The Banque de France's research seminars present papers on economics or financial stability, including those those within the Bank's partnership with TSE.
The Banque de France's research seminars present a paper on economics or financial stability by:
- a researcher #BdFeco, in which case they last 1h30 and give rise to a Banque de France Working Paper;
- a visiting researcher, particularly those within the framework of the Bank's research partnership with TSE.
Our seminars are in English but are open to a specialized public (masters or doctoral students welcome) subject to prior registration (48h) with: email@example.com. The thematic conferences, which bring together several research papers, can be found on this page. For banking and insurance supervision, see the ACPR Research Events page
Athanasios Orphanides (MIT)
Bertrand GARBINTI (Banque de France), “Financial Constraints and Self-Employment in France, 1945-2014”, discussed by David Thesmar (MIT)
Jordan Roulleau-Pasdeloup (Singapor U)
Charles O'Donnell (Banque de France), “Explaining the External Finance Premium“
Vivian Yue (Emory University and Federal Reserve Bank of Atlanta)
Adrian Penalver (Banque de France), Cars Hommes (University of Amsterdam), “An experimental analysis of the effect of Quantitative Easing”, discussed by Cars Hommes
Rama Cont (Imperial College London), “Fire sales, indirect contagion and systemic stress testing”
Jesper Lindé (Sveriges Riksbank), “DSGE Models: Still useful in policy analysis?”
Rui Pedro Esteves (University of Oxford), “The Rise of ‘New Corruption’: British MPs during the Railway Mania of 1845”
Luigi Iovino (Bocconi), “Central Bank Balance Sheet Policies without Rational Expectations”
Ricardo Reis (London School of Economics and Political Science), “Achieving Price Stability by Manipulating the Central Bank's Payment on Reserves“
Jérémie Cohen-Setton (Peterson Institute for International Economics), “Large Fiscal Expansions in OECD Countries: Identification and Effects”
Amber Anand (Syracuse University), “Do Buyside Institutions Supply Liquidity in Bond Markets? Evidence from Mutual Funds”
Gilles Chemla (Imperial College Business School & DRM/CNRS), “Learning through crowdfunding”
Hervé Le Bihan (Banque de France), “The optimal inflation target and the natural rate of interest”, discussed by Raf Wouters (NBB)
Katja Schmidt (Banque de France), “Inflation forecasts in the euro area: New Insights from Phillips Curves and quantile regressions”, discussed by Elen Bobeica (BCE)
Mattia Girotti (Banque de France), “Coarse Credit Ratings, Corporate Financing, and Real Outcomes”
Théo Nicolas (Banque de France), “Relationship Lending and SMEs’ Funding Costs Over the Cycle: Why Diversification of Borrowing Matters”, discussed by Patrick Sevestre (AMSE)
Francisco Ruge-Marcia (McGill University) : Extreme Events and Optimal Monetary Policy
Florian Pelgrin (EDHEC Business School), “Cross-sectional Heterogeneity and the aggregate process in Dynamic rational Expectation Models”
Rafael Cezar, Maéva Silvestrini (Banque de France), "Impact of the ECB Quantitative Easing on the French International Investment Position", discussed by Paul Hubert (OFCE)
Sascha Steffen (Frankfurt School of Finance & Management), "Cutting Out the Middleman – The ECB as Corporate Bond Investor"
Oleksiy Kryvtsov (Banque du Canada), "Price Selection"
Erwan Gautier (Banque de France), "Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model", discussed by O. Kryvstov (Banque du Canada)
Alphonse Noah (Banque de France - Université de Nanterre), Mohammed Chaffai (Université de Sfax – Tunisie), "Credit risk and Bank competition in Sub Saharan Africa. Technology Gap, Managerial Efficiency and Ownership: Evidence From the Banking System in MENA"
