Publications of Macroeconomics and finance research area

HAL - Publications Julien Albertini, Xavier Fairise, Anthony Terriau. Unemployment insurance, recalls, and experience rating. Journal of Macroeconomics, 2023, 75, pp.103482. ⟨10.1016/j.jmacro.2022.103482⟩. ⟨halshs-03881968⟩

Camille Cornand, Frank Heinemann. Monetary policy obeying the Taylor principle turns prices into strategic substitutes. Journal of Economic Behavior & Organization, 2022, 200, pp.1357-1371. ⟨10.1016/j.jebo.2019.10.022⟩. ⟨halshs-02354324⟩

Julien Albertini, Arthur Poirier, Xavier Fairise, Anthony Terriau. SHORT-TIME WORK POLICIES DURING THE COVID-19 PANDEMIC. Annals of Economics and Statistics, 2022, 146, pp.123-172. ⟨10.2307/48674141⟩. ⟨halshs-04271733⟩

Anthony Terriau, Julien Albertini, Emmanuel Montassier, Arthur Poirier, Quentin Le Bastard. Estimating the impact of virus testing strategies on the COVID-19 case fatality rate using fixed-effects models. Scientific Reports, 2021, 11 (1), pp.21650. ⟨10.1038/s41598-021-01034-7⟩. ⟨halshs-03882006⟩

Julien Albertini, Xavier Fairise, Anthony Terriau. Health, wealth, and informality over the life cycle. Journal of Economic Dynamics and Control, 2021, 129, pp.104170. ⟨10.1016/j.jedc.2021.104170⟩. ⟨halshs-04204687⟩

Lise Clain-Chamosset-Yvrard. Expectation-driven asset price fluctuations under the spirit of capitalism hypothesis: The role of heterogeneity. Macroeconomic Dynamics, 2021, 25 (2), pp.509-535. ⟨10.1017/S1365100519000300⟩. ⟨halshs-02096620⟩

Hippolyte d'Albis, Ekrame Boubtane, Dramane Coulibaly. Demographic changes and the labor income share. European Economic Review, 2021, 131, ⟨10.1016/j.euroecorev.2020.103614⟩. ⟨hal-03038638⟩

Julien Albertini, Arthur Poirier, Thepthida Sopraseuth. Informal work along the business cycle: evidence from Argentina. IZA Journal of Development and Migration, 2020, 11 (1), ⟨10.2478/izajodm-2020-0019⟩. ⟨halshs-03033576⟩

Henri Loubergé, Yannick Malevergne, Béatrice Rey. New Results for additive and multiplicative risk apportionment. Journal of Mathematical Economics, 2020, 90, pp. 140-151. ⟨10.1016/j.jmateco.2020.07.004⟩. ⟨halshs-02930294⟩

Julien Albertini, Stéphane Auray, Hafedh Bouakez, Aurélien Eyquem. Taking off into the wind: Unemployment risk and state-Dependent government spending multipliers. Journal of Monetary Economics, 2020, 117, pp. 990-1007. ⟨10.1016/j.jmoneco.2020.07.007⟩. ⟨halshs-03003593⟩

Camille Cornand, Rodolphe dos Santos Ferreira. Cooperation in a differentiated duopoly when information is dispersed: A beauty contest game with endogenous concern for coordination. Mathematical Social Sciences, 2020, 106, pp.101-111. ⟨10.1016/j.mathsocsci.2020.02.003⟩. ⟨halshs-02949201⟩

Gilles Jacoud. Jean-Baptiste Say au Tribunat. Revue d'histoire de la pensée économique, 2020, Revue d'histoire de la pensée économique 2020 – 1, n° 9 varia, 2020 – 1 (n° 9), pp.19-42. ⟨10.15122/isbn.978-2-406-10602-9.p.0019⟩. ⟨hal-02890249⟩

Christophe Courbage, Béatrice Rey. On temperance and risk spreading. Theory and Decision, 2020, 88 (4), pp.527-539. ⟨10.1007/s11238-019-09737-0⟩. ⟨halshs-03353435⟩

