Academic Works

Find out more about Ermees' work.

Team

Emmanouil SOFIANOS

0 article(s) published

Theo METZ

0 article(s) published

Meixing DAI

0 article(s) published

Antoine EBELING

0 article(s) published

Publications in peer reviewed international journals

2021

Bazillier R., Héricourt J., Ligonniere S. (2021) « Structure of Income Inequality and Household Leverage: Cross-Country Causal Evidence », European Economic Review, 2021, 132
Thommen, Y. (2021), « Reforms of collective bargaining institutions in European Union countries: Bad timing, bad outcomes? » European Journal of Political Economy.
Barbier-Gauchard A, Dai M., Mainguy C., Saadaoui J., Sidiropoulos M., TerrazI., Trabelsi J. (2021) « Towards a more resilient European Union after the COVID-19 crisis », Eurasian Economic Review 11, 321-348.
Ho S-H, & Saadaoui J. (2021) « Symmetric and asymmetric effects of exchange rates on money demand: empirical evidence from Vietnam », Applied Economics, 58:34, 3948-3961
Betti T. and Coudert T. (2020), « How harmful are cuts in public employment and wage in times of high unemployment? » Bulletin of Economic Research

2020

De Palma F. and Thommen Y. (2020), «Employment Protection Reform in European Labor Markets: The Collective Bargaining Regime Matters »De Economist
Barbier-Gauchard A. & Betti T. (2020), « Spillover effects of fiscal policy in a monetary union: Why do fiscal instrument matters ? », Bulletin of Economic Research, 2020, pp. 1-33
Saadaoui J., (2020), “Internal Devaluations and Equilibrium Exchange Rates: new evidences and perspectives for the EMU. Applied Economics, 50:59, pp. 6364-6381. DOI: 10.1080/00036846.2018.1486019.

2019

Dicharry, B., Nguyen-Van, P., & Pham, T. K. C. (2019). “The winner takes it all” or a story of the optimal allocation of the European Cohesion Fund. European Journal of Political Economy, 59, 385-399.
Barbier-Gauchard A., Le D. Le Van C. & Nguyen-Van P. (2019), “Government expenditure, external and domestic public debt, and economic growth” Journal of Public Economic Theory, vol.2 pp.116-134
Barbier-Gauchard A., Sidiropoulos M. & VAROUDAKIS A., (2019), « La zone euro et son avenir : un état des savoirs », Revue d’économie financière, 1^er trimestre, n°133, p. 249-272

2018

Charlotte, M. A. & Dai M. (2018), “Learning, robust monetary policy and the merit of precaution”, The B.E. Journal of Macroeconomics, De Gruyter, vol 18(2), pp 1-20
Duwicquet V., Mazier J. & Saadaoui J. (2018), “Dealing with the consequences of exchange rate misalignments for macroeconomic adjustments in the EMU”. Metroeconomica 69(4), pp. 737-767, 2018. DOI: 10.1111/meca.12211.

2017

Dai M., @ Qiao Z. (2017), “Central bank transparency under the cost of channel” International Finance, Wiley Blackwell, vol.20(2), pp. 189-209
`Barbier-Gauchard A. and Saadaoui J. (forthcoming), « The Euro Crisis : Where do we stand ? », Brussels Economic Review.
Betti T. (forthcoming), « The effects of fiscal policy on the labor market in the Euro Area: government consumption versus investment », Brussels Economic Review.
André M. C. and Dai M. (2017), “Is central bank conservatism desirable under learning?”, Economic Modelling, vol. 60(C), pages 281-296.
Cheng J., Dai M. and Dufourt F. (2017), “Banking and Sovereign Debt Crises in a Monetary Union Without Central Bank Intervention”, Journal of Mathematical Economics, vol. 68(C), pages 142-151.
Barbier-Gauchard A. and Montagne C. (2017), « L’impact macroéconomique des investissements publics : Enjeux et perspectives pour les acteurs publics locaux », Revue Française de Finances Publiques, N137, p 89-115.

