Concept
Welfare cost of business cycles
Publications associées (34)
European Economic impacts of cutting energy imports from Russia: A computable general equilibrium analysis
Marc Vielle, Sigit Pria Perdana
The recent economic sanctions against Russia can jeopardise the sustainability of the European Union's (EU) energy supply. Despite the EU's strong commitment to stringent abatement targets, fossil fuels still play a significant role in the EU energy policy ...
ELSEVIER2022Essays on Mortgage Supply in a Low Rate Environment and Gender Effects of Covid-19
After the financial crisis, policy rates in the major advanced economies have moved downwards to near/below zero. Some countries have experienced an increase in house prices and an expansion of mortgages. Also, there have been considerable changes in the m ...
EPFL2021A new mechanism for filament disconnection at the X-point: poloidal shear in radial E × B velocity
Federico Nespoli, Davide Galassi
Plasma filaments generated by turbulence in the scrape-off layer are sometimes observed in experi- ments and simulations to disconnect from the target plate in the vicinity of the X-point, resulting in a “quiescent zone” with reduced fluctuations, possibly ...
2020Financial Stability and the Macroeconomy
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 ...
EPFL2018Expectations-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 ...
2017The effects of business cycle and debt maturity on a firm's investment and default decisions
We propose a model that jointly determines the capital structure and investment decisions taking business cycle and debt maturity into account. It endogenously determines the triggers of investment/disinvestment and default, which depend on the state of th ...
Elsevier Science Bv2015On spurious and real fluctuations of dynamic functional connectivity during rest
Dimitri Nestor Alice Van De Ville, Nora Leonardi
Functional brain networks reconfigure spontaneously during rest. Such network dynamics can be studied by dynamic functional connectivity (dynFC); i.e., sliding-window correlations between regional brain activity. Key parameters-such as window length and cu ...
Elsevier2015Macroeconomic conditions and a firm's investment decisions
We propose a model of a firm's reversible investment decision with macroeconomic conditions based on optimal switching of a diffusion regime. The switching costs and the cash flow generated from the firm depend on a business cycle alternating via a Markov ...
Academic Press Inc Elsevier Science2014Measuring the Dynamics of Contrast & Daylight Variability in Architecture: A Proof of Concept Methodology
Marilyne Andersen, Siobhan Francois Rockcastle
Unlike artificial light sources, which can be calibrated to meet a desired luminous effect regardless of latitude, climate, or time of day, daylight is a dynamic light source, which produces variable shadow patterns and fluctuating levels of brightness. Wh ...
Elsevier2014A stochastic dynamic game of the 2050 European Energy Roadmap with CCS
Marc Vielle, Frédéric Louis François Babonneau, Alain Haurie
Overview Climate policy is one of the corner stones of European Union (EU) policy. In 2011, the European Commission has defined a roadmap to low carbon economy in 2050 in which the Commission reconfirmed the EU objective of reducing European greenhouse gas ...
2014