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Jean Barthelemy (Banque de France)
TSE, Toulouse, 2021
This paper studies a model in which the price level is the outcome of dynamic strategic interactions between a fiscal authority, a monetary authority, and investors in government bonds and reserves. The“unpleasant monetarist arithmetic”whereby aggressive fiscal expansion forces the monetary...
Paul Seabright, Jonathan Stieglitz et Karine Van Der Straeten
vol. 3, 2021
Political philosophers have long drawn explicitly or implicitly on claims about the ways in which humanbehaviour is shaped by interactions within society. These claims have usually been based on introspection,anecdotes or casual empiricism, but recent empirical research has informed a number of...
Rob Bauer (Maastricht University)
We explore whether beneficiaries of pension plans should have a voice in the fund’s sustainable investments. We hypothesize that the answer to this question depends on a fund’s legal and societal contexts, benchmarking pressure, and fund-specific factors such as the fund’s size and the board’s...
Jean Tirole (Toulouse School of Economics)
Mariassunta Giannetti ( Stockholm School of Economics)
an market discipline affect corporate environmental and social (E&S) policies? Using international data on corporate E&S news, we show that negative coverage of firms’ E&S policies affects negatively E&S-conscious investors’ demand for stocks. As a consequence, firms with more E...
Catia Batista (Nova School of Business and Economics)
Nadja Guenster (University of Muenster)
By letting more than 3,000 clients of financial institutions play an incentivized investment game, we provide field experimental evidence on the determinants of socially responsible investment decisions. Our results show a positive link between personal values, beliefs, and preferences for socially...
Emma Riley (University of Washington - Saint Louis)
Mobile banking services have the potential to transform access to banking, by allowing individuals to access far away bank accounts from their mobile phones. However, adoption of these services frequently remains low, especially amongst rural populations, who have the most to gain from them but...
Jenny Aker (Tufts University)
Digital financial services, and mobile money (m-money) in particular, have generated considerable enthusiasm and hope for a reduction in remittance fees for the rural poor. This is especially the case in Sub-Saharan Africa, where remittances account for 2.5 percent of the region’s gross domestic...
A. Djogbenou, Christian Gouriéroux et Joann Jasiak
n° nbaa047, 2021
