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  • Publications (235)
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Frédéric Cherbonnier, and Christian Gollier, “Decreasing Aversion under Ambiguity”, Journal of Economic Theory, vol. 157, 2015, pp. 606–623.

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Frédérique Bec, and Christian Gollier, “Cyclicality and term structure of Value-at-Risk within a threshold autoregression setup”, Revue Banque, vol. 134, 2015, pp. 5–19.

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Jay Pil Choi, Doh-Shin Jeon, and Byung-Cheol KIM, “Net Neutrality, Business Models, and Internet Interconnection”, American Economic Journal: Microeconomics, vol. 7, n. 3, 2015, pp. 103–141.

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Guillaume Plantin, “Shadow Banking and Bank Capital regulation”, The Review of Financial Studies, vol. 28, n. 1, 2015, pp. 146–175.

Banks are subject to capital requirements because their privately optimal leverage is higher than the socially optimal one. This is in turn because banks fail to internalize all the costs that their insolvency cre- ates for the agents who use their money-like liabilities to settle trans- actions....
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Bruno Biais, Jean-Charles Rochet, and Paul Woolley, “The dynamics of innovation and risk”, The Review of Financial Studies, vol. 28, n. 5, 2015, pp. 1353–1380.

We study the dynamics of an innovative industry when agents learn about its strength, i.e., the likelihood that it gets hit by negative shocks. Managers can exert risk-–prevention export to mitigate the consequences of such shocks. As time goes by, if no shock occurs, confidence improves. This...
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Bruno Biais, “Innover, meilleure réponse à la globalisation”, L'AGEFI, December 17, 2015.

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Helmuth Cremer, and Kerstin Roeder, “Means testing versus basic income: the (lack of) political support for a universal allowance”, Economics Letters, Elsevier, vol. 136, November 2015, pp. 81–84.

This paper studies the political economy of a basic income (BI) versus a means tested welfare scheme. We show in a very simple setting that if society votes on the type of system, its generosity as well as the “severity” of means testing (if any), a BI system could only emerge in the political...
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Augustin Landier, and David Thesmar, “Gare à l'illusion d'une Silicon Valley à la française”, Les Echos, November 19, 2015.

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Paul Beaudry, Alban Moura, and Franck Portier, “Reexamining the cyclical behavior of the relative price of investment”, Economics Letters, Elsevier, vol. 135, October 2015, pp. 108–111.

The cyclical behavior of the relative price of investment goods plays an important role in many modern macroeconomic models. In this paper we examine the behavior of several measures of the relative price of investment goods for the U.S. economy over the last fifty years. In particular, we examine...
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Bruno Biais, “Théorie des incitations et crise grecque”, L'AGEFI, October 8, 2015.

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Borrowing against non-seizable collateral : sovereign pledges and market information in 19th century (1)

Marc flandreau (University of Pennsylvania)

May 31, 2018

Conference in honour of the 60th birthday of Jean-Charles Rochet (1)

Toulouse School of Economics, Toulouse, France, May 31 to June 1, 2018, room MS001

To be announced (1)

Sergio Rebelo (Northwestern University)

May 28, 2018

“The fire-sale channels of universal banks in the European sovereign debt crisis” (1)

Falko Fecht (Frankfurt School of Finance and Management)

May 22, 2018

CSIO/IDEI, 16th Joint Workshop on Industrial Organization (1)

Manufacture des Tabacs, Toulouse, May 18–19, 2018, room MS001

How Does the Yield Curve Predict Future Economic Activity (1)

Antonio Moreno (University of Navarra)

May 15, 2018

Entrepreneurial Spillovers from Corporate R&D (1)

Sabrina Howell (New York University Stern School of Business)

TSE, May 14, 2018, 12:30–14:00, room MF 323

How does corporate innovation investment affect employee departures to entrepreneurship (spawning)? Research and development (R&D) investment may generate growth options for the firm or make it a more interesting workplace, which could decrease spawning. Conversely, R&D investment could...

Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads (1)

Mikhaël Chernov

May 2, 2018

CGD Working Group on Global Health Procurement (1)

Manufacture des Tabacs, Toulouse, France: TSE, April 26–27, 2018, room MS002-MS003

A Model of the Fed’s View on Inflation (1)

Giovanni Ricco (University of Warwick and OFCE)

April 24, 2018

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