Equilibrium

characteristics of the regulated institutions. Banque de France • Financial Stability Review • No. 6 • June 2005 93 ARTICLES Interest rate risk in the French banking system BIBLIOGRAPHY Arrow (K.J.) and Debreu (G.) (1954) Existence of an equilibrium for a competitive economy Econometrica, No. 22 Basel Committee on Banking Supervision (2001) Principles for the management and supervision of interest rate risk BRI, Consultative Document Basel Committee on Banking Supervision (2004) International

transactions, Working Paper, Bank of Finland. Luenberger D.G., 1992a, Benefit functions and duality, Journal of Mathematical Economics, vol. 21, 461-481. Luenberger D.G., 1992b, New optimality principles fir economic efficiency and equilibrium, Journal of Optimisation Theory and Application, vol. 75, 211-264. Luenberger D.G., 1994a, Dual Pareto efficiency, Journal of Economic Theory, vol. 62, 70-85. Luenberger D.G., 1994b, Optimality and the Theory of Value, Journal

– NK » désignent, respectivement, les modèles d’inspiration keynésienne traditionnelle (K), néoclassique (NC), néo-keynésienne (NK). Les acronymes RBC et DSGE signifient, res- pectivement « Real Business Cycles » et « Dynamic Stochastic General Equilibrium ». « SEE » et « VAR » renvoient à des approches purement statistiques, univariée pour la première (« Single Equation Estimation »), et multivariée pour la seconde (« Vector AutoRegressive »). Source : Gechert, 2015.Le multiplicateur d’investissement

plus générale, la question controversée (Marsden 1989) de l’effondrement du système d’apprentissage à l’anglaise est reprise, d’une autre façon, par Finegold et Soskice (1988), Soskice (1991), et d’autres travaux, autours de la thèse du "low skill equilibrium"Cette thèse oppose, autour de la question des stratégies de recrutement et de formation des entreprises, des pays (Japon, RFA...) où se Ce programme rend obligatoire le contrat de travail contrairement au Youth training et comporte un engagement

bank reserves change, the rate fluctuates. For instance, if the demand for bank reserves increases while the amount of liquidity in the economy (i.e. the money supply) remains unchanged, the federal funds rate will rise, until it meets the monetary equilibrium once again.54 Therefore, the Fed is able to set the federal funds rate at any level by altering the supply of reserves in the market. To do so, it can either buy or sell U.S. treasury securities.55 These purchases and sales are called open market

actual policies, 49-99. BERNANKE B. et BLINDER A. (1992) « The federal funds rate and the channels of monetary transmission », American Economic Review, 82 (4), 901-921. BORDES C., CLERC L. et MARIMOUTOU V. (2007), “Is there a structural break in equilibrium velocity in the euro area?”, Notes d’Etudes et de Recherche de la Banque de France NER-E -165. BORDES C. et CLERC L. (2007), “Price stability and the ECB.s monetary policy strategy”, Journal of Economic Surveys, n° 28, pp. 14-23. BRUNNER K. and

argue that the other mechanisms discussed above have only a marginal impact [2,8,11,17,96–100]. The advantage of the thermodynamic mechanism over the other mechanisms is that it does not require a molecular interaction for good adhesion, only an equilibrium process at the interface [13]. In neutral environments such as air, the thermodynamics of the polymer system will attempt to minimize the surface free energy by orientating the surface into the non-polar region of the polymer [2]. When the polymer

contingente : contingent valuation method méthode des risques : risk approach mise en œuvre conjointe : joint implementation mise en réserve de permis d'émissions : banking of emission permits modèle ascendant modèle d'équilibre général : general equilibrium model modèle descendant modèle économique : economic model niveau de référence : baseline niveau sans regret : no regrets level objectif environnemental : environmental objective objectifs quantifiés de limitation et de réduction des émissions :

2003 23 Basic structure of the model UKMOD is based upon the familiar macroeconomic national accounting framework. It uses national data on System of National Accounts 1993 basis chain-linked annually to 2000 based prices. It is a general equilibrium model with separate sub-models for each of the key sectors in the economy. Overall consistency is achieved in the framework of the system of national accounts. Each sector is modelled on the basis of a set of behavioural equations, which are firmly

frontier. Journal of Financial and Quantitative Analysis, 7 :1851—72, 1972. [Riv02] Fabrice Riva, (2002). Applications Financières En Excel Sous Visual Basic. Economica, Paris, 2002. [Sha64] W. Sharpe, (1964). Capital asset prices : a theory of market equilibrium under condition of risk. Journal of Finance, septembre 1964. [Tob58] J. Tobin, (1958). Liquidity preferences as behavior toward risk. Review of Economic Studies, 25 :65—86, 1958. [Wil38] J.B. Williams, (1938). The theory of investment value. Harvard