The Banque de France's research seminars present papers on economics or financial stability, by its staff or by invited economists.
The Banque de France's research seminars present a paper on economics or financial stability by:
- a researcher of the Bank’s staff (in which case they last 1h30 and give rise to a Banque de France Working Paper);
- a visiting researcher, particularly those related to the Bank's research partnerships.
Our seminars are in English, open to a specialized public (masters or doctoral students welcome) and accessible virtually. Registration is compulsory online (up to 24h before) to receive the invitation to the web platform.
See also the webpages of: the thematic conferences, which bring together several research papers; the BdF-SciencesPo research seminars on “Banks and the Financial System: what regulation?”; and, for banking and insurance supervision, the ACPR Research Events.
Guillaume Vuillemey (HEC Paris), “Evading Corporate Responsibilities: Evidence from the Shipping Industry”, Structural Issues Seminar Series
Fabien PETIT (ASME), “Inter-generational conflict and the declining labor share“
Arthur Stalla-Bourdillon (Banque de France), “Structural estimation of time-varying spillovers: An application to international credit risk transmission“,discuted by Roberto De Santis (BCE)
Alexis d’Aspremont (ENS, CNRS, Kayrros), “Tracking the economy in real time with satellite images“
Élise Gourier (ESSEC), “How Real are Real Assets?“, BdF/TSE webinar
Michael Goedde-Menke (Univ. Munster), “The Impact of Organizational Downsizing on Loan Officer Specialization and Credit Defaults, Structural Issues Seminar Series
Thomas Drechsel (University of Maryland), “Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations“, BdF/TSE webinar
Nicolas Woloszko (OCDE), “Tracking activity in real time with Google Trends“
Gernot J. Müller (Universität Tübingen), “The Exchange Rate Insulation Puzzle“, BdF/TSE webinar
Baptiste Meunier (Banque de France), “High-frequency data for nowcasting world GDP growth“, discussed by Laurent Ferrara (SKEMA)
Diana Bonfim (Banque du Portugal), “Sovereign-Bank Diabolic Loop: The Government Procurement Channel“, Structural Issues Seminar Series
Clément Mazet-Sonilhac (Banque de France), « Aggregate Implications of Credit Relationship Flows: A Tale of Two Margins », discuté par Pietro Garibaldi (Collegio Carlo Alberto)
Hadrien Camatte (Banque de France), “Global value chains and the transmission of price shocks “
Giulia Sestieri (Banque de France), “Fed Communication on Financial Stability Concerns and Monetary Policy Decisions: Revelations from Speeches”
Franck Sédillot (Banque de France), “Pension Wealth, Household Net Worth and
Inequalities in France”
Menzie Chinn (Univ. Wisconsin), “”A Third of a Century of Currency Expectations Data: The Carry Trade and the Risk Premium”
Isabelle Méjean (CREST), “”Relation Stickiness and Economic Uncertainty”
Irena Peresa (Commission Européenne), “”Bad banks" with Chinese characteristics: an ongoing transformation”
Ester Faïa (Goethe Univ.), “Social Interactions in Pandemics: Fear, Altruism, and Reciprocity”
Sergio Rebelo (Northwestern University, Kellogg School of Management), “The Macroeconomics of Testing and Quarantining”
François Fontaine (PSE), “Asset and Debt Accumulation: Labor Market Risk Matters”
Stéphane Dees (Banque de France), “Climate-related scenarios for financial stability assessment: An application to France”
Laurent Bach (ESSEC), “Follow the money! Combining household and firm-level evidence to unravel the tax elasticity of dividends”
Ricardo Zago (Banque de France), “Share Buybacks, Monetary Policy and the Cost of Debt”
Sarah Mouabbi (Banque de France), “Disastrous defaults”
Paul Beaumont (Paris Dauphine), “Build or Buy ? Human Capital and Corporate Diversification”
Francesco Lippi (LUISS & Einaudi), “A Simple Planning Problem for COVID-19 Lockdown”
Erwan Gautier (Banque de France), “What Matters in Households’ Inflation Expectations?”
Lisa Kerdelhué (Banque de France), “Distributional Effects of Tax Composition Changes”
Yannick Kalantzis (Banque de France), “A Dornbush model for the Euro area”
David Weinstein (Columbia University), “The Effect of the US-China Trade War on US Investment”
Aurélie Sotura (Banque de France), “This town ain’t big enough ? Quantifying local public goood spillovers”
Christian Bayer (Bonn Univ.), “The US CARES Package and the Covid Crisis”
Cyril Couaillier (Banque de France), “How do markets react to tighter capital requirements?”
