« Axioms determined upon in argument can never assist in the discovery of new effects; for the subtilty of nature is vastly superior to that of argument. But axioms properly and regularly abstracted from particulars easily point out and define new particulars, and therefore impart activity to the sciences. »
Francis Bacon, Novum Organum, I-XXIV (1620).
“Money Velocity in an Imperfectly Competitive, Stock-Flow Consistent Dynamics: Debt-Deflation is back!” (with Edouard Dosseto and Paul Valcke), forthcoming.
“Understanding the financing of sustainability transitions in a resource dependent world” (with Mark Swilling, Helga Weisz and others), Report for the International Resource Panel, forthcoming.
“Directed Technical Change in an inventory Stock-flow Consistent Dynamics with Governments: from brown to green Capital” (with Edouard Dosseto and Paul Valcke), forthcoming.
“Macroeconomic Dynamics in a Finite World: the Thermodynamic Potential Approach” (with Eric Herbert, Cristophe Goupil and Aurélie Louis-Napoléon), forthcoming.
“Collaborative Governance of Care for Neglected Diseases: Potential and Limitations of Health as a Commons Approach” (with Elena De Nictolis), forthcoming.
“Achieving Material Sustainability : a Dynamic Stock-Flow Consistent Growth Model under Natural Resource, Debt and Productivity Constraints” (with Fatma Rostom), forthcoming.
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"E-CHIMES : an Eco-physical Dynamical Framework for Societal Model and Sustainability in their Environment" (with Paul Valcke), work in progress.
"Interactions between Inequalities and Climate Change. Results from a Dynamic Climate-economic Coupling" (with Hugo A. Martin, Loïc Giaccone), work in progress.
“The 1969 Akerlof-Stiglitz Model Revisited”, work in progress.
“You Won’t Go any further, really? An Economic Analysis of a Recent Decision by the German Federal Court”, forthcoming in European Law Journal (2021).
“Economic Impacts of a Glacial Period: a Thought Experiment to Assess the Disconnect between Econometrics and Climate Sciences”, (with Marie-Noël Woillez and Antoine Godin), Earth System Dynamics, vol. 11/4, p. 1073-1087 (dec. 2020): full article.
“Prey-Predator Long-Term Modelling of Copper Reserves, Production, Recycling, Price and Cost of Production” (with Fatma Rostom and Olivier Vidal), Environmental Science and Technology, vol. 53/19, p. 11323-11336 (2019): link.
“Financial Impacts of Climate Change Mitigation Policies and their Macroeconomic Implications: a Stock-flow Consistent Approach” (with Emmanuel Bovari and Florent McIsaac), Climate Policy, vol. 20/2, p. 179-198 (aug. 2019): link.
“Household Debt: the Missing Link between Inequality and Secular Stagnation?” (with Matheus Grasselli), Journal of Economic Behavior and Organization, vol. 183, p. 901-927 (mar. 2021, accepted 2019): link.
“Global Trends in Metal Consumption and Supply: The Raw Material-Energy Nexus”,(with Olivier Vidal, Fatma Rostom and Cyril François), Elements, vol. 13/5, p. 319-324 (2017): link.
“Coping with Collapse: a Stock-Flow Consistent Monetary Macrodynamics of Global Warming” (with Emmanuel Bovari and Florent McIsaac), Ecological Economics, vol. 147, p. 383-398 (2017): link.
“Crisis and Relief in the Niger Delta (2012-2013). Assessment of the Impact of a Flood on Relational Capabilities”, (with Hélène L'Huillier and Cécile Renouard), Oxford Development Studies, vol. 46/1, p.113-131 (2017): link.
“The Effects of Oil Price Shocks in a New-Keynesian Framework with Capital Accumulation” (with Veronica Acurio Vasconez and Florent McIsaac), Journal of Energy Policy, vol. 86, p. 844-854 (2015): link.
“Debt-Deflation versus Liquidity Trap: the Dilemma of Non-conventional Monetary Policy” (with Antonin Pottier), Economic Theory, vol. 62/1, p. 383-408 (2015): pdf.
“Energy Challenges and Sustainable Development: how to avoid a Collapse?”, Revue d’Economie du Développement, vol. 23, p. 100-123 (2015): full article.
“The Church in the face of the drifts of capitalism”, Revista de Fomento Social, vol. 275, p. 339-347 (2014).
“Quelle intelligence du capital pour demain ? Une lecture du Capital au XXIe siècle de Thomas Piketty" (What capital intelligence for tomorrow? A reading of Capital in the 21st Century by Thomas Piketty), Revue Française de Socio-Économie, vol 13/1, p. 283-294 (2014): full article.
"Financialized Capitalism and Ecological Shift: from the ‘Society of Owners’ to a ‘Society of Commons’ ” Gregorianum, Pontificia Universitas Gregoriana, 94/4, (2013): link.
