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Working, Yet Poor reçoit une subvention H2020 de 3,2 millions d’EUR

Le projet de recherche paneuropéen « Working, Yet Poor » (le projet WorkYP) s’est récemment vu attribuer 3,2 millions d’euros pour trois ans, dans le cadre du programme européen Horizon 2020. Le projet WorkYP examinera les raisons sociales et juridiques qui expliquent le nombre croissant de citoyens de l’Union Européenne (UE) qui, malgré leur emploi, risquent encore de…

Events

Workshop in Gender and Economics

The department of Economics (CREA) at the University of Luxembourg is organising a workshop in Gender and Economics on the 9 and 10 December 2019.

Events

Private Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis

Events

Présentation d’ouvrage

Conférence de présentation d’ouvrageProfesseur Antoine Pantelis, Université d’AthènesDroit constitutionnel HelléniqueL’harmattan, 2018

Events

Real Effects of Search Frictions in Consumer Credit Markets

News

BEI et Université mobilisées ensemble pour les cinq prochaines années

La Banque européenne d’investissement et l’Université du Luxembourg ont renouvelé leur accord de coopération portant sur la recherche académique, l’enseignement et le partage de ressources documentaires. La Convention d’accord a été signée par MM. Francisco de Paula Coelho, doyen de l’Institut BEI et Stéphane Pallage, recteur de l’Université du Luxembourg, au siège de la BEI en…

Events

Bank Competition, Bank Runs and Opacity

AbstractWe examine the competition among and the opacity of bankssubject to rollover risk. Banks imperfectly compete for uninsureddeposits and choose the opacity of their risky investment. In astatic setup, higher bank competition increases the deposit rate,which increases withdrawal incentives due to strategiccomplementarity and thus raises bank fragility. In a dynamic setupwith entry, a theory of…

Events

Factor Models for Conditional Asset Pricing

Abstract:This paper develops a methodology for inference on no-arbitrage conditional asset pricing models linear in latent risk factors, valid when the number of assets diverges but the time series dimension is fixed, possibly very small. We show that the no-arbitrage condition permits to identify the risk premia as the expectation of the latent risk factors.…

Events

Lunchseminar in Economics: What’s next? Returning to exports after failure

Events

A Theory of Debt Accumulation and Deficit Cycles

AbstractThis paper introduces a tractable model of sovereign debt in which governments face intertemporal tradeoffs between (i) preferring more primary deficits to less and (ii) avoiding costly defaults. Governments run deficits when debt and, then, the marginal costs of increasing debt are low. After an extended period of debt accumulation, the probability of default increases,…