working-papers

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Which industrial firms make decarbonization investments?

This working paper seeks to identify the drivers of decarbonization investments by industrial firms in France between 2013 and 2018. The adoption of decarbonization technologies increases with firm size, energy intensity, productivity, and inclusion in the ETS, and decreases with firm age. Among firms investing in decarbonization, the size of the decarbonization investments is determined by firms’... Lire la suite

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Live and (don't) let die: The impact of Covid-19 and public support on French firms

Within the framework of the Coeuré Committee, the French Treasury has developed a microsimulation tool which allows to estimate the impact of the crisis, and of public measures taken in response, on the financial health of French firms. Results show that firms’ financial health has deteriorated in 2020 compared to a year without crisis, but that public support – mostly the short-time work scheme a... Lire la suite

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Document de Travail n° 2016/03 - Are exchange rates driven by global or local factors?

This working paper is the sole responsibility of the author. It is circulated in order to stimulate debate and to encourage comments and criticism.This paper uses factor analysis to present an original explanation of floating exchange rate movements. I estimate the shares of domestic and external drivers of these evolutions and find that external common factors are the main drivers of exchange rat... Lire la suite

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Document de Travail n° 2016/01 - Concessional finance and ODA reporting of long term financial instruments

This working paper is the sole responsibility of the author. It is circulated in order to stimulate debate and to encourage comments and criticism.The rather unclear DAC definition of concessionality has created intense debate among DAC members and beyond. The 10% discount rate is not grounded on a sound definition, and the concessionality in character criterion, namely that interest rates on loan... Lire la suite

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Document de Travail n° 2013/04 - Financial incitatives and labor market duality

This working paper is the sole responsibility of the author. It is circulated in order to stimulate debate and to encourage comments and criticism.The French labor market is divided between workers in permanent jobs and those who alternate fixed-term contracts with unemployment spells. Among other public policies aiming at reducing this duality, financial incentives could induce employers to lengt... Lire la suite

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Document de Travail n° 2013/03 - Presentation of the Institutional Profiles Database 2012 (IPD 2012)

This working paper is the sole responsibility of the author. It is circulated in order to stimulate debate and to encourage comments and criticism.This document presents the Institutional Profiles Database (IPD) 2012. The IPD provides an original measure of countries’ institutional characteristics through composite indicators built from perception data.... Lire la suite