2016

Dai M. (2016), “Static and Dynamic Effects of Central Bank Transparency, The Bulletin of Economic Research, Volume 68, Issue 1, pages 55–78, January.
Papadamou S., Sidiropoulos M. and Spyromitros E. (2016), “Interest rate dynamic effect on stock returns and Central Bank Transparency: Evidence from Emerging markets”, Research in International Business and Finance.

2015

Dai M., Sidiropoulos M. and Spyromitros E. (2015), “Fiscal policy, institutional quality and central bank transparency”, The Manchester School, Volume 83, Issue 5, Pages: 523–545,
Saadaoui J. (2015), « Does financial openness explain the increase of global imbalances before the crisis of 2008? », International Economics, 143, 23-35.
Saadaoui J. (2015), « Global imbalances: Should we use fundamental equilibrium exchange rates? », Economic Modelling, vol 47, 383-398.
Papadamou S., Sidiropoulos M. and Spyromitros E. (2015), “Central Bank Transparency and the Interest Rate Channel: Evidence from Emerging Economies”, Economic Modelling, 48, 167-174, 2015.
Barbier-Gauchard A & Saadaoui J. (editors). (2015) “The euro crisis: Where do we stand? Special Issue of Brussels Economic Review 58(1&2) Spring-Summer, pp. 1-183, 2015 with contributions of Ansgar Belke, Catherine Mathieu & Henry Sterdyniak, Thierry Betti, Paolo D’imperio, Thomas Coudert, Vivien Djiambou: https://ssrn.com/abstract=3445439

2014

Barbier-Gauchard A. , De Palma F. and Diana G. (2014), « Why should Southern economies stay in the Euro Zone ? The role of labor markets », Economic Modelling, vol 43, p. 201-208.
Barbier-Gauchard A. (2014), « Le déficit structurel : un indicateur riche d’enseignements », Revue Gestion & Finances Publiques, n° 1/2, janvier/février.
Papadamou S., Sidiropoulos M. and Spyromitros E. (2014), “Central bank credibility aspects and macroeconomic performance”, Eastern European Economies, 52(4), pp. 5-31.
Papadamou S., Sidiropoulos M. and Spyromitros E. (2014), “Does monetary policy transparency affect stock market volatility?”, Journal of International Financial Markets, Institutions and Money, 31, pp. 362-377.

2013

Aflouk N., Mazier J. and Saadaoui J. (2013), « On the determinants of exchange rate misalignments.», Applied Economics Letters, 20(18), 1608-1610.
Dai M. (2013), “In search of an optimal strategy for yuan’s real revaluation”, Journal of Chinese Economic and Business Studies, 11(1), 29-46,
Duwicquet V., Mazier J. and Saadaoui J. (2013), « Désajustements de change, fédéralisme budgétaire et redistribution. Comment s’ajuster en union monétaire ? », Revue de l’OFCE, 127, 57-96.
Sidiropoulos M., Spyromitros E. and Qin L. (2013), “Robust Monetary Policy under Model Uncertainty and Inflation Persistence”, Economic Modelling, vol. 30, pp. 721-728.

2012

Dai M. and Spyromitros E. (2012), “A note on monetary policy, asset prices, and model uncertainty,” Macroeconomic Dynamics 16(5), 777-790, November.
Dai M. and Spyromitros E. (2012), “Inflation contract, central bank transparency and model uncertainty”, Economic Modelling 29, 2371–2381, November.
Dai M. (2012), “External constraint and financial crises with balance sheet effects”, International Economic Journal, Volulme 26, Issue 4, November.
López-Villavicencio A., Mazier J. and Saadaoui J. (2012), « Dimension temporelle et taux de change d’équilibre. Une application au cas des États-Unis.», Revue économique, 63(3), 535-544.
López-Villavicencio A., Mazier J. and Saadaoui J. (2012), « Temporal dimension and equilibrium exchange rate: A FEER/BEER comparison.», Emerging Markets Review, 13(1), 58-77.
Krichen R., Trabelsi J. and Vérez J.-C. (2012), “Les disparités et les inégalités dans l’éducation : Application à l’Algérie, l’Egypte, la Tunisie et la Turquie”, Maghreh-Machrek, n° 11, pp. 1-15.
Diebolt C., Parent A. and Trabelsi J. (2012), “Revisiting the 1929 Crisis: Was the Fed Pre-Keynesian? New Lessons from the Past”, Historical Social Research. An International Journal for the Application of Formal Methods to History, 37 (2), pp. 280-297.