Pierre Aldama (Banque de France), “Why Fiscal Regimes Matter for Fiscal Sustainability”
Jean-Stéphane Mésonnier (Banque de France), “Set-up Costs and the Financing of Young Firms”
François Derrien (HEC), “Online Reputation and Debt Capacity”
Juri MARCUCCI (Banca d'Italia), “Séminaire data science et IA : can we measure inflation expectations using Twitter?”
Kerstin HOLZHEU (SciencesPo), “How Much Should we Trust Estimates of Firm Effects and Worker Sorting”
The Seminar below is cancelled:
Guillaume Rocheteau (University of California, Irvine), "Money mining and price dynamics"
Pierre Aldama (Banque de France), “Why Fiscal Regimes Matter for Fiscal Sustainability”
Nicolas Woloszko (OCDE - Innovation Lab), “Adaptative trees - a novel approach to macroeconomic forecasting
The Seminar below is cancelled:
Diana Bonfim (Bank of Portugal), “Information Frictions, Financing, and Growth: The impact of a Firm Credit Certification Program for Small Firms”
Jean-Charles Rochet (Université de Genève), “Taxing financial transactions”
Benoit Mojon (BIS), “A New Indicator of Bank Funding Cost”
The Seminar below is cancelled :
Michael Schwert (Wharton School), “Interest Rates and the Design of Financial Contracts
Alfonso Rosalia (Bank of Italy), “Monetary policy, firms’ inflation expectations and prices: causal evidence from firm-level data”
Mikael Juselius (Bank of Finland), “Monetary policy in the grip of a pincer movement”
Stéphane Dupraz (Banque de France), “A Pitfall of Cautiousness in Monetary Policy”
Raoul Minetti (Michigan State University), “Bank Monitoring and Liquidity in the Business Cycle”
CANCELLATION 07/02 14h30-15h30
Isabelle Mejean (CREST), “Relationship stickiness and economic uncertainty”
Alexander Chudik (Federal Reserve Bank of Dallas), “The heterogeneous effects of global and national business cycles on employment in U.S. states and metropolitan areas”
Tatsuyoshi Okimoto (Australian National University), “The Effects of Asset Purchases and Normalization of US Monetary Policy”
Dimitrije RUZIC (INSEAD), “Returns to Scale, Productivity Measurement, and Trends in U.S. Manufacturing Misallocation”
Francesco Manaresi (PSE), “Born in Hard Times : Startups and Intangible Capital During the Financial Crisis ”
Matthias Dolls (ifo Institute and CESifo), An Unemployment Re-Insurance Scheme for the Eurozone? Stabilizing and Redistributive Effects ”
Anne-Laure Delatte (CEPII, CNRS et CEPR), “Grey zones in international finance”
Noëmie Lisack (Banque de France), “A Sectoral Model for Carbon Taxation: Impact in France and the EU”
Lionel Potier (Banque de France), “Cost of credit, entrepreneurship, and misallocation”
Roger Vicquéry (LSE), “The Common Currency Effect on International Trade: Causal Evidence from an Accidental Monetary Union”
Thomas Breda (PSE), “Taxes and Technological Determinants of Wage - Inequalities: France 1976-2010“
Carl Grekou (CEPII), “The Fata Morgana of Exchange Rate Regimes: Reconciling the LYS and the RR classifications”
Stéphane Dupraz (Banque de France), “A Plucking Model of Business Cycles”
Paolo Gelain (Federal Reserve Bank of Cleveland), “Monetary Policy with Judgment”
Chiara Punzo (Universit`a Cattolica del Sacro Cuore), “Macroeconomics of bank capital and liquidity regulation”
Ludwig Straub (Harvard & NBER, “Indebted Demand”
Giovanni Nicolo (Federal Reserve Board), “Monetary Policy, Self-Fulfilling Expectations and the U.S. Business Cycle”
Clémence Berson (Banque de France), “Wage Volatility, as Perceived by Workers”
Mirko Wiederholt (Sciences Po), “A normative analysis of central bank communication”
Riccardo Zago ( Banque de France), “Job Polarization, Skill Mismatch and the Great Recession”
Bartosz Maćkowiak (BCE), “Rational inattention and the business cycle effects of productivity and news shocks”
Barbara Rossi (Universitat Pompeu Fabra), “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”
Charles Boissel (HEC), “Higher Dividend Taxes, No Problem ! Evidence from Taxing Entrepreneurs in France”
Pat Akey (U. of Toronto), “Price Revelation from Insider Trading: Evidence from Hacked Earnings News ”
Björn Richter (Pompeu Fabra), “The profit-credit cycle”
Gabriel Smagghue (Universidad Carlos III de Madrid), “Foreign Competition along the Quality Ladder”
Paul Hubert (OFCE), “The reaction function channel of monetary policy and the financial cycle”
Stéphane Dées (Banque de France), “The Global Financial Cycle and US Monetary Policy in an Interconnected World”
Marcin Bielecki (University of Warsaw and Narodowy Bank Polski), “Business cycles, innovation and growth: welfare analysis”
Seonghoon Cho (Yonsei University), “Has Fiscal Policy Saved the Great Recession?”