Tatjana Dahlhaus (Bank of Canada), "Asymmetries in Monetary Policy Uncertainty: New Evidence from Financial Forecasts"
Philippe Andrade, Filippo Ferroni (Banque de France), "Delphic and Odyssean monetary policy shocks : News from the euro area", discussed by R. Gurkaynak (Bilkent University)
Pierre-Olivier Weill (UCLA), "Financial Intermediation and asset pricing with imperfect collateral"
Vincenzo Quadrini (U. of Southern California), "Banks Interconnectivity and Leverage"
Luigi Paciello (EINAUDI), "Aggregate Consumption Flows"
Dilyara Salakhova, Thibaut Piquard (Banque de France), "Interbank money markets and monetary policy implementation"
Andrea Vedolin (Boston U.), "Central Bank Communication and the Yield Curve"
Eric Jondeau (HEC Lausanne), "A general equilibrium appraisal of capital shortfalls", discussed by Laurent Clerc (Banque de France)
Jasmina Arifovic (University of Vancouver), "Central Bank Communication and Evolution of Heterogenous Expectations"
Adrien Auclert (Stanford), "Inequality and Aggregate Demand"
Rafaël Cezar, Maéva Silvestrini (Banque de France), "Impact of the ECB Quantitative Easing on the French International Investment Position", discussed by Paul Hubert (OFCE)
Alexandre Kohlhas (IIES Stockholm University), “Learning by Sharing”
Roger Nord (FMI), "Perspectives économiques régionales pour l’Afrique"
Claire LELARGE (Banque de France), "Firm Size and the Intensive Margin of Import Demand", discussed by Gregory Corcos (Ecole polytechnique)
Neeltje van Horen (Bank of England), “Foreign Banks and Trade“
David Baqaee (LSE), “Productivity and Misallocation in General Equilibrium”
Alistair Dieppe (BCE), paper title to be announced
Hans Degryse (KU Leuven & Bundesbank), Johannes Bersch, Thomas Kick and Ingrid Stein, «The Real Effects of Bank Distress: Evidence from Bank Bailouts in Germany»
Co-Pierre Georg (University of Cape Town & Deutsche Bundesbank), “The real effect of financial networks”
Julio A. Blanco (U. Michigan), “Price rigidities and the relative PPP”
Thibault Libert (BdF), “Misallocation before, during and after the Great Recession”, discussed by Fabrizio Coricelli (PSE)
Christoph Grosse Steffen (BdF), “Inflation Targeting as a Shock Absorber”, discussed by Boris Hofmann (BRI)
Mark Kruger, Walter Steingress, Sri Thanabalasingam (Bank of Canada), “Is China’s Export Machine Broken?”
Frédérique Bec, Raouf Boucekkine & Caroline Jardet (BdF), “Why are inflation forecasts sticky? Theory and application to France and Germany”, discussed by Guillaume Chevillon (ESSEC)
Antoine Martin (FED NY), “Can the US Interbank Market be Revived?”
Charlotte Sandoz (PSE), “Traded Intermediate Inputs, Aggregate Productivity Growth and Allocative Efficiency?” discussed by Guillaume Daudin (Université Paris-Dauphine)
Vikram Haksar (FMI), “Fintech and Financial Services: Initial Considerations”
Inscriptions par mail asap DGEI-SEC@banque-france.fr
Christophe Cahn, Anne Duquerroy (BdF) & William Mullins, “Unconventional Monetary Policy and Bank Lending Relationships”, discussed by Guillaume Vuillemey (HEC)
Florin Bilbiie (PSE), “The New Keynesian Cross: Understanding Monetary Policy and Forward Guidance with Heterogeneous Households”
Bertrand Garbinti (BdF), Jonathan Goupille-Lebret & Thomas Piketty, “Accounting for Wealth Inequality Dynamics: Methods, Estimates and Simulations for France (1800-2014)”
Thierry Mayer, Vincent Vicard & Soledad Zignago (BdF) “The costs of Non-Europe Revisited”, discussed by Vincent Aussilloux (France Stratégie)
Jean-Paul L’huillier (EINAUDI), “Technological Revolutions and the Three Great Slumps: A Medium-Run Analysis”
Vincent Bignon (BdF) “The failure of a clearinghouse : Empirical evidence”
Matthieu Bussière (BdF), Menzie Chinn, Laurent Ferrara & Jonas Heipertz, "The new Fama puzzle"
