A5088703137- Climate Change Policy and Economics
- Market Dynamics and Volatility
- French Urban and Social Studies
- Global Energy and Sustainability Research
- Energy, Environment, Economic Growth
- Environmental Impact and Sustainability
- Financial Markets and Investment Strategies
- Economic theories and models
- Insurance and Financial Risk Management
- Economic Theory and Institutions
- State Capitalism and Financial Governance
- Social Sciences and Governance
- Banking stability, regulation, efficiency
- Social Policies and Family
- Energy, Environment, and Transportation Policies
- Multiculturalism, Politics, Migration, Gender
- Innovation Diffusion and Forecasting
- Mining and Resource Management
- Capital Investment and Risk Analysis
- Sustainable Finance and Green Bonds
Centre international de recherche sur l’environnement et le développement
2022-2024
École nationale des ponts et chaussées
2022-2023
RC Electronics (United States)
2020-2022
Abstract The financial risks and potential systemic impacts induced by climate change the transition to a low‐carbon economy have become central issue for both investors their regulators. In this article, we develop critical review of empirical theoretical literature concerning impact climate‐related on price assets. We first present links between asset pricing theory how risk drivers transmit costs firms lead changes. then discuss studies looking at past events, which show that physical...
Individuals have heterogeneous beliefs regarding the future speed and shape of low-carbon transition. In this paper, we study to what extent opinion diversity matters for aggregate capital investment decisions. We develop a model where firms formulate expectations around dominant narrative, or 'market norm', with their dispersion increasing over finite planning horizon. Our analytical numerical results suggest that belief heterogeneity can significantly affect share investments, strength its...
We study how conflicting beliefs on future transition dynamics interact with shorttermist preferences in shaping investment decisions. develop a simple model where firms choose between two technological options (high- and low-carbon) based their expected profitability over finite planning horizon. Profit expectations depend about the speed of associated high-carbon capital stranding. Firms' are distributed around central stranding projection, representing dominant narrative, or 'market...
Sortir de l'ornière : Perspectives sur la transition bas-carbone Ce document est un postprint l'article Céline Guivarch
Le taux d’intérêt correspond au prix auquel un agent accepte de prêter l’argent à autre lieu le dépenser maintenant. C’est ce que cet paie pour financer une dépense qu’il ne pourrait normalement réaliser dans futur. Aussi les permettent réconcilier deux rapports temps : patience des prêteurs, impatience emprunteurs. Cet encadré propose formalisme simple permettant comprendre comment variable économique peut être interprétée comme l’expression d’un rapport temps.
En économie, regarder vers le futur mobilise deux principales approches : la prévision et prospective. Dans cet entretien croisé avec Nadia Maïzi, spécialiste de prospective professeure en mathématiques appliquées à MINES Paris-PSL, Jean-François Ouvrard, prévisionniste chef du service dédié Banque France, nous interrogeons ces disciplines. Au travers leurs particularités, différences interfaces, cette discussion met exergue comment elles impliquent rapports complémentaires au futur,...
We study how conflicting beliefs on future transition dynamics interact with short- termist preferences in shaping investment decisions. develop a simple model where firms choose between two technological options (high- and low-carbon) based their expected profitability over finite planning horizon. Profit expectations depend about the speed of associated high-carbon capital stranding. Firms’ are distributed around central stranding projection, representing dominant narrative, or ‘market norm’,...
Depuis les années 1980, travaux sur le revenu universel n’ont cessé de se multiplier : dans cadre la lutte contre pauvreté, pour penser mutations du travail à l’œuvre société, ainsi que des réflexions plus globales marché lui-même. Toutefois, propositions demeurent multiples et reposent philosophies conceptions variées.