2011

Dai M. (2011), “Financial market imperfections and monetary policy strategy,” Economic Modelling, 28, 2609–2621, November.
Dai M. and Sidiropoulos M. (2011), “Fiscal disciplining effect of central bank opacity: Stackelberg versus Nash equilibrium,” Economics Bulletin , Vol. 31 No. 4, 3068-3076, November 2011 .
Dai M. and Sidiropoulos M. (2011), “Monetary and fiscal policy interactions with central bank transparency and public investment,” Research in Economics, vol. 65(3), pages 195-208, September.
Dai M. (2011), “Règle de taux d’intérêt et politique d’assouplissement quantitatif avec un rôle pour la monnaie,” Economie Appliquée, tome LXIV, n°1, p. 119-148, avril.
Saadaoui J. (2011), « Exchange rate dynamics and fundamental equilibrium exchange rates. », Economics Bulletin, 31(3), 1993-2005.
Trabelsi J, Unsaldi L. and Vérez J.-C. (2011), “Les disparités sociales dans l’éducation: cas de la Turquie”, Région et Développement, n° 34, pp.113-139.
Diebolt C., Parent A. and Trabelsi J. (2011), “Comment la croissance américaine aurait-elle réagi à une politique monétaire expansionniste en 1929 ? Les enseignements d’une simulation SVAR”, Revue économique, Volume 62, n° 6, pp. 1081-1093.

2010

Dai M. (2010), “Multiplicative uncertainty, central bank transparency and optimal degree of conservativeness,” Economics Bulletin, Vol. 30 no.3 pp. 1720-1726, July.
Dai M. (2010), “Financial volatility and optimal instrument choice: A revisit to Poole’s analysis,” Economics Bulletin, Vol. 30, no.1 pp. 605-613, February.
Dai M. and Spyromitros E. (2010), “Accountability and Transparency about Central Bank Preferences for Model Robustness,” Scottish Journal of Political Economy, Vol. 57, No. 2, pages 212-237, May.
Sidiropoulos M., Spyromitros E. and Qin L. (2010), “Monetary Policy with Uncertain Central Bank Preferences for Robustness”, Bulletin of Economic Research, vol. 62(2), pp. 197-208.
Sidiropoulos M . and Sufian Eltayeb M. (2010), “Another Look at the Determinants of Foreign Direct Investment in MENA Countries: An Empirical Investigation”, Journal of Economic Development, 35(2), pp. 75-95.
Sidiropoulos M . and Sufian Eltayeb M. (2010), “Does Workers’ Remittances Affect Growth: Evidence from Seven MENA Labor Exporting Countries”, International Research Journal of Finance and Economics, 46, pp. 181-194.