“Financial Crashes or Liquidity Trap: the Dilemma of Non-conventional Monetary Policies” (with Antonin Pottier), Revue Economique, vol. 64/3, p. 485-496 (2013): pdf.
“Pour une théologie ‘apocalyptique’ de l'histoire. Une lecture de l'Adversus Haereses, V, III” (For an ‘Apocalyptic’ Theology of History: a Reading from Adversus Haereses, V, III), Recherches de Science Religieuse, vol. 99/3 (2011): full article.
“Is the Veil of Ignorance transparent ?” (with Cécile Renouard), Oeconomia, vol. 1/2, p. 239-258 (2011): link.
“Measuring the Contribution of Companies to Local Development: the case of oil tankers in Nigeria” (with Cécile Renouard and Diongue Abdou Ka), Revue Française de Gestion, vol. 36, p. 101-115 (2010): pdf.
“Nominal Uniqueness and Money Non-neutrality in the Limit-price Exchange Process” (with Dimitrios P. Tsomocos), Economic Theory, vol. 45, p. 303-348 (2010): link.
“Nash Implementation with an Infinite-dimensional Trade Space” (with. Guillaume Bernis), Review of Economic Design, vol. 9/3, p. 271-287 (aug. 2005): link.
“De l'inefficience des marchés concurrentiels : l'approche par la valeur de Shapley" (Shapley Value and Inefficiency of Competitive Markets), Economie et sociétés, vol. 35/8, p. 1599-1623 (2004): HAL.
“On Shapley-Shubik Equilibria with Financial Markets” (with Hubert Stahn), Economic Theory, vol. 35/3, p. 469-496 (june 2003): pdf.
“Strategic Market Games: an Introduction”, Journal of Mathematical Economics, vol. 39/6, p. 355-375 (jul. 2003): link.
“Homothetic or Cobb-Douglas Behavior Through Aggregation” (with John K.-H. Quah), Berkeley Electronic Journal, vol. 3/1 (2003): link.
“Efficiency and Imperfect Competition in Economies with Incomplete Markets”, (with Hubert Stahn), Journal of Mathematical Economics, vol. 39/5, p. 559-583 (jul. 2003): link.
“Strategic Market Games with Incomplete Markets and Finite Horizon” (with Sonia Weyers), Economic Theory, vol. 23/3, p. 467-493 (mar. 2003): link.
“Generic Efficiency and Collusion-proofness” (with Céline Rochon), Social Choice and Welfare, vol. 20/3, p. 405-428 (june 2003): pdf.
“Consistent Collusion-proofness and Correlation in Exchange Economies” (with Céline Rochon), Journal of Mathematical Economics, vol. 38, p. 441-463 (2002): pdf.
“An Algebraic Index Theorem for Non-smooth Economies”, Journal of Mathematical Economics, vol. 36/4, p. 255-269 (dec. 2001): pdf.
“Notes on Strategic Market Games”, Cahiers d’Economie politique, vol. 37, p. 257-272 (fall 2000): pdf.
“Correlated Equilibria and Strategic Incompleteness in Competitive Strategic Market Games”, Revue Economique, vol. 50/3, p. 583-592 (may 1999): link.
“2% pour 2 degrés (2% for 2 degree) : les investissements publics et privés nécessaires pour atteindre la neutralité carbone de la France en 2050”, Institut Rousseau, (mar. 2022): link.
“Fossil Assets, the New Subprimes? How Funding the Climate Crisis can Lead to a Financial Crisis”, Institut Rousseau, Reclaim France, Les Amis de la Terre (june 2021): pdf [English or French]
“Un outil pour la délibération fiscale : l’impôt abc” (with Mathilde Salin, Joseph Enguehard and Eric Levieil), Institut Rousseau, (feb. 2021): link.
“Report of the High-Level Commission on Carbon Pricing” (with Nicholas Stern, Joseph Stiglitz and others), World Bank (may 2017): pdf.
“Making the European Banking Union Macro-economically Resilient, Report for the European Parliament” (with Thore Kockerols), European Parliamentary Research Service (june 2015): full report.
“Pour une réforme bancaire plus ambitieuse : Vous avez dit Liikanen ? Chiche!” (with Laurence Scialom), Terra Nova (feb. 2013): pdf.
“Why Economics is a Moral Science: Lifting the Veil of Ignorance in the Right Direction”, in Law, Economics, and Conflict (ed. Kaushik Basu and Robert C. Hockett), Cornell University Press (2021): link.
“The Trouble with Climate Economics: Comments on ‘Climate Change, Development, Poverty and economics’ by Stern and Fankhauser”, in The State of Economics, the State of the World, (ed. Kaushik Basu), MIT Press (2019): link.
