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 TERMINÉ 

Risk and Development: Households and Firms (RDHF)

Date du début: 1 mars 2014, Date de fin: 16 mars 2019,

Poor households in developing countries face low and volatile incomes, with little access to forma credit and insurance. Households often resort to informal institutions in order to smooth consumption and foster investment. The extended family could be such an institution. We test for the relevance of the extended family as a provider of resources able to smooth consumption fluctuations and promot ...
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 TERMINÉ 

Asset Prices and Macro Policy when Agents Learn (APMPAL)

Date du début: 1 juin 2013, Date de fin: 31 mai 2018,

"A conventional assumption in dynamic models is that agents form their expectations in a very sophisticated manner. In particular, that they have Rational Expectations (RE). We develop some tools to relax this assumption while retaining fully optimal behaviour by agents. We study implications for asset pricing and macro policy.We assume that agents have a consistent set of beliefs that is close, b ...
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 TERMINÉ 
The household and family structure in every major industrialized country changed in a fundamental way during the last couple of decades. First, marriage is less important today, as divorce, cohabitation, and single-motherhood are much more common. Second, female labor force participation has increased dramatically. As a result of these changes, today s households are very far from traditional brea ...
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