Matthieu Bussière (BdF) & Pauline Wibaux (PSE) "Comparing the effects of tariffs and exchange rate changes on trade flows : Results from a gravity model"
Christian Glocker (Austrian Institute), Giulia Sestieri (BdF) & Pascal Towbin (Swiss National Bank) "Time-varying fiscal spending multipliers in the UK"
Frederic Boissay (BIS) "Macroeconomics of bank capital and liquidity regulations"
Vincent Legroux, Imène Rahmouni-Rousseau, Urszula Szczerbowicz & Natacha Valla (BdF)"Stabilising virtues of central banks: (re)matching bank liquidity", Discussed by Leonardo Gambacorta (BIS)
Thomas Krichel (RANEPA & Open Library Society) "RePEc: orgins, current state and directions"
Michael Bordo (Rutgers University) "A Lesson from the Great Depression that the Fed Might have Learned: A Comparison of the 1932 Open Market Purchases with Quantitative Easing"
Stéphanie Schmitt-Grohé (Columbia University) "The Twin Ds: Optimal Default and Devaluation"
Guillaume Vandenbroucke (St Louis Fed) "Demography and Productivity"
Alicia Garcia-Herrero (Natixis) "Système financier chinois"
Simon Ray (BDF) "Adjustment costs and factor demand: new evidence from firms' real estate"
Patrick Honohan (ex-gouverneur de la Banque Centrale d'Irlande) "Management and resolution of banking crises"
Maelan Le Goff (Banque de France) "Digital vulnerability and firm performances in developing and emerging economies"
Ce séminaire sera également l'occasion de la Présentation de l'Observatoire de la Compétitivité Durable, base de données développée par la FERDI, qui vise, notamment par le biais d'indicateurs statistiques innovants, à fournir un instrument de mesure de la compétitivité dans les pays en développement.
Thomas Philippon (New-York University) "Investment-less Growth: An Empirical Investigation"
Valerio Scalone (BdF) "Estimating Non-Linear DSGEs with the Approximate Bayesian Computation: An application to the Zero Lower Bound"
Pete Klenow (Standford University) "How Destructive is Innovation?"
Mathias Fengler (St Gallen University) "Textual Sentiment, option information and stock predictability"
Nicoletta Berardi (BdF) "The determinants of consumer price dispersion: Evidence from French supermarkets"
Antoine Berthou (BdF) "Banks' dollar funding and firm-level exports"
Fabio Ghironi (U. of Washington) "Protectionism and the Business Cycle"
Benoît Nguyen (BdF) & Miklos Vari (BdF) "PSPP and money market rates"
Carlo Altavilla (BCE) "Monetary policy and bank profitability in a low rate environment"
Louis De Charsonville (Banque de France), Thomas Ferrière (BdF) & Caroline Jardet (BdF) "Forecasting inflation in France"
Harld Ulhlig (University of Chicago) "Mortgage-Backed Securities and the Financial Crisis of 2008: a Post Mortem"
Romain Duval (FMI), Cyrille Schwellnus (OCDE), Antoine Luciani (INSSE) & Antonin Bergeaud (BdF) "Le futur de la productivité"
Simon Scheidegger (Zurich University ) & Ilias Bilionis (Stanford University) "Machine learning for high-dimensional dynamic stochastic economies"
Benoit Nguyen (BdF) "Illiquid Collateral and Bank Lending during the European Sovereign Debt Crisis"
Mathieu Lequien (BdF) "The Impact of Exports on Innovation: Theory and Evidence"
Michael Weber (Booth School of Business, University of Chicago) "Monetary Policy through Production Networks: Evidence from the Stock Market"
Julien Idier ( BDF) "An analytical framework to calibrate macroprudential policy "
Denis Gromb (HEC) "The paradox of pledgeability"
Bertrand Candelon (Maastricht university), Laurent Ferrara (BdF) & Marc Joets (Maastricht university) "Global financial spillovers : a non-linear assessment of the uncertainty channel"
Thorsten Beck (Cass Business School) "Bank sectoral concentration and (systemic) risk: Evidence from a worldwide sample of banks".
