level Monte Carlo method
Fabio Nobile, Sundar Subramaniam Ganesh
In this work, we tackle the problem of minimising the Conditional-Value-at-Risk (CVaR) of output quantities of complex differential models with random input data, using gradient-based approaches in combination with the Multi-Level Monte Carlo (MLMC) method ...
2022Standard model meets gravity: Electroweak symmetry breaking and inflation
Andrey Shkerin, Sebastian Zell
We propose a model for combining the Standard Model (SM) with gravity. It relies on a nonminimal coupling of the Higgs field to the Ricci scalar and on the Palatini formulation of gravity. Without introducing any new degrees of freedom in addition to those ...
AMER PHYSICAL SOC2021Monopsony with nominal rigidities: An inverted Phillips Curve
With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms — whether we have monopoly or monopsony power. This paper provides a model of monopsony power in the labour market and a monopsonistic Phillips Curve. If w ...
2020Monopsony, Wage Bargaining and the Phillips Curve
With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms -- whether we have monopoly or monopsony power. This paper provides a model of wage bargaining in the labour market where workers have monopoly power over ...
2020Dampened expectations in the Phillips Curve: A note
Dampened inflation expectations have a significant impact on the New Keynesian Phillips Curve. This dampening not only flattens the long run Phillips Curve, but it can also lead to a bias in the estimation of its short run slope. It also affects the respon ...
2019Job turnover, expectations, and the Phillips Curve
Job turnover makes a wage Phillips Curve less forward-looking, with a smaller coefficient for inflation expectations. Workers discount future wage income with a low discount factor if there is a strong flow of job turnover; this implies that future inflati ...
2019Necessity entrepreneurship and industry choice in new firm creation
Research Summary Research on necessity entrepreneurship has generated important insights, yet it views necessity entrepreneurs in developed countries as one encompassing group of unemployed individuals-ignoring that the level of need is not uniform but ins ...
WILEY2019Home Price Expectations and Behaviour: Evidence from a Randomized Information Experiment
Home price expectations are believed to play an important role in housing dynamics, yet we have limited understanding of how they are formed and how they affect behaviour. Using a unique “information experiment” embedded in an online survey, this article i ...
2019Corporate policies with permanent and transitory shocks
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 ...
2017Expectations-driven cycles in the housing market
This paper explores the transmission of "news shocks" in a model of the housing market and shows that anticipated signals or beliefs of future macroeconomic developments can generate boom-bust cycles in the housing market and lead to business cycle fluctua ...
2017