Rym Aloui, Michel Guillard. The Fiscal Theory of the Price Level in a Non-Ricardian Economy. Annals of Economics and Statistics, 2020, 137, pp.65-82. ⟨10.15609/annaeconstat2009.137.0065⟩. ⟨halshs-03052061⟩

Jocelyn Maillard. Heterogeneity, Rigidity and Convergence of Labor Markets in the Euro Area. Annals of Economics and Statistics, 2020, 140, pp. 127-167. ⟨10.15609/annaeconstat2009.140.0127⟩. ⟨halshs-03003604⟩

Aurélien Eyquem, Rym Aloui. The Welfare Gains of Cooperative Public Infrastructure Policies: A Trade and Supply-Side View. Annals of Economics and Statistics, 2020, 140, pp.27. ⟨10.15609/annaeconstat2009.140.0027⟩. ⟨hal-03230818⟩

Camille Cornand, Paul Hubert. On the external validity of experimental inflation forecasts. Journal of Economic Dynamics and Control, 2020, 110, pp.103746. ⟨10.1016/j.jedc.2019.103746⟩. ⟨hal-02894262⟩

Gilles Jacoud, Jean-Pierre Potier. Auguste and Léon Walras and Saint-Simonianism. European Journal of the History of Economic Thought, 2020, 27 (3), pp.368-387. ⟨10.1080/09672567.2020.1750664⟩. ⟨halshs-02874713⟩

Mathieu Disant, Pascale Deumier, Nicolas Barbaroux, Nathalie de Jong, Fanny Jacquelot, et al.. La QPC en actions. Usages et stratégies des avocats. Titre VII – Les Cahiers du Conseil constitutionnel, 2020, Hors série, ⟨10.3917/tvii.hs.001.0131⟩. ⟨halshs-03120125⟩

Christophe Courbage, Richard Peter, Béatrice Rey. Incentive and welfare effects of correlated returns. Journal of Risk and Insurance, In press, ⟨10.1111/jori.12330⟩. ⟨halshs-03021281⟩

Camille Cornand, Rodolphe dos Santos Ferreira. The social value of information and the competition motive : price versus quantity games. Economic Theory, 2020, 70, pp.1101-1137. ⟨10.1007/s00199-019-01179-7⟩. ⟨halshs-02057890⟩

Muhammad Mahajne, Oscar Volij. Condorcet winners and social acceptability. Social Choice and Welfare, 2019, 53 (4), pp. 641-653. ⟨10.1007/s00355-019-01204-7⟩. ⟨halshs-02503459⟩

Lise Clain-Chamosset-Yvrard, Thomas Seegmuller. Bubble on real estate: the role of altruism and fiscal policy. Studies in Nonlinear Dynamics and Econometrics, 2019, 23 (4), pp.20190020. ⟨10.1515/snde-2019-0020⟩. ⟨halshs-02129883⟩

Julien Albertini, Anthony Terriau. Informality over the life-cycle. Journal of Economic Dynamics and Control, 2019, 105, pp.182-202. ⟨10.1016/j.jedc.2019.06.007⟩. ⟨halshs-02188426⟩

Stéphane Auray, Aurélien Eyquem, Paul Gomme. Debt Hangover in the Aftermath of the Great Recession. Journal of Economic Dynamics and Control, 2019, 105, pp.107-133. ⟨10.1016/j.jedc.2019.06.001⟩. ⟨halshs-02176531⟩

Rym Aloui, Aurélien Eyquem. Spending multipliers with distortionary taxes: Does the level of public debt matter?. Journal of Macroeconomics, 2019, 60, pp.275-293. ⟨10.1016/j.jmacro.2019.03.002⟩. ⟨halshs-02092317⟩

Antonia Lòpez-Villavicencio, Marc Pourroy. Inflation target and (a)symmetries in the oil price pass-through to inflation. Energy Economics, 2019, 80, pp.860-875. ⟨10.1016/j.eneco.2019.01.025⟩. ⟨hal-02082415⟩

Michel Bellet, Philippe Solal. Economie, républicanisme et république. Michel Bellet, Philippe Solal. Editions Classiques Garnier, 258 p., 2019, Collection Bibliothèque de l’économiste, 978-2-406-09058-8. ⟨halshs-01981513⟩

