Adrian Penalver
Deputy Director of Monetary and Financial Analysis
Current Position
Deputy Director of Monetary and Financial Analysis and researcher in macroeconomics and monetary policy
Previous Position
Economist researcher at the Bank of England (1998-2010)
Economist at the Australian Treasury (1993-1997)
Diplomas
- Paris School of Economics – PhD
- London School of Economics – MSc
- Australian National University – BA
- Macquarie University – BEc
Research Interest
macroeconomics and monetary policy
Contact
- adrian.penalver@banque-france.fr
- Banque de France, 41-1422 – DGEI - POMONE 75049 Paris Cedex 01, France
Academic publications
Articles
- Odendahl, Florens & Pagliari, Maria Sole & Penalver, Adrian & Rossi, Barbara & Sestieri, Giulia, 2024. "Euro area monetary policy effects. Does the shape of the yield curve matter?," Journal of Monetary Economics, Elsevier, vol. 147(S)
- Adrian Penalver & Daniele Siena, 2024. "The Deflationary Bias of the ZLB and the FED’s Strategic Response," Journal of Money, Credit and Banking, vol 56(1)
- Stephane Dupraz & Sophie Guilloux-Nefussi & Adrian Penalver, 2023. "A Pitfall of Cautiousness in Monetary Policy∗," International Journal of Central Banking, International Journal of Central Banking, vol. 19(3), pages 269-323, August.
- Penalver, Adrian & Hanaki, Nobuyuki & Akiyama, Eizo & Funaki, Yukihiko & Ishikawa, Ryuichiro, 2020. "A quantitative easing experiment," Journal of Economic Dynamics and Control, Elsevier, vol. 119(C).
- Haldane, Andrew G. & Penalver, Adrian & Saporta, Victoria & Shin, Hyun Song, 2005. "Analytics of sovereign debt restructuring," Journal of International Economics, Elsevier, vol. 65(2), pages 315-333, March.
Others
- Monetary policy after the fallC Bean, M Paustian, A Penalver, T Taylor Macroeconomic Challenges: The Decade Ahead, 26-28, Jackson Hole 2010
- The natural rate of interest: estimates, drivers, and challenges to monetary policy C Brand, M Bielecki, A Penalver ECB Occasional Paper
- Financial innovation: what have we learnt? N Jenkinson, A Penalver, N Vause Bank of England Quarterly Bulletin, Q3, 2008
- Whither the credit ratings industry? P Deb, MJ Manning, G Murphy, A Penalver, A Toth Bank of England Financial Stability Paper
- Fiscal rules for debt sustainability in emerging markets: the impact of volatility and default risk A Penalver, G Thwaites Bank of England Working Paper
- How can the IMF catalyse private capital flows? A model A Penalver Bank of England Working Paper
- Assessing sovereign debt under uncertainty G Ferrucci, A Penalver Financial Stability Review 15 (1), 91-99
- Optimal collective action clause thresholds A Haldane, A Penalver, V Saporta, HS Shin Bank of England Working Paper
- Clear, consistent and engaging: ECB monetary policy communication in a changing world K Assenmacher, G Glöckler, S Holton, P Trautmann, D Ioannou, S Mee, ...
- Innovation and integration in financial markets and the implications for financial stability R Hamilton, N Jenkinson, A Penalver The Structure and Resilience of the Financial System, Proceedings of a …
- The effect of payments standstills on yields and the maturity structure of international debt B Martin, A Penalver Bank of England Working Paper
- How can the IMF catalyse private capital flows? A Penalver Bank of England