Jump to navigation
Gerard Maideu-Morera
n° 24-1534, mai 2024
The European Sovereign debt crises (2010-2012) showcased how excessive private leverage can threaten sovereign debt sustainability, making the existing fiscal rules targeting only public debt insufficient. In this paper, I study the optimal joint design of fiscal rules and macroprudential policies...
Amirreza Ahmadzadeh et Stephan Waizmann
n° 24-1533, mai 2024, révision juillet 2026
This paper studies how to combine screening menus and inspection in mechanism design. A Principal procures a good from an Agent whose cost is his private information. The Principal has two instruments: screening menus — i.e., quantities and transfers — and (ex-ante) inspection. Inspection is costly...
Tanja Linta
n° 24-1532, mai 2024
This paper measures variation in central bank credibility through the level of agree-ment in a monetary policy committee and empirically studies its relevance for the effectiveness of forward guidance. In the European Central Bank’s (ECB) insti-tutional framework, high-frequency identification...
Ingela Alger et José Ignacio Rivero-Wildemauwe
n° 24-1531, mai 2024, révision juin 2026
Theoretical work shows that in social interactions Kantian (or universalization) concerns sometimes yield starkly different behavioral predictions than other-regarding motives. We hypothesize that in interactions with different roles, Kantian concerns are awakened through awareness of a possible...
Paul Seabright
Princeton University Press, mai 2024, 504 pages
Religion in the twenty-first century is alive and well across the world, despite its apparent decline in North America and parts of Europe. Vigorous competition between and within religious movements has led to their accumulating great power and wealth. Religions in many traditions have honed their...
Céline Bonnet et Marine Coinon
vol. 143, n° 105017, mai 2024
Global meat consumption has risen steadily in recent decades, with heterogeneous growth rates across regions. While meat plays a critical role in providing essential nutrients for human health, excessive consumption of meat, particularly red and processed meat, has also been associated with a...
Olivier Faugeras et Gilles Pages
vol. 116, mai 2024, p. 134–147
mai 2024
Marc Arnaudon, Koléhè Coulibaly-Pasquier et Laurent Miclo
vol. 30, n° 2, mai 2024, révision 10 juin 2026, p. 1007–1028
This paper proves that the separation convergence toward the uniform distribution abruptly occurs at times around ln(n)∕n for the (time-accelerated by 2) Brownian motion on the sphere with a high dimension n. The arguments are based on a new and elementary perturbative approach for estimating...
Abdelaati Daouia, Simone A. Padoan et Gilles Stupfler
vol. 30, n° 2, mai 2024, p. 1287–1312
This paper investigates pooling strategies for tail index and extreme quantile estimation from heavy-tailed data. To fully exploit the information contained in several samples, we present general weighted pooled Hill estimators of the tail index and weighted pooled Weissman estimators of extreme...