Adrian Penalver (BdF) "a quantitative easing experiment"
Thiago Ferreira (Federal Reserve Bank of New York) "Cross-section skewness, business cycle fluctuations and the financial accelerator channel"
Alberto Martin (CREI) "Monetary policy for a bubbly world".
Charles O'Donnell (BdF) "The interest of being eligible"
Cynthia WU (Chicago Booth) "Time-Varying Lower Bound of Interest Rates in Europe"
Edoardo Rainone (Banca d'Italia) "Pairwise trading in the money market during the european soverteign debt crisis"
Martin Guzman (Université Columbia) "Pseudo-wealth and consumption fluctuations".
Edouard Challe (Polytechnique) "Uninsured unemployment risk and optimal monetary policy".
Stéphane Dees (European Central Bank) " Présentation du modèle STAMP€"
Mark Watson (Princeton University) "Long-Run Covariability"
Yoosoon Chang (Indiana University) "Endogenous Monetary-Fiscal Regime Change in the United States".
Olivier De Jonghe (Tilburg University) "Bank Capital (Requirements) and Credit Supply: evidence from Pillar 2 decisions".
Ulrich Volz (University of London & Fondation France-Japon) "Bond Yield Spillovers from Major Advanced Economies to Emerging Asia"
Bruno Biais (Toulouse School of Economics) "The blockchain folk theorem"..
Philip Turner (BIS) "Leaning against the wind: the last crisis and (?) the next"
Rémy Lecat (BdF) "Long-term growth and productivity projections in advanced countries"
Fulvio Pegoraro (BdF) "Affine Modelling of Credit Risk, Pricing of Credit Events and Contagion"
Aysegul Sahin (NY Fed) "Demographic Origins of the Startup Deficit".
Stefano Eusepi (NY Fed) "Anchored Inflation Expectations".
Florian Heider (ECB) "Life Below Zero: Bank Lending Under Negative Policy Rate".
Laura Hering (Erasmus University Rotterdam) "How effective are VAT export taxes? Evidence from China"
Daniele Siena (BdF) "Can fiscal budget-balanced reforms stimulate growth? Model based results"
Antoine Lepetit (BdF) "Asymmetric Unemployment Fluctuations and Monetary Policy Trade-offs"
Marc Kruger (Banque du Canada) "What to Expect When China Liberalizes Its Capital Account"
Banque de France, EHESS, PSE "Monetary Policy When Heterogeneity Matters".
Laurent Ferrara (BdF) "Common Factors of Commodity Prices"
Stéphane Dées & Selin Özyurt (BCE) "Banks' margins and profitability in a negative interest rate environment: Early evidence from euro area data"
Patrick Pintus (BdF) "Could long-term investment in infrastructure ameliore inequlity?"
William Arrata & Benoît Nguyen (BdF) "One year of European QE: Evidence from the French bond market"
Julien Matheron (BdF) "Assessing the macroeconomic effects of LTROS during the Great Recession"
Tuesday, December 20, 2016 11h30-12h30
Axelle Ferriere (European University Institute) “The Heterogeneous Effects of Government Spending: It’s All About Taxes”
Wednesday, November 30, 2016 14h30-16h00
Sarah Mouabbi (Banque de France) «The Joint Dynamics of the U.S. and Euro Area Inflation: Expectations and Time-varying Uncertainty»
Tuesday, November 29, 2016 14h30-16h00
Rafael Cezar (Banque de France) «The competition for global value added: export and domestic market shares»
Wednesday, November 23, 2016 14h30-16h00
Klodiana Istrefi (Banque de France) «Subjective Interest Rate Uncertainty and the Macroeconomy: A cross-country analysis»
Monday, November 14, 2016 16h00-18h00
Carlos Arteta (Banque Mondiale) «Negative Interest Rate Policies: Sources and Implications»
Thursday, November 10, 2016 10h00-11h00
Gian Maria Milesi-Ferretti (IMF) «International Financial Integration in the Aftermath of the Global Financial Crisis »
Wednesday, October 26, 2016 14h30-16h
Urszula Szczerbowicz (Banque de France) «Disaster Risk and Preference Shifts in a New Keynesian Model »
Friday, October 21, 2016 11h30-12h30
Douglas Campbell (New Economic School, Moscow) «Relative Prices, Hysteresis, and the Decline of American Manufacturing»
Thursday, October 20, 2016 11h-12h30
Takeki Sunakawa (University of Tokyo) « Sustainable International Monetary Policy Cooperation»
Monday, October 3, 2016 14h30-16h
