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5 octobre 2011
4 octobre 2011
Thomas-Olivier Léautier
n° 10-153, septembre 2011, révision 19 août 2012
This article formally analyzes the causes of underinvestment in electric power generation, and the various corrective market designs that have been proposed and implemented. It yields four main analytical findings. First, using a simple numerical example, (a linear demand function, calibrated on...
Baptiste Massenot et Stéphane Straub
n° 11-254, septembre 2011
A standard view holds that removing barriers to entry and improving judicial enforcement would reduce informality and boost investment and growth. We show, however, that this conclusion may not hold in countries with a concentrated bank- ing sector or with low financial openness. When the formal...
Helmuth Cremer, Firouz Gahvari et Norbert Ladoux
n° 11-256, septembre 2011
This paper examines if an energy price shock should be compensated by a reduction in energy taxes to mitigate its impact on consumer prices. Such an adjustment is often debated and advocated for redistributive reasons. Our investigation is based on a model that characterizes second-best optimal...
David Bardey et Fernando Jaramillo
n° 11-257, septembre 2011, révision novembre 2011
We analyze whether the introduction of unemployment insurance (UI hereafter) benefits in developing countries would reduce the effort made by unemployed to secure a new job in the formal sector. We show that one shot UI benefits unambiguously increase the effort to secure a new job in the formal...
Thomas Chaney
septembre 2011
The gravity equation in international trade is one of the most robust empirical finding in economics: bilateral trade between two countries is proportional to their respective sizes, measured by their GDP, and inversely proportional to the geographic distance between them. While the role of...
n° 12.15.372, septembre 2011
Patrick Fève, Julien Matheron et Jean-Guillaume Sahuc
vol. 112, n° 3, septembre 2011, p. 273–276
Standard business cycle models face difficulties generating (i) government spending multipliers exceeding unity and (ii) stabilizing effects of government size. Using a simple model with externality in labor supply, we show that a sufficient degree of complementarity between aggregate and private...
Céline Bonnet et Vincent Réquillart
vol. 20, n° 9, septembre 2011, p. 1012–1024
