Immigration and public finances in OECD countries
International audience
'Whatever it Takes' to Change Belief: Evidence from Twitter
The sovereign debt literature emphasizes the possibility of avoiding a self-fulfilling default crisis if markets anticipate the central bank to act as lender of last resort. This paper investigates the extent to which changes in belief about an intervention of the European Central Bank (ECB) explain the sudden reduction of government bond spreads f...
Immigration and public finances in OECD countries
International audience
Immigration and public finances in OECD countries
International audience
Taxation, redistribution, and observability in social dilemmas
International audience
Taxation, redistribution, and observability in social dilemmas
International audience
Marginal deadweight loss when the income tax is nonlinear
International audience
Central banking under the gold standard: Rist versus Hawtrey on the policy of the Bank of France from 1928 to 1931
It is widely believed that the difficult return to the gold standard during the 1920s and its demise in 1931 intensified the Great Depression. An interesting way of thinking about national and international monetary mechanisms emerged from the debates between French and British policymakers during those years. We attempt to explain the failure of t...
Performance of impact investing: A value creation approach
International audience
The economic importance of judicial institutions, their performance and the proper way to measure them
Forthcoming