Adrien Lutz. On commercial gluts, or when the Saint-Simonians adopted Jean-Baptiste Say's view. Journal of the History of Economic Thought, 2019, 41 (2), pp.209-236. ⟨10.1017/S1053837218000251⟩. ⟨halshs-02006345⟩

Antoinette Baujard, Adrien Lutz. Is there a link between Saint-Simonian ability and the capability approach to social justice?. European Journal of the History of Economic Thought, 2019, 26 (5), pp. 1027-1052. ⟨halshs-02129954⟩

Gilles Jacoud. Economie politique et politique : Textes saint-simoniens (1830-1831). Gilles Jacoud. Classiques Garnier, 246 p., 2019, 978-2-406-08004-6. ⟨halshs-02355416⟩

Stéphane Auray, Aurélien Eyquem. On the Role of Debt Maturity in a Model with Sovereign Risk and Financial Frictions. Macroeconomic Dynamics, 2019, 23 (5), pp. 2114-2131. ⟨10.1017/S136510051700061X⟩. ⟨halshs-01661047⟩

Stéphane Auray, Aurélien Eyquem. Episodes of war and peace in an estimated open economy model. Journal of Economic Dynamics and Control, 2019, 105, pp. 203-249. ⟨10.1016/j.jedc.2019.06.005⟩. ⟨halshs-02193352⟩

Michel Bellet, Philippe Solal. Constitution, souveraineté nationale et représentation dans l’œuvre de Sismondi. Michel Bellet, Philippe Solal. Economie, républicanisme et république, Editions Classiques Garnier, pp.203-224, 2019, Collection Bibliothèque de l’économiste, ⟨10.15122/isbn.978-2-406-09060-1⟩. ⟨halshs-01983510⟩

Camille Cornand, Romain Baeriswyl, Bruno Ziliotto. Observing and shaping the market: the dilemma of central banks. Journal of Money, Credit and Banking, 2019, ⟨10.1111/jmcb.12682⟩. ⟨hal-01644269⟩

Luc Bovens, Adrien Lutz. “From Each according to Ability; To Each according to Needs”:. History of Political Economy, 2019, 51 (2), pp. 237-257. ⟨10.1215/00182702-7368848⟩. ⟨halshs-02006260⟩

Han Bleichrodt, Christophe Courbage, Béatrice Rey. The value of a statistical life under changes in ambiguity. Journal of Risk and Uncertainty, 2019, 58 (1), pp. 1-15. ⟨10.1007/s11166-019-09296-3⟩. ⟨halshs-02130048⟩

Nathalie Havet, Xavier Joutard, Alexis Penot. Les pratiques d’activité réduite et leurs impacts sur les trajectoires professionnelles : Une revue de la littérature. Revue d'économie politique, 2019, 129 (1), pp.11 - 47. ⟨10.3917/redp.291.0011⟩. ⟨hal-02002883⟩

Camille Cornand, Frank Heinemann. Experiments in macroeconomics: methods and applications. Handbook of Research Methods and Applications in Experimental Economics, edited by A. Schram and A. Ule, Edward Elgar Publishing, pp.269-294, 2019. ⟨halshs-01809937⟩

Nicolas Barbaroux. Un exemple de blockchain à la frontière du Droit et de l Economie : le Bitcoin. Franck Marmoz. Blockchain et droit, Dalloz, pp. 19-32, 2019, 978-2-247-18563-4. ⟨halshs-02075300⟩

Gilles Jacoud. Olbie : d’une société guidée par la morale aux bienfaits de l’économie politique. Revue d'histoire de la pensée économique, 2018, 2018 – 1 (n° 5), pp.243-263. ⟨10.15122/isbn.978-2-406-08068-8.p.0243⟩. ⟨hal-01821576⟩

Damien Cubizol. Transition and capital misallocation: the Chinese case. Journal of International Money and Finance, 2018, 81, pp.88-115. ⟨10.1016/j.jimonfin.2017.08.002⟩. ⟨halshs-02136943⟩

