infonet-economy

This article focuses on the role of plant size for working class vote. We argue that workplace size does matter for political behaviour. Workers in smaller plants are less unionised and therefore base their voting decisions more strongly on their cultural attitudes, which undermines the support for social democratic parties. Using data from the European Social Survey (2002-2010), we…

In the first chapter, the problem of Bootstrap inference for the parameters of a GLMM is addressed. We formulate a bootstrapping strategy consisting on the random weighting of the contributions to the Joint Likelihood of Outcomes and Random Effects. Using the Laplace Approximation method for integrals on this function, yields a Random Weighted Log-Likelihood that produces the desired…

In this paper, my primary goal is to test if vote conversion is in line with voters' perceptions of parties' competence, i.e. if the competence change in favor of a party during the political campaign triggers vote conversion in favor of this same party. Then, I assess the moderating role of saliency and political knowledge and the difference between ‘valence' and…

The destabilization of Eastern Europe and of the Southern Mediterranean has exposed the limits of the European peace project. Obviously, the European Neighbourhood Policy has not succeeded in boosting peace and prosperity. This article attributes this failure to a combination of functionalist hubris and political myopia that emanates from the European Union's peculiar…

Labour standards are one of the most contested issues in economic relations between developed countries and emerging markets. As attempts to codify such standards in the WTO have failed, the EU and the US have intensified their efforts to promote them in bilateral and regional Preferential Trade Agreements (PTAs). Whereas this practice has been quite consistent across the globe, the…

Quels sont les apports de l'Union européenne? Rares sont les textes qui traitent simplement à cette question. Ce texte y répond par une analyse de type contrefactuelle. Autrement dit: que serait-il passé si l'UE n'avait pas été mise en place?

My PhD thesis consists of three papers which study the nature, structure, dynamics and price of variance risks. As tool I make use of multivariate affine jump-diffusion models with matrix-valued state spaces. The first chapter proposes a new three-factor model for index option pricing. A core feature of the model are unspanned skewness and term structure effects, i.e., it is…

This paper presents a portfolio model of asset price effects arising from central bank large-scale asset purchases, commonly known as quantitative easing (QE). Two financial frictions—segmentation of the market for central bank reserves and imperfect asset substitutability—give rise to two distinct portfolio effects. One derives from the reduced supply of the purchased assets. The…