Publication of research monographs or chapters in collective volumes

Mazier J. & Saadaoui J. (2020),”Exchange rate misalignments and global imbalances. In Global Imbalances and Financial Capitalism, London: Routledge, pp. 38-70, 2020. DOI: 10.4324/9780429437786-4.
Mazier J. ,Duwicquet V. & Saadaoui J. (2020)”From the European Monetary System to the single currency trap. In Global Imbalances and Financial Capitalism,” London: Routledge, pp. 109-146, 2020. DOI: 10.4324/9780429437786-7.
Mazier J. , Saadaoui J. & Valdecantos S. (2020) “Exploring monetary cooperation in East Asia. In Global Imbalances and Financial Capitalism”, London: Routledge, pp. 239-270, 2020. DOI: 10.4324/9780429437786-11.
Barbier-Gauchard A. (2008), L’intégration budgétaire européenne – Enjeux et perspectives pour les finances publiques européennes, éditions De Boeck.
Barbier-Gauchard A. (2016), « The impact of the global economic crisis in the economic governance in the EU », in Roukanas and Skilas (eds.), Greek Political Economy 2000-2015, p. 287-202, Eburon edition.
Sidiropoulos M. (2016), « Economic policy impetus to post-EMU Greece’s economic growth », in Roukanas and Skilas (eds.), Greek Political Economy 2000-2015, p. 241-251, Eburon edition.
Dai M. (2015), « Les marchés financiers et la politique monétaire de la BCE », in Dévoluy M. and Koenig G. (eds.) Les Politiques économiques européennes, Éditions Points.
Dai M. (2015), « Politique Agricole Commune en Europe : vers la libéralisation des marchés et le développement durable », in Dévoluy M. and Koenig G. (eds.) Les Politiques économiques européennes, Éditions Points.
Barbier-Gauchard A. (2015), « fiscal federalism », in Lambert-Abdelgawad E. and Michel H.(dir.), Dictionary of European Actors, Editions Larcier.
Barbier-Gauchard A. (2015), « financing », in Lambert-Abdelgawad E. and Michel H.(dir.), Dictionary of European Actors, Bruxelles, Eidtions Larcier.
Duwicquet V., Mazier J., Petit P. et Saadaoui J. (2015), « The future of the euro. » in S. Fadda S. and Triadic P. (eds.), The Economic Crisis in Social and Institutional Context: Theories, Policies and Exit Strategies, Routledge Advances in Heterodox Economics.

BETA Working Papers

2024

A. Borsato & P. Llerena (2024),«Inside the Biotech. A dialogue between Rosenberg, Babbage, Smith, and Schumpeter», Working Paper 2024-54
A. Borsato, V. Erasmo & A. Lorentz (2024),«The University and the Prince: Public funds shaping university trajectories», Working Paper 2024-51
T. Metz (2024),«New fiscal transparency index and public debt borrowing costs», Working Paper 2024-50
A. Barbier-Gauchard & E. Sofianos (2024),«Forecasting Public Debt in the Euro Area Using Machine Learning: Decision Tools for Financial Markets», Working Paper 2024-47
P. Llerena, C. Lobet & A. Lorentz (2024),«Two halves don’t make a whole: instability and idleness emerging from the co-evolution of the production and innovation processes», Working Paper 2024-45
R. Frecheville-Faucon & A. Simon (2024),«Reallocating the Clock: How public services are shaping women’s time use in Europe», Working Paper 2024-42
A. Ebeling (2024),«ECB’s Climate Speeches and Market Reactions», Working Paper 2024-38
J. Aizenman, D. Park, I. A. Qureshi, J. Saadaoui & G. S. Uddin (2024),«The performance of emerging markets during the Fed’s easing and tightening cycles: a cross-country resilience analysis.», Working Paper 2024-26
H. Oriola & J. Saadaoui (2024),«How do geopolitical interests affect financial markets reaction to international institution projects?», Working Paper 2024-25
S. Ligonnière & S. Ouerk (2024),«The unequal distribution of credit: Is there any role for monetary policy?», Working Paper 2024-19
A. Afonso, V. Mignon & Jamel Saadaoui (2024),«On the time-varying impact of China’s bilateral political relations on its trading partners: “doux commerce” or “trade follows the flag”?», Working Paper 2024-17
W. Ginn &J. Saadaoui (2024), «Monetary Policy Reaction to Geopolitical Risks: Some Nonlinear Evidence», Working Paper 2024-16
Lesuisse P. (2024), «Education, public expenditure and economic growth under the prism of performance», Working Paper 2024-10
Chrysanthopoulou X., Mylonidis N. & Sidiropoulos M. (2024), «Regulatory capital requirements, inflation targeting, and equilibrium determinacy», Working Paper 2024-05

2023

Cai Y., Saadaoui J. & Wu Y. (2023) «Political Relations and Trade: New Evidence from Australia, China and the United States», Working Paper 2023-24
Borsato A. & Lorentz A. (2023), «Open Science vs. Mission-oriented Policies and the Long-run Dynamics of Integrated Economies: An Agent-based Model with a Kaldorian Flavour», BETA Working Paper 2023-17
Mignon V. & Saadaoui J. (2023) «How Political Tensions and Geopolitical Risks Impact Oil Prices?», Working Paper 2023-15
Ahmed R., Aizenman J., Saadaoui J. & Uddin G.Z.(2023) «On the Effectiveness of Foreign Exchange Reserves during the 2021-22 U.S. Monetary Tightening Cycle», Working Paper 2023-13
Borsato A. & Lorentz A. (2023), «The Kaldor-Verdoorn Law at the Age of Robots and AI», BETA Working Paper 2023-12