Camille Cornand, Cheick Kader M’baye. Band or point inflation targeting? An experimental approach. Journal of Economic Interaction and Coordination, 2018, 13 (2), pp. 283-309. ⟨10.1007/s11403-016-0183-y⟩. ⟨halshs-01663661⟩

Stéphane Auray, Aurélien Eyquem, Xiaofei Ma. Banks, sovereign risk and unconventional monetary policies. European Economic Review, 2018, 108, pp. 153-171. ⟨10.1016/j.euroecorev.2018.07.002⟩. ⟨halshs-01882189⟩

Nicolas Eyguesier. Marx, primitive accumulation, and the impact of Sismondi. European Journal of the History of Economic Thought, 2018, 25, pp.833-858. ⟨10.1080/09672567.2018.1523943⟩. ⟨halshs-02001573⟩

Gilles Jacoud. Literature and political economy: Saint-Simon and Jean-Baptiste Say’s writings. Edited by Ҫınla Akdere, Christine Baron. Economics and Literature. A Comparative and Interdisciplinary Approach, Routledge, pp. 64-78, 2018, 9781138294356; 9781315231617. ⟨halshs-01949888⟩

Camille Cornand, Cheick Kader M'Baye. Does inflation targeting matter? An experimental investigation. Macroeconomic Dynamics, 2018, 22 (2), pp. 362-401. ⟨halshs-01293709⟩

Antonia Lopez Villavicencio, Valérie Mignon. Globalization and exchange rate pass-through in Europe: Is there a link?. Journal of Economic Integration, 2018, 33, pp.773-786. ⟨hal-01910869⟩

María Cervini-Plá, Antonia López-Villavicencio, José Ignacio Silva. The heterogeneous cyclicality of income and wages among the distribution in the UK. The B.E. journal of economic analysis & policy, 2018, 18 (2), pp.20170181. ⟨10.1515/bejeap-2017-0181⟩. ⟨halshs-01940172⟩

Gilles Jacoud. The worker at the heart of the analysis: the Saint- Simonian approach to political economy. Ragip Ege, Herrade Igersheim. The Individual and the Other in Economic Thought. An Introduction, Routledge, 382 p., 2018, 9781315113258. ⟨halshs-01887565⟩

Stéphane Auray, Aurélien Eyquem, Paul Gomme. Ramsey-optimal tax reforms and real exchange rate dynamics. Journal of International Economics, 2018, 115, pp. 159-169. ⟨10.1016/j.jinteco.2018.09.007⟩. ⟨halshs-01887448⟩

Romain Baeriswyl, Camille Cornand. The distortionary effect of monetary policy: credit expansion vs. lump-sum transfers in the lab. B.E. Journal of Macroeconomics, 2018, 18 (2), ⟨10.1515/bejm-2017-0037⟩. ⟨halshs-01653459⟩

Michel Bellet. The reception of Marx in France: La Revue Socialiste (1885-1914). European Journal of the History of Economic Thought, 2018, 25 (5), pp. 1154-1199. ⟨halshs-01981502⟩

Christophe Courbage, Henri Loubergé, Béatrice Rey. On the properties of high-order non-monetary measures for risks. Geneva Risk and Insurance Review, 2018, 43 (1), pp.77-94. ⟨10.1057/s10713-018-0029-8⟩. ⟨halshs-01951128⟩

Nicolas Barbaroux. From 1980’s onwards, new emerging forms of money facing monetary theory: a revolution or evolution?. Alain Alcouffe, Maurice Baslé, Monika Poettinger. Macroeconomic Theory and the Eurozone Crisis, Routledge, pp. 79-96, 2018, 9780815364047. ⟨halshs-02075280⟩

Gilles Jacoud. Jean-Baptiste Say and Political Economy. Routledge, X-280 p., 2017, Routledge Studies in the History of Economics, ISBN-10: 0415730333 ; ISBN-13: 978-0415730334. ⟨halshs-01652570⟩

Camille Cornand. Appraising sticky prices, sticky information and limited higher order beliefs in light of experimental data. Heinemann, Frank; Klüh, Ulrich; Watzka, Sebastian. "Monetary Policy, Financial Crises, and the Macroeconomy", Festschrift for Gerhard Illing, Springer, VIII-351 p., 2017, 978-3-319-56260-5. ⟨halshs-01411512⟩

