Recherche avancée

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...

Sara Pisani, Jennifer Murphy, Jane Conway, Edward Millgate, Caroline Catmur et Geoffrey Bird

vol. 131, décembre 2021, p. 497–524

Theory of Mind (ToM), the ability to represent the mental states of oneself and others, is an essential social skill disrupted across many psychiatric conditions. The transdiagnostic nature of ToM impairment means it is plausible that ToM impairment is related to alexithymia (difficulties...

Koléhè Coulibaly-Pasquier et Laurent Miclo

n° 171, 2021, 110 pages

On a manifold, consider an elliptic diffusion X admitting an invariant measure μ. The goal of this paper is to introduce and investigate the first properties of stochastic domain evolutions (Dt)t∈[0,τ] which are intertwining dual processes for X (where τ is an appropriate positive stopping time...

Christian Helmers, Yassine Lefouili, Brian Love et Luke McDonagh

vol. 23, n° 1, 2021, p. 56–99

We study the effect of fee shifting rules on litigation. First, we build a model to study the theoretical effect of a change in cost-recovery rules on case filings, (post-filing) settlement, win rates, and plaintiffs' average litigation expenditures. We then undertake an empirical analysis of the...

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...

Stéphane Girard, Gilles Stupfler et Antoine Usseglio-Carleve

vol. 49, n° 6, décembre 2021, p. 3358–3382

Expectiles define a least squares analogue of quantiles. They have been the focus of a substantial quantity of research in the context of actuarial and financial risk assessment over the last decade. The behaviour and estimation of unconditional extreme expectiles using independent and identically...

Thomas S. Kraft, Vivek Venkataraman, Ian J. Wallace, Alyssa Crittenden, N. Holowka, Jonathan Stieglitz, Jacob Harris, David Raichlen, Brian Wood, Michael Gurven et Herman Pontzer

vol. 374, n° 6575, décembre 2021

The suite of derived human traits, including enlarged brains, elevated fertility rates, and long developmental periods and life spans, imposes extraordinarily high energetic costs relative to other great apes. How do human subsistence strategies accommodate our expanded energy budgets? We found...

Daniel F. Garrett

vol. 16, n° 4, 2021, p. 1281–1312

In the context of a canonical agency model, we study the payoff implications of introducing optimally-structured incentives. We do so from the perspective of an analyst who does not know the agent's preferences for responding to incentives, but does know that the principal knows them. We provide,...

J. Simoes, D. Moran, S. Edwards, Céline Bonnet, A. Lopez-Sebastian et P. Chemineau

vol. 15, n° 1, décembre 2021

Mamadou Thiam, Jean-Claude Kouakou Brou et Benur Andrade Varela

vol. 36, n° 4, décembre 2021, p. 519–548

As a result of COVID-19, the export of medical goods has been subject to various global restrictions. Consequently, several countries have increased the supply of medical goods to alleviate the effects of this health crisis. This study entails a theoretical and empirical analysis of the effects of...