Barbara Castelletti & Pierrick Clerc (Banque de France) «Should the CICE-PRS have been focused on capital income taxes? Some answers based on a general equilibrium approach »
Monday, October 3, 2016 11h30-12h30
Pierre Bachas (Princeton) « Banking on Trust: How Debit Cards Enable the Poor to Save More »
Monday, September 26, 2016 11h30-12h30
Clément Malgouyres (Banque de France) « The Impact of Chinese Import Competition on the Local Structure of Employment and Wages: Evidence from France »
Friday, September 23, 2016 14h15-15h45
Simon Ray (Banque de France) « Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets»
Wednesday, September 21, 2016 14h30-16h00
Rodolphe Desbordes (University of Strathclyde) « Determinants of the current account: evidence from Bayesian Model Averaging»
Tuesday, September 20, 2016 16h00-17h00
Jamie McAndrews (Federal Reserve Bank of New York) « Floor Systems and the Friedman Rule: The Fiscal Arithmetic of Open Market Operations»
Thursday, September 15, 2016 16h00-17h30
Olivier Blanchard (Peterson Institute) in the context of the BDF / PES Chair «Currency Wars, Coordination, and Capital Controls».
Friday, September 2, 2016 10h30-12h00
Marc Joëts (Banque de France) «Does the volatility of commodity prices reflect macroeconomic uncertainty?»
Monday, August 22, 2016 15h00-16h30
Julia Schmidt & Matthieu Bussière (Banque de France) «International Banking and Cross-Border Effects of Regulation: Lessons from France»
Wednesday, August 10, 2016 14h30-16h00
Virginie Coudert & Julien Idier (Banque de France) «An early Warning System for Macro-prudential Policy in France»
Thursday, June 9, 2016 11h00-12h00
Matthieu Lemoine (Banque de France) « Fiscal Consolidation Under Imperfect Credibility »
Wednesday 1 June 2016 11h00-12h00
François Koulischer (Banque de France) « The collateral channel of open market operations »
Monday, May 30, 2016 11h30-12h30
Lutz Kilian (Université Michigan) « A General Approach to Recovering Market Expectations from Futures Prices with an Application to Crude oil»
Thursday, May 26, 2016 14h30-16h00
Hess Chung (Federal Reserve Board) « The Natural vs. Neutral Rate of Interest: Measurement and Policy Impli »
Wednesday, May 25, 2016 14h30-16h00
Adrian Penalver (Banque de France) « Optimal monitoring of long-term loans contracts »
Wednesday, May 11, 2016 14h30-16h00
Walter Steingress (Banque de France) « Trade and price elasticities: product-level evidence »
Monday, May 2, 2016 10h30-11h30
Sébastien Lechevalier & Brieuc Monfort (EHESS) « les leçons de l’expérience japonaise »
Wednesday, April 27, 2016 14h30-16h00
Mélika Ben Salem & Barbara Castelletti (Banque de France) « Protectionism and the Education Fertility Trade off in Late 19th century France »
Monday, April 25, 2016 14h30-16h00
Francesco Pappada (Banque de France) « Credit frictions and the cleansing effect of recessions »
Friday, April 22, 2016 14h30-16h00
Yannick Kalantzis (Banque de France) « When Money Crowds out Capital: Stagnation in a Liquidity Trap »
Wednesday, April 20, 2016 14h30-16h00
Vincent Bignon (Banque de France) « Protectionism and the Education Fertility Trade off in Late 19th century France »
Friday, April 15, 2016 14h30-16h00
François Koulischer (Banque de France) « Quantitative Easing and Portfolio Rebalancing: Evidence from Asset Holdings Data in the Euro Area »
Friday, April 15, 2016 11h30-12h30
Marianne Andries (BCE) «Asset Pricing with Horizon Dependent Risk-Aversion »
Wednesday, April 13, 201616h00-17h00
Bob Anderton (TSE) « Sectoral wage rigidities and labour and product market institutions in the euro area »
Wednesday, April 13, 2016 14h30-16h00
Éric Monnet (Banque de France) « Has Globalization Really Increased Business Cycle Synchronization? »
Wednesday, April 6, 2016 14h30-16h00
Matteo Mogliani & Thomas Ferrière (Banque de France) « Rationality, asymmetry and predictability of GDP revision. The case of France »
Tuesday, April 5, 2016 14h30-15h30
Mark Carlson (FRB/BIS) « Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending during the 2007-09 U.S. Financial Crisis »
Wednesday, March 30, 2016 14h30-16h00
Camille Thubin (Banque de France) « The PRISME model: can disaggregation on the production side help to forecast GDP?»