Naama Trad, Mohamed Ali Trabelsi, Jean François Goux. Risk and profitability of Islamic banks: A religious deception or an alternative solution?. European Research on Management and Business Economics, 2017, 23 (1), pp. 40-45. ⟨10.1016/j.iedeen.2016.09.001⟩. ⟨halshs-01656770⟩

Gilles Jacoud. Économie politique et nouvelle organisation industrielle : la priorité à l’intérêt général dans l’analyse des saint-simoniens. Astérion, 2017, 17, 11 p. ⟨10.4000/asterion.3040⟩. ⟨halshs-01652548⟩

Sophie Saglio, Antonia López-Villavicencio. The Wage Inflation Unemployment Curve at the Macroeconomic Level. Oxford Bulletin of Economics and Statistics, 2017, 79 (1), pp. 55-78 ⟨10.1111/obes.12139⟩. ⟨halshs-01417937⟩

Mohamed Ali Trabelsi, Naama Trad. Profitability and risk in interest-free banking industries: a dynamic panel data analysis. International Journal of Islamic and Middle Eastern Finance and Management, 2017, 10 (4), pp.454-469. ⟨10.1108/IMEFM-05-2016-0070⟩. ⟨halshs-01656758⟩

Gilles Jacoud. Why is money important in Jean-Baptiste Say's analysis?. European Journal of the History of Economic Thought, 2017, 24 (1), pp. 58-79. ⟨halshs-01524169⟩

Stéphane Auray, Aurélien Eyquem, Xiaofei Ma. Competitive tax reforms in a monetary union with endogenous entry and tradability. European Economic Review, 2017, 98, pp. 126-143. ⟨10.1016/j.euroecorev.2017.06.002⟩. ⟨halshs-01661046⟩

Naama Trad, Houssem Rachdi, Abdelaziz Hakimi, Khaled Guesmi. Banking stability in the MENA region during the global financial crisis and the European sovereign debt debacle. Journal of Risk Finance, 2017, 18 (4), pp.381-397. ⟨10.1108/JRF-10-2016-0134⟩. ⟨halshs-01618685⟩

Valérie Mignon, Antonia Lopez Villavicencio. Exchange rate pass-through in emerging countries: Do the inflation environment, monetary policy regime and central bank behavior matter?. Journal of International Money and Finance, 2017, 79, pp.20-38. ⟨hal-01589202⟩

Nicolas Barbaroux, Michel Bellet. L’économie comme science et les jugements de valeur politiques. Myrdal et sa thèse initiale de neutralité. Revue Economique, 2017, 2 (68), pp. 219-247. ⟨halshs-01196097⟩

Gilles Jacoud. L'analyse du Système de Law par les saint-simoniens. Magnot-Ogilvy F. Gagnons sans savoir comment. Représentants du Système de Law du XVIIIe à nos jours, Presses Universitaires de Rennes, pp. 289-305, 2017, 978-2-7535-5214-2. ⟨halshs-01611680⟩

Gilles Jacoud. Jean-Baptiste Say et la critique de la physiocratie : l'opposition à Pierre Samuel Dupont de Nemours. G. Klotz, P. Minard et A. Orain (dir.). Les voies de la richesse ? La physiocratie en question (1760-1850), Presses universitaires de Rennes, pp.245-262, 2017. ⟨halshs-01652560⟩

Ali Toussi, Naama Trad, Rashed Rostamiyan. Bank Risk in an Islamic Financial System-Inter-temporal Comparative Study. Journal of Administrative Management, Education and Training, 2016, 12 (4), pp. 558-567. ⟨halshs-01502258⟩

Stéphane Auray, Aurélien Eyquem, Paul Gomme. A Tale of Tax Policies in Open Economies. International Economic Review, 2016, 57 (4), pp.1299-1333. ⟨10.1111/iere.12199⟩. ⟨halshs-01232216⟩

