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This paper studies the potential gains of monetary and macro-prudential policies that lean against house-price and credit cycles. We rely on a model that features Borrowers and Savers and allows for over-borrowing induced by news-shock-driven cycles. We fi ...
Modelling of microturbulence-driven transport of energetic ions in an ITER steady-state scenario is presented. Results indicate that a significant fraction of the velocity space distribution of alpha particles and deuterium ions can be transported above ne ...
This paper provides an analysis of the impact of patent fees on the demand for patents. It presents a dataset of fees since 1980 at the European (EPO), the US and the Japanese patent offices. Descriptive statistics show that fees have severely decreased at ...
Contrary to an accepted wisdom, this paper shows that cross-country variations in the number of patents per researcher do not only reflect differences in the propensity to patent but also signals differences in research productivity. We put forward and tes ...
This paper deals with an application of the robust equilibrium concept in game theory to the assessment of the possible international agreement on climate that could be achieved in the conference of the parties negotiations organized by the UNFCCC. It is s ...
This thesis aims to examine the causal mechanisms of living environments on leisure mobilities and verify whether their inclusion is actually able to challenge the compact city as a sustainable urban form. The research focuses on the Swiss case and in part ...
EPFL2015
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An alternative experimental spectroscopic measurement of poloidal plasma rotation in toroidally confined plasmas is proven effective in the TCV tokamak. Charge exchange recombination measurements of the toroidal rotation profile over the full mid-plane pla ...
Int Atomic Energy Agency2012
The 1987 market crash was associated with a dramatic and permanent steepening of the implied volatility curve for equity index options, despite minimal changes in aggregate consumption. We explain these events within a general equilibrium framework in whic ...
Elsevier2011
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Richer and healthier agents tend to hold riskier portfolios and spend proportionally less on health expenditures. Potential explanations include health and wealth effects on preferences, expected longevity or disposable total wealth. Using HRS data, we per ...
2010
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The celebrated Paxos protocol implements a reliable service as a state machine replicated over several machines. Replication provides reliability against permanent failures and availability against temporary crash failures. Whereas, in theory, Paxos can to ...