2022

Borsato A. & Lorentz A. (2022), «The Kaldor-Verdoorn Law’s at the Age of Robots and AI», BETA Working Paper 2022-10
Ebeling A. (2022), « European investment Bank loan appraisal, the EU climate bank ? », BETA Working Paper 2022-10

2021

Baret K. (2021), « Fiscal rules’ compliance and Social Welfare », BETA Working Paper 2021-50
Cai Y., & Saadaoui J. (2021) « Fourier DF Unit Root Test for R&D Intensity of G7 Countries », BETA Working Paper 2021-34, 31 pages.
Ho S-H. & Saadaoui J. (2021), « Bank credit and economic growth: a dynamic threshold panel model for ASEAN countries », BETA Working Paper no 2021-24.
Jara X.H. & Simon A. (2021), « The income protection role of an EMU-wide unemployment insurance system: the case of atypical workers », BETA Working Paper no 2021-16
Baret K., Barbier-Gauchard A. & Papadimitriou T. (2021), « Forecasting the Stability and Growth Pact compliance using Machine Learning », BETA Working Paper no 2021-01.

2020

Ho S-H. & Saadaoui J. (2020), « Bank credit and short-run economic growth: a dynamic threshold panel model for ASEAN countries », BETA Working Paper no 2020-48.
Thommen Y. (2020), « Reforms of Collective Bargaining Institutions in European Union Countries: Bad Timing, Bad Outcomes? », BETA Working Paper no 2020-47.
Barbier-Gauchard A. (2020), «Blueprint for the European Fiscal Union: State of knowledge and Challenges», BETA Working Paper no 2020-39.
Barbier-Gauchard A., Dai M., Mainguy C., Saadaoui J., Sidiropoulos M., Terraz I. & Trabelsi J..(2020)
“Towards a more resilient European Union after the COVID-19 crisis“. BETA Working Paper 2020-33 (2020).
Barbier-Gauchard A., Betti T. and De Palma F. (2020), «Monetary policy with weakened unions », BETA Working Paper no 2020-26
Betti T. (2020), «Fiscal transfers in a two-level fiscal framework: stabilizing properties according to the fiscal instrument », BETA Working Paper no 2020-11.
Dicharry B. and Stiblarova L. (2020), «How to Make EMU Closer? Role of EU Funds in Synchronizing Business Cycles», BETA Working Paper no 2020-03.

2019

Ho S. et Saadaoui J. (2019), «Symmetric and asymmetric effects of exchange rates on money demand: Empirical evidence from Vietnam?», BETA Working Paper no 2019-49.
Baret K. et Papadimitriou T. (2019), «On the Stability and Growth Pact compliance: what is predictable with machine learning? », BETA Working Paper no 2019-48.
Barbier-Gauchard ., Baret K., Minea A. (2019) «National Fiscal Rules Adoption and Fiscal Discipline in the European Union», BETA Working Paper no 2019-40.
De Palma F. et Thommen Y. (2019), « Employment protection reform in European labor markets: the collective bargaining regime matters », BETA Working Paper no 2019-16.

2018

Barbier-Gauchard A. et Mazuy N. (2018), «Country-specific fiscal reaction functions: what lessons for EMU ?», BETA Working Paper no 2018-28.

2017

Dai M. and Sidiropoulos M. (2017), «How multiplicative uncertainty affects the tradeoff between information disclosure and stabilisation policy?», BETA Working Paper no 2017-15.

2016

André M. and Dai M. (2016), «Learning, robust monetray policy and the merit of precaution», BETA Working Paper no 2016-54.
Saadaoui J. (2016), «Post-Brexit FEER », BETA Working Paper no 2016-51.
Duwicquet V., Mazier J. and Saadaoui J. (2016), « Interest rates, eurobonds and intra-European exchange rate misalignments: The challenge of sustainable adjustments in the eurozone. », BETA Working Paper no 2016-19.
Cheng J., Dai M. and Dufourt F. (2016), « Banking Crisis, Moral Hazard and Fiscal Policy Responses », BETA Working Paper no 2016-06.

