Families often play a significant role in representative democracies. In this paper, we test the extent to which dynastic and non-dynastic leaders differ in their policy making. Our empirical analysis focuses on local politics in Italy, using a large sample of mayors and mayoral candidates in...

Can a small scale inflow of migrants affect electoral outcomes? We study whether the relocation of migrants from the Calais "Jungle" to temporary migrant-centers (CAOs) in France affected the results of the 2017 presidential election. Using an instrumental variables approach that relies on the...

Large migrant inflows have spurred anti-immigrant sentiment, but can small inflows have a different impact? We exploit the redistribution of migrants after the dismantling of the \Calais Jungle" in France to study the impact of the exposure to few migrants, which we estimate using...

The role of financial crises in boosting populism has been well documented. Yet the specific mechanisms through which this occurs remain elusive. This paper studies how populist candidacies were fueled by a public financial scandal, triggered by market volatility and financial deregulation....

In this paper, we provide a wide set of results which point toward a better understanding of the role of political dynasties in representative democracies. Our empirical analysis focuses on local politics in Italy, using a large sample of mayors and mayoral candidates in the period 1998-2012. We...

In this paper, we present an updated version of the reference model used at Banque de France to forecast inflation: MAPI (Model for Analysis and Projection of Inflation). While the conceptual framework of the model remains very close to its initial version, our update takes stock of three...

The ongoing energy transition from fossil fuels to renewable energies could have contrasting effects on African economies, particularly through increased extrac- tion of metals critical to this transition. This paper describes the opportunities and challenges posed by the development of...