Wednesday, March 23, 2016
Antipa Pamfili (Banque de France) «Central Bank Balance Sheet’s, Seignorage, and Optimal Government Finance - The Bank of England, 1780-1930»
Wednesday, March 16, 2016 14h30-16h00
Sébastian Franco Bedoya (Polytechnique & CREST) & Margarita Lopez Forerot (PSE & Paris 1) « The proximity-concentration trade-off with multi-products firms : Are exports and FDI complements or substitutes ?»
Tuesday, March 15, 2016 13h30-14h30
Sabien Dobbelaere (Vrije Universiteit Amsterdam) «Micro-evidence on the relationship between product and labor market imperfections and TFP in Belgium and the Netherlands»
Monday, March 14, 2016 14h00-15h30
Alessandra Pizzo (Banque de France) «The welfare effects of tax progressivity and public insurance in a frictional labor market»
Wednesday, March 9, 2016 14h30-16h00
Eric Monnet (Banque de France) «Demographic Cycle, Migration and Housing investment: A Causal Examination»
Monday, March 7, 2016 10h00-11h30
Olivier de Bandt & Mohammed Chahad (ACPR & Banque de France) «A DSGE model to assess the post crisis regulation of universal banks»
Wednesday, March 2, 2016 14h30-16h00
Mattia Girotti (Banque de France) «How Monetary Policy Changes Bank Liability Structure and Funding Cost»
Wednesday, February 24, 2016 14h30-16h00
Angela Abbate (Bundesbank) «Monetary policy and the asset risk-taking channel»
Wednesday, February 24, 2016 11h00-12h00
Tomoyuki Shimoda (Bank of Japan) «QQE: Achievements and Challenges»
Thursday, February 18, 2016 11h30-13h00
Patrick Pintus (Banque de France) «Interest Rate Dynamics, Variable-Rate Loan Contracts, and the Business Cycle»
Wednesday, February 3, 2016 14h30-16h00
Walter Steingress (Banque de France) «Immigration to the U.S.: A problem for the Republicans or the Democrats?»
Wednesday, February 3, 2016 10h00-11h00
Alexandre Wagner (Université de Zurich) «Neglected Risk: Evidence from Structured Product Counterparty Exposure»
Thursday, January 28, 2016 14h30-16h00
Sarah Mouabbi (Banque de France) «UK Term Structure Decompositions at the Zero Lower Bound»
Wednesday, January 27, 2016 14h30-16h00
Sébastien Roux (Banque de France) «The Impact of the National Minimum Wage on Industry-Level Wage Bargaining in France»
Thursday, January 14, 2016 15h00-16h00
Spencer Krane (FED Chicago) «Risk Management for Monetary Policy Near the Zero Lower Bound»
Wednesday, January 13, 2016 14h30-16h00
Denis Fougère, Rémy Lecat & Simon Ray (Banque de France) «Real-Estate Prices and Corporate Investment: Theory and Evidence From France»
Thursday, January 7, 2016 11h30-12h30
Paul Hubert (OFCE-Sciences Po) «Policy and Macro Signals as Inputs to Inflation Expectation Formation»
Updated on: 02/23/2018 10:28