2015

André M. and Dai M. (2015), « Central accountability under adaptive learning.», BETA Working Paper no 2015-32.
Barbier-Gauchard A., Le D.-A., Le Van C. and Nguyen-Van P. (2015), « Government expenditure, external and domestic public debts, and economic growth», BETA Working Paper no 2015-25.
Cheng J., Dai M. and Dufourt F. (2015), “The banking crisis with interbank market freeze,” BETA Working Paper no 2015-20.
Betti T. and Coudert T. (2015), « How can the labor market accounts for the effectiveness of fiscal policy over the business cycle? », BETA Working Paper no 2015-16.
Barbier-Gauchard A., Betti T. and Diana G. (2015), « Spillover effects in a monetary union: Why the fiscal policy instrument matters ? », BETA Working Paper no 2015-02.

2014

Betti T. (2014), « The effects of Public Expenditure Shocks on the Labor Market in the Euro-Area: A theoretical assessment. », BETA Working Paper no 2014-21.
Barbier-Gauchard A., de Palma F. and Diana G. (2014), « How to stabilize inflation without damaging employment: Strenghtening the power of unions », BETA Working Paper no 2014-14.
Cheng J., Dai M. and Dufourt F. (2014), “Banking and sovereign debt crises in a monetary union without central bank intervention”, BETA Working Paper no 2014-05.
Dai M., Sidiropoulos M. and Spyromitros E. (2014), « Fiscal policy, institutional quality and central bank transparency », BETA Working Paper no 2014-04.

2013

Dai M., Dufourt F. and Zhang X. (2013), “Large Scale Asset Purchases with segmented mortgage and corporate loan markets,” BETA Working Paper no n°2013-20.
Betti T. (2013), « Implementing a Fiscal Transfer Mechanism in a Heterogeneous Monetary Union: A DSGE approach. », BETA Working Paper no 2013-19.
Saadaoui J. (2013), « Global imbalances and capital account openness: An empirical analysis.», BETA Working Paper no 2013-15.
Saadaoui J. (2013), « Global imbalances: Should we use fundamental equilibrium exchange rates?», BETA Working Paper no 2013-14.
Barbier-Gauchard A., de Palma F. and Diana G. (2013), « Why could Northern labor-market flexibility save the eurozone ? », BETA Working Paper no 2013-09.
Dai M. and Zhang X. (2013), « Central bank transparency with the cost channel », BETA Working Paper no 2013-06

2012

Dai M. (2012), “Static and Dynamic Effects of Central Bank Transparency,” BETA Working Paper no 2012-08.
Barbier-Gauchard A., de Palma F. and Diana G. (2012), « Currency devaluation with dual labor market : Which perspectives for the Euro Zone ? », BETA Working Paper no 2012-04.

2011

Dai M. (2011), “Motivations and strategies for a real revaluation of the Yuan,” BETA Working Paper no 2011-23.
Dai M. and Sidiropoulos M. (2011), “Fiscal disciplining effect of central bank opacity: Stackelberg versus Nash equilibrium,” BETA Working Paper no 2011-17.
Dai M. (2011), « Règle du taux d’intérêt et politique d’assouplissement quantitatif avec un rôle pour la monnaie, » BETA Working Paper no 2011-05.
Dai M. (2011), « Quelques Réflexions sur la Réévaluation du Yuan, » BETA Working Paper no 2010-26.

2010

Dai M. (2010), “External constraint and financial crises with balance sheet effects,” BETA Working Paper no 2010-23.
Dai M. and Sidiropoulos M. (2010), “Monetary and fiscal policy interactions with central bank transparency and public investment,” BETA Working Paper no 2010-21.
Dai M. (2010), “Financial market imperfections and monetary policy strategy,” BETA Working Paper no 2010-19.
Dai M. (2010), « Implications de l’imperfection des marchés financiers pour la politique monétaire », BETA Working Paper no 2010-15.