(April 2014) 5 papers...in 5 minutes !
- Optimism, pessimism and financial bubbles - Bertrand Wigniolle. In order to explain significant movements in asset prices in recent years, reference is often made to the phenomenon of financial bubbles : an asset price increase that departs radically from its fundamental value...
- Models as usual for unusual risks? On the value of catastrophic risk climate change - Antoine Bommier, Bruno Lanz and Stéphane Zuber. The most recent research into climate change reveals significant uncertainty about the increase in temperatures caused by the rise in the concentration of greenhouse gases (such as CO2) in the atmosphere...
- Spurious regressions and near-multicollinearity, with an application to aid, policies and growth - Jean-Bernard Chatelain and Kirsten Ralf. The statistician J. Ioannidis has shown that there might be a “winner’s curse” in empirical articles published in the most selective medical journals...
- Why is Old Workers’ Labor Market more Volatile? Unemployment Fluctuations over the Life-Cycle - Jean-Olivier Hairault, François Langot and Thepthida Sopraseuth. Deep economic recessions are marked by an increase in unemployment, which economic recovery promises to reduce. The 2008 recession was no exception. Usually, the general unemployment rate is the principal indicator...