Gilles Jacoud. Littérature et économie politique : une analyse comparée des approches de Saint-Simon et Jean-Baptiste Say . L'Homme et la Société, 2016, 200, pp. 151-170. ⟨10.3917/lhs.200.0151⟩. ⟨halshs-01419411⟩

Stéphane Auray, Aurélien Eyquem, Frédéric Jouneau-Sion. Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England. Annales d'Economie et de Statistique, 2016, 121-122, pp. 261-277. ⟨halshs-01096335⟩

Romain Baeriswyl, Camille Cornand. The predominant role of signal precision in experimental beauty contest. The B. E. Journal of Theoretical Economics, 2016, 16 (1), pp. 267-301. ⟨halshs-01236276⟩

Gilles Jacoud. Liquidity crisis and monopoly of banknote issue in France. Hubert Bonin, Jean-Marc Figuet Crises et regulations bancaires : Les cheminements de l’instabilité et de la stabilité bancaires En hommage à Dominique Lacoue-Labarthe, Droz, pp. 177-198, 2016, 978-2-600-01964-4. ⟨halshs-01293845⟩

Christophe Courbage, Béatrice Rey. On ambiguity apportionment. Journal of Economics, 2016, 118 (3), pp.265-275. ⟨10.1007/s00712-016-0473-9⟩. ⟨halshs-01290062⟩

Gilles Jacoud. L’esclavage colonial : une comparaison des approches de Say, Sismondi et des saint-simoniens. Œconomia - History/Methodology/Philosophy, 2016, 6 (3), pp. 363-402. ⟨halshs-01615687⟩

Camille Cornand, Pauline Gandré, Céline Gimet. Increase in home bias in the Eurozone debt crisis: the role of domestic shocks. Economic Modelling, 2016, 53, pp.445-469. ⟨10.1016/j.econmod.2015.10.044⟩. ⟨halshs-01236055⟩

Camille Cornand, Frank Heinemann. Macro-expérimentation autour des fonctions des banques centrales. Revue Française d'Economie, 2015, XXX (2), pp. 59-103. ⟨halshs-01232455⟩

Pauline Gandré. Domestic creditors as last lenders in debt crises: a simple model with multiple equilibria. Economics Bulletin, 2015, 35 (4), pp. 2915-2928. ⟨halshs-01264630⟩

Camille Cornand, Frank Heinemann. Limited higher order beliefs and the welfare effects of public information. Journal of Economic Studies, 2015, 42 (6), pp.1005-1028. ⟨10.1108/JES-08-2015-0142⟩. ⟨halshs-01232458⟩

Nicolas Barbaroux, A. Tobon. Credit and Prices in the New Neoclassical Synthesis. Economic Thought, 2015, 4 (1), pp. 21-46. ⟨halshs-01196095⟩

Hafedh Bouakez, Aurélien Eyquem. Government Spending, Monetary Policy, and the Real Exchange Rate. Journal of International Money and Finance, 2015, 56, pp.178-201. ⟨10.1016/j.jimonfin.2014.09.010⟩. ⟨halshs-01080981⟩

Nicolas Barbaroux. A Review of "The Taylor Rule and the Transformation of Monetary Policy" E. Koening, R. Leeson and G. Kahn (eds). Journal of the History of Economic Thought, 2015, 37 (4), pp. 660 - 664. ⟨halshs-00964960⟩

Gilles Jacoud. L’entrepreneur dans les notes sur le Cours d’économie politique d’Henri Storch. Uzunidis, Dimitri. Et Jean-Baptiste Say… créa l’entrepreneur, Peter Lang, pp. 117-122, 2015, 978-2-87574-257-5. ⟨halshs-01148767⟩

Nicolas Barbaroux. Monetary Policy in Theory and Practice: Facing Internal vs External Stability Dilemma. Routledge, 248 p., 2015, Routledge International Studies in Money and Banking, 978-1138901858. ⟨halshs-02056190⟩

Antonia López-Villavicencio, Valérie Mignon. Instability of the Inflation–Output Trade-Off and Time-Varying Price Rigidity. Oxford Bulletin of Economics and Statistics, 2015, 77 (5), pp.634-654. ⟨halshs-01232492⟩

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Working-papers of Macroeconomics and finance research area