University Nancy

Displaying 1-7 of 7 results

  • White Papers // Apr 2011

    ? The Scarring Effect Of Unemployment In Ten European Countries : An Analysis Based On The ECHP ?

    This paper investigates the effect of unemployment on earnings for ten European countries. Using a harmonised database (ECHP), the authors estimate the impact of declared unemployment on individuals while taking account of attrition and unobserved individual heterogeneity. They find that the unemployment effect differs by country and gender. The wage...

    Provided By University Nancy

  • White Papers // Oct 2010

    ? External Constraint And Financial Crises With Balance Sheet Effects ?

    This paper investigates the dynamic implications of Krugman's (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature of international financial crisis. Considering explicitly the wealth-accumulation constraint and the external equilibrium condition, the authors describe an emerging-market financial crisis as a jump from an...

    Provided By University Nancy

  • White Papers // Sep 2010

    ? Monetary And Fiscal Policy Interactions With Central Bank Transparency And Public Investment ?

    In this paper, the authors study how the interactions between central bank transparency and fiscal policy affect macroeconomic performance and volatility, in a framework where productivity-enhancing public investment could improve future growth potential. They analyze the effects of central bank's opacity (lack of transparency) according to the marginal effect of...

    Provided By University Nancy

  • White Papers // Sep 2010

    ? The Joint Effect Of Technological Distance And Market Distance On Strategic Alliances ?

    The literature on strategic alliances has deepened the understanding of the mechanisms behind their formation. This literature has given a central role to complementarities between firms, whereby complementarities are usually measured by technological overlap. An established result tells one that, there is an inverted-u relationship between technological distance and learning...

    Provided By University Nancy

  • White Papers // Jul 2010

    ? Financial Market Imperfections And Monetary Policy Strategy ?

    In a model with imperfect money, credit and reserve markets, the authors examine if an inflation-targeting central bank using the funds rate operating procedure to indirectly control market interest rates also needs a monetary aggregate as policy instrument. They show that if private agents use information extracted from money and...

    Provided By University Nancy

  • White Papers // Jul 2010

    ? Fiscal Policy Efficiency And Coordination: The New Open Economy Macroeconomics Approach ?

    The paper offers a survey of recent research on fiscal policy in both deterministic and stochastic models of the New Open Economy Macroeconomics (NOEM) initiated by Obstfeld and Rogoff (1995, 2002b). The survey includes a comparison of the implications of the deterministic benchmark model to the empirical evidence obtained in...

    Provided By University Nancy

  • White Papers // Jun 2010

    ? Bank Lending Networks, Experience, Reputation, And Borrowing Costs ?

    The authors investigate the network structure of syndicated lending markets and evaluate the impact of lenders' network centrality, considered as measures of their experience and reputation, on borrowing costs. They show that the market for syndicated loans is a "Small world" characterized by large local density and short social distances...

    Provided By University Nancy

  • White Papers // Jul 2010

    ? Fiscal Policy Efficiency And Coordination: The New Open Economy Macroeconomics Approach ?

    The paper offers a survey of recent research on fiscal policy in both deterministic and stochastic models of the New Open Economy Macroeconomics (NOEM) initiated by Obstfeld and Rogoff (1995, 2002b). The survey includes a comparison of the implications of the deterministic benchmark model to the empirical evidence obtained in...

    Provided By University Nancy

  • White Papers // Jul 2010

    ? Financial Market Imperfections And Monetary Policy Strategy ?

    In a model with imperfect money, credit and reserve markets, the authors examine if an inflation-targeting central bank using the funds rate operating procedure to indirectly control market interest rates also needs a monetary aggregate as policy instrument. They show that if private agents use information extracted from money and...

    Provided By University Nancy

  • White Papers // Sep 2010

    ? Monetary And Fiscal Policy Interactions With Central Bank Transparency And Public Investment ?

    In this paper, the authors study how the interactions between central bank transparency and fiscal policy affect macroeconomic performance and volatility, in a framework where productivity-enhancing public investment could improve future growth potential. They analyze the effects of central bank's opacity (lack of transparency) according to the marginal effect of...

    Provided By University Nancy

  • White Papers // Sep 2010

    ? The Joint Effect Of Technological Distance And Market Distance On Strategic Alliances ?

    The literature on strategic alliances has deepened the understanding of the mechanisms behind their formation. This literature has given a central role to complementarities between firms, whereby complementarities are usually measured by technological overlap. An established result tells one that, there is an inverted-u relationship between technological distance and learning...

    Provided By University Nancy

  • White Papers // Oct 2010

    ? External Constraint And Financial Crises With Balance Sheet Effects ?

    This paper investigates the dynamic implications of Krugman's (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature of international financial crisis. Considering explicitly the wealth-accumulation constraint and the external equilibrium condition, the authors describe an emerging-market financial crisis as a jump from an...

    Provided By University Nancy

  • White Papers // Apr 2011

    ? The Scarring Effect Of Unemployment In Ten European Countries : An Analysis Based On The ECHP ?

    This paper investigates the effect of unemployment on earnings for ten European countries. Using a harmonised database (ECHP), the authors estimate the impact of declared unemployment on individuals while taking account of attrition and unobserved individual heterogeneity. They find that the unemployment effect differs by country and gender. The wage...

    Provided By University Nancy

  • White Papers // Jun 2010

    ? Bank Lending Networks, Experience, Reputation, And Borrowing Costs ?

    The authors investigate the network structure of syndicated lending markets and evaluate the impact of lenders' network centrality, considered as measures of their experience and reputation, on borrowing costs. They show that the market for syndicated loans is a "Small world" characterized by large local density and short social distances...

    Provided By University Nancy