Many problems ask a question that can be formulated as a causal question: what would have happened if...? For example, would the person have had surgery if he or she had been Black? To address this kind of questions, calculating an average treatment effect (ATE) is often uninformative, because one would like to know how much impact a variable (such as the skin color) has on a specific individual, characterized by certain covariates. Trying to calculate a conditional ATE (CATE) seems more appropriate. In causal inference, the propensity score approach assumes that the treatment is influenced by $$\boldsymbol{x}$$x, a collection of covariates. Here, we will have the dual view: doing an intervention, or changing the treatment (even just hypothetically, in a thought experiment, for example by asking what would have happened if a person had been Black) can have an impact on the values of $$\boldsymbol{x}$$x. We will see here that optimal transport allows us to change certain characteristics that are influenced by the variable whose effect we are trying to quantify. We propose here a mutatis mutandis version of the CATE, which will be done simply in dimension one by saying that the CATE must be computed relative to a level of probability, associated to the proportion of x (a single covariate) in the control population, and by looking for the equivalent quantile in the test population. In higher dimension, it will be necessary to go through transport, and an application will be proposed on the impact of some variables on the probability of having an unnatural birth (the fact that the mother smokes, or that the mother is Black).

How much do weather shocks matter? The literature addresses this question in two isolated ways: either by looking at long-term effects through the prism of calibrated theoretical models, or by focusing on both short and long terms through the lens of empirical models. We propose a framework that reconciles these two approaches by taking the theory to the data in two complementary ways. We first document the propagation mechanism of a weather shock using a Vector Auto-Regressive model on New Zealand Data. To explain the mechanism, we build and estimate a general equilibrium model with a weather-dependent agricultural sector to investigate the weather’s business cycle implications. We find that weather shocks: (i) explain about 35% of GDP and agricultural output fluctuations in New Zealand; (ii) entail a welfare cost of 0.30% of permanent consumption; (iii) critically increases the macroeconomic volatility under climate change, resulting in a higher welfare cost peaking to 0.46% in the worst case scenario of climate change.

The digital age allows data collection to be done on a large scale and at low cost. This is the case of genealogy trees, which flourish on numerous digital platforms thanks to the collaboration of a mass of individuals wishing to trace their origins and share them with other users. The family trees constituted in this way contain information on the links between individuals and their ancestors, which can be used in historical demography, and more particularly to study migration phenomena. The case of 19th century France is taken as an example, using data from the family trees of 238,009 users of the Geneanet website, or 2.5 million (unique) individuals. Using the geographical coordinates of the birthplaces of 25,485 ancestors born in France between 1800 and 1804 and those of their descendants (24,516 children, 29,715 grandchildren and 62,165 great-grandchildren), we study migration between generations at several geographical scales. We start with a broad scale, that of the departments, to reach a much finer one, that of the cities. Our results are consistent with those of the literature traditionally based on the parish or civil status registers. The results show that the use of collaborative genealogy data not only makes it possible to support previous findings of the literature, but also to enrich them.

Cet article évalue dans quelle mesure la crise financière de 2007 a affecté la mise en œuvre d’une politique monétaire conventionnelle dans la zone euro. Cette question est abordée dans un cadre théorique reprenant le modèle de synthèse de la nouvelle économie keynésienne qui prévalait avant la crise de 2007. On observe que la crise a fortement réduit la performance de la politique conventionnelle après la détérioration de l’arbitrage entre la variance de l’inflation et celle de l’activité (telle que définie par la courbe de Taylor), et après la dégradation de son efficacité (telle que mesurée à partir de l’écart à la courbe de Taylor provenant d’une forte augmentation de la contribution de l’output gap). Les valeurs de taux d’intérêt simulées par notre modèle montrent que la BCE aurait dû fixer des taux d’intérêt inférieurs à ceux observés, qui plus est négatifs en fin de période. De nouveaux instruments non conventionnels s’avèrent de fait nécessaires afin de suppléer à une pratique de la politique monétaire qui était centrée prioritairement sur la stabilité des prix, dans un environnement macroéconomique calme.