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The CEPII Newsletter       
December 2015        

The French edition is slightly different as it also includes material available in French only  

Europe Monnaie & Finance Trade & Globalization Migrations Economic Policy Emerging Economies Competitivness & Growth Environment & Natural Ressources

Climate Finance in the Context of Sustainable Development

Novel ideas how to spend climate finance in a way that reduces emissions and at the same time promotes recipients’ immediate development objectives are required. In this short commentary, we propose to regard climate finance in the broader context of sustainable development. From this perspective, climate finance would enable recipient countries to combine the efficiency of emission pricing policies with the pursuit of their pressing development objectives, most importantly poverty reduction. >>>
Ottmar Edenhofer, Jan Christoph Steckel, Michael Jakob
More on COP21

Immigration and the Gender Wage Gap

Using a detailed individual French dataset, we shed lights on the strong feminization of the immigration workforce from 1990 to 2010. Our econometric analysis shows that a 10% increase in immigrant female labor supply relative to immigrant male labor supply in a given education-experience group lowers the relative earnings of female native workers of that group by 4%.
Anthony EdoFarid Toubal

Fostering Investment in the European Union
October 29 - 30, 2015

Agriculture, International Trade and Development - 2nd Workshop MAD
November 19 - 20, 2015

Migration Rights Versus Labour Migration
November 20, 2015

Brazil: the Rise and Fall
December 8, 2015

Immigration in OECD Countries - 5th Annual International Conference
December 11, 2015

COP21: Michel Aglietta and Etienne Espagne on ''Positive carbon pricing and climate finance: what stakes beyond COP21?
December 5, 2015


Oil prices and real exchange rates: what driving forces behind the adjustment

While oil supply shocks play a small role in explaining the relationship between oil prices and real exchange rates, oil demand shocks are shown to have a sizeable effect, over the 1988-2003 period. Indeed, those shocks cause time-varying relationships between real exchange rates and oil prices which, however, tend to offset each other. However, the appreciation of real exchanges rates following a demand-driven rise in oil prices is only confined to some countries, suggesting that in addition to endogenous structural changes in the oil market, both economic policies and structural characteristics matter as driving forces behind the adjustment of real exchanges rates to oil price shocks.
Valérie Mignon, Jean-Pierre Allegret, Cécile Couharde, Tovonony Razafindrabe



French exporting firms benefit from retail internationalization

According to an original dataset of about 25,000 French agri-food firms from 2004 to 2011, French firms supplying retailers in the domestic market are more likely to export and export larger volumes than non-suppliers to markets where French retailers established outlets. These firms also have a different behavior in countries where French retailers close down their activities. These results highlight the trade cost advantage of retailers’ suppliers, who benefit from their preferential relationships with the globalized retail companies.
Angela Cheptea, Charlotte Emlinger & Karine Latouche


ISSN: 1255-7072
Editorial Director : Christophe Destais
Managing Editor : Dominique Pianelli