“Les objectifs du développement durable sont-ils ‘durables’ ?” (Are the Sustainable Development Objectives really “Sustainable”?), in Un défi pour la planète : les Objectifs de développement durable en débat (ed. Jean-Marc Chataignier), Institut de Recherche pour le Développement (2017): link.
“La finanzia insostenibile” (The Unsustainable Finance), in Francesco e Noi. I grandi protagonisti del nostro tempo raccontano il Papa più amato e discusso (ed. Francesco Antonioli) Piemme, Milano (2017): link.
“La finanza e la cura del creato” (Finance and the Care of the Creation), in Curare Madre Terra. Comento all'enciclica ‘Laudato si‘’ (col.) Milano (2015): link.
“Le point de vue des économistes et leurs solutions" (The Economists' Point of View and their Solutions), in Un Monde d’inégalités (ed. Bertrand Badie and Dominique Vidal), La Découverte (2015): link.
“Création monétaire” (Monetary Creation), in Dictionnaire de la pensée écologique (dir. Dominique Bourg and Alain Papaux), Presses Universitaires de France (2015): link.
“Le Cycle du levier” (The Leverage Cycle), in Comment la régulation financière peut-elle sortir l’Europe de la crise ? (ed. Christian de Boissieu, François-Gilles Le Theule and Paulo Bailo), Éditions de l'ENA, Collection Professionnels De L’Europe (2014): link.
“Régulation financière : l’essentiel reste à faire" (Financial Regulation: the Essential Work remains to be done), Rapport moral sur l’argent dans le monde, Association d’Economie financière (2014): link.
Produire plus, polluer moins : l’impossible découplage ? (Produce more, Pollute less: the Impossible Decoupling), Les petits matins, Institut Veblen (2014): link.
“François, l’Eglise et la construction européenne" (Francis, the Church, and the European Construction), in L'Eglise que j’espère (Pope Francis, trad. François Euve), Flammarion- Etudes (2013): link.
“La Finance est-elle éthique ?” (Is Finance Ethical?), in Conférences de Carême à Notre-Dame de Paris, Parole et Silence (2012): full text.
“Economie” (Economics), in Dictionnaire de la violence (ed. Michela Marzano), Presses Universitaires de France (2011): link.
“Economie mathématique” (Mathematical Economics), in Dictionnaire des sciences économiques, (ed. Jessua Claude, Labrousse Christian and Vitry Daniel), Presses Universitaires de France (2001): link.
2021, Doctorate Honoris Causa from the University of Namur (Belgium).
2020, Canonical Ph.D. in Theology. “Composer un Monde en Commun - Une Théologie politique de l'Anthropocène" (Composing a Common World - A Political Theology of the Anthropocene)
Advisor: Fr. Christoph Theobald, sj - Centre Sèvres (Paris).
2004, HDR - Habilitation to supervise a PhD in Economics, Summa cum laude.
University Louis Pasteur (Strasbourg, France).
1998, Ph.D. in Applied Mathematics, “Jeux stratégiques de marché” (Strategic Market Games), Summa cum laude.
Advisor: Pr. Joseph Abdou - Ecole Polytechnique (Paris).
The purpose of this thesis is to study competitive Nash game forms such that in the presence of a finite number of agents, the set of Nash equilibrium outcomes coincides with the set of Walrasian equilibria of the economy.
I was a Co-Editor for Biophysical Economics and Resource Quality (between 2015 and 2019): journal website.
I was a Guest Editor for the Journal of Mathematical Economics (special issue on “Strategic market games” in 2003): journal website.
Hugo Bailly, Guillaume Bernis, Emmanuel Bovari, Matthew Carnes sj, Elena De Nictolis, Edouard Dossetto, Cyrille François, Michael Garanzini sj, Antoine Godin, Christian Goupil, Matheus Grasselli, Eric Herbert, David Hollenbach sj, Thore Kockerols, Hélène L'Huillier, Aurélie Louis-Napoléon, Hugo A. Martin, Florent Mc Isaac, Grégoire Noël, Antonin Pottier, John K.H. Quah, Cécile Renouard, Céline Rochon, Fatma Zahra Rostom, Felwine Sarr, Laurence Scialom, Joseph Stiglitz, Hubert Stahn, Lord Nicholas Stern, Mark Swilling, Dimitrios P. Tsomocos, Paul Valcke, Verónica Acurio Vásconez, Sonia Weyers, Marie-Noëlle Woillez
*The graph represents the rolling back testing of one of our EJP models on employment rate time series, made by one of my PhD student, Hugo Bailly.
Cf. this paper of Florent McIsaac, a former PhD student of mine, on model backtesting: “Testing Goodwin with a Stochastic Differential Approach: the United States (1948–2019)” : abstract.