• Primary Program Energy Systems and Macroeconomics
  • Research Interests Macroeconomic consquences of energy policies

Biography

Olivier is a research fellow in the Energy Systems and Macroeconomics program. Previously, he was an economist at the Organisation for Economic Co-operation and Development (OECD) and at the International Energy Agency (IEA) in Paris where his activities covered macroeconomic policy analysis and applied general equilibrium modeling. He contributed to various modeling studies on the assessment of the macroeconomic, environmental and distributional consequences of energy and environmental policies. He also worked on the land-water-energy nexus and on the economic consequences of air pollution. Before he joined the OECD, Olivier worked at ENGIE, in Paris, where he developed an in-house modeling framework for quantifying global long-term energy-economy scenarios. While completing his Ph.D., he was a research assistant at the Center for Operations Research and Econometrics (CORE) in Louvain-la-Neuve, Belgium.

Publications

See all Olivier’s publications
  • Discussion papers
  • Commentary
  • KAPSARC journal articles
  • External journal articles
  • Think20 (T20)
Net Zero Emissions in Saudi Arabia by 2060: Least-Cost Pathways, Influence of International Oil Price, and Economic Consequences

Net Zero Emissions in Saudi Arabia by 2060: Least-Cost Pathways, Influence of International Oil Price, and Economic Consequences

This paper presents possible net zero emissions (NZE) trajectories for Saudi Arabia at horizon 2060 and analyzes their possible economic consequences. We use an in-house hybrid forward-looking general equilibrium model of the Saudi economy. We construct a baseline scenario where the Saudi energy sector continues its current trends and where the domestic energy prices, which are administered by the government, remain at their 2019 level.

30th November 2023
Fiscal Policy in Oil and Gas-Exporting Economies: Good Times, Bad Times and Ugly Times

Fiscal Policy in Oil and Gas-Exporting Economies: Good Times, Bad Times and Ugly Times

Revenues from oil and gas exports represent an important source of government budgets in some emerging countries. At the same time, these revenues fluctuate considerably due to changing global economic conditions and energy prices. Economic theory prescribes that governments should try to stabilize their economies by saving windfall oil and gas revenues and spending them in periods of price downturns. However, oil- and gas-exporting countries often run procyclical policies, that is, they increase spending during windfall periods and reduce it in the event of a shortfall, which may result in severe recessions. Understanding what drives the response of fiscal policy to oil and gas revenue shocks is important as it helps to explain what makes the economies of commodity exporters more or less vulnerable to commodity price shocks, and how they can adjust to price volatility and to the long-term energy transition.

4th July 2023
Policies to Nationalize the Private Sector Labor Force in a Matching Model with Public Jobs and Quotas

Policies to Nationalize the Private Sector Labor Force in a Matching Model with Public Jobs and Quotas

Gulf Cooperation Council (GCC) countries aim to employ more of their nationals in the private sector to absorb the inflow of new entrants into the labor force. They have put in place workforce nationalization policies to revert two peculiar features of their labor markets: the preference of nationals for public sector careers, and the crowding out of nationals by expatriate workers in the private sector.

15th March 2021
Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia

Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia

This paper simulates the sectoral and economy-wide consequences of deregulating energy prices in Saudi Arabia. Our analysis is based on KAPSARC’s general equilibrium energy model (KEMGE), a new hybrid computable general equilibrium model (CGE). The model examines the effects of full price deregulation, starting in 2019, on economic activity and revenue in the year 2030.

19th August 2020
Fiscal Policy for Stability in Oil-Exporting Countries: From the Old Problems to the Challenges of COVID-19

Fiscal Policy for Stability in Oil-Exporting Countries: From the Old Problems to the Challenges of COVID-19

Since the Great Recession of 2008, oil-exporting countries have had to adjust their fiscal policies to respond to larger oil price variations and increased unpredictability. This commentary provides insights into the relationship between oil prices and fiscal policies in emerging and developing (ED) oil-exporting countries. It also gives an overview of how fiscal rules and sovereign wealth funds (SWFs) can contribute to mitigating fluctuations in oil revenues and stabilizing economies. Last, it discusses the fiscal responses of oil-exporting countries to the COVID-19 crisis.

25th April 2021

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