Clémence Berson (Banque de France), “Job-to-job flows and wage cyclicality in France and Italy”
Yasser Boualam (University of North Carolina), “Credit Markets and Relationship Capital”
Axelle Ferrière (PSE), “Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquisition”
Sushant Acharya (NY Fed), “Optimal Monetary Policy in HANK Economies”
Jean-Stéphane Mésonnier (Banque de France), “Banks’ climate commitments and credit to brown industries: new evidence for France”
René Stulz (Ohio State University), “The global financial crisis ten years later”
Clément Mazet-Sonilhac (Banque de France), “Technology-induced Trade Shocks? Evidence from Broadband Expansion in France”
Enisse Kharroubi (BRI), “Inflation and Financial Conditions”
Antoine Camous (University of Mannheim), “Bank Market Power, Portfolio Diversification and Risk Sharing in a Monetary Union”
Jean-Marc Fournier (IMF), “A Buffer-Stock Model for the Government: Balancing Stability and Sustainability”
Antonin Bergeaud (Banque de France), “The circular relationship between productivity growth and real interest rates”
William Oman (IMF), “Macroeconomic and financial policies for climate change mitigation : a review of the literature”
Charles Yuji Horioka (Kobe University), “The Impact of Bequest Motives on Labor Supply and Retirement Behavior in Japan: A Theoretical and Empirical Analysis”
Yoko Niimi (Doshisha University), “Does Marriage Really Help Women Accumulate Wealth? Evidence from Japan”
Lisa Kerdelhué (Banque de France), “Semi-Structural VAR and Unobserved Components Models to Estimate Finance-Neutral Output Gap”
Florens Odendahl (Banque de France), “BVAR Forecasts, Survey Information and Structural Change in the Euro Area”
Nicoletta Berardi (Banque de France), “ Everyday Regular Prices ”
Jocelyn Boussard (Banque de France), “Information Technology and Returns to Scale”
Christoph Boehm (University of Texas at Austin), “Government Consumption and Investment: Does the Composition of Purchases Affect the Multiplier?”
Ilknur Zer (Federal Reserve Board), “The Role of U.S. Monetary Policy in Global Banking Crises”
Carlo Altavilla (ECB), “Is there a zero lower bound? The effects of negative policy rates on banks and firms”
Menzie Chinn (Univ. Wisconsin), “Financial Spillovers and Macroprudential Policies”
Guillaume Vandenbroucke (Federal Reserve Bank of St. Louis), “The Baby Boomers and the Productivity Slowdown”
Sofia Bauducco (Central Bank of Chile), “Capital Controls and Firm Performance”
Klodiana Istrefi (Banque de France), “In Fed Watchers’ Eyes: Hawks, Doves and Monetary Policy”
Elsa Allman (Banque de France), “Shadow Banks and Bank Systemic Risk”
Arsenios Skaperdas (Federal Reserve Board), “Central Bank Independence at Low Interest Rates”
Timm Prein (University of Kontanz), “Persistent Unemployment, Sovereign Debt Crises, and the Impact of Haircuts”
Nitya Pandalai Nayar (Univ. Texas, Austin), “Convex Supply Curves”
Patrick Kehoe (Stanford University), “Asset Prices and Unemployment Fluctuations”
Peter Feldhütter (Copenhagen Business School), “Debt dynamics”
Carlos Arteta (Banque Mondiale), “Global Economic Prospects: Heightened Tensions, Subdued Investment ”
Mario Pietrunti (Banca d’Italia), “Benefits of Gradualism or Costs of Inaction. Optimal monetary policy with limited central bank information”
Mariana Vijil (World Bank), Laurent Wagner (Ferdi), Martha Tesfaye Woldemichael (IMF), “Import Uncertainty and Export Dynamics”, discussed by Jean-Charles Bricongne & Guillaume Gaulier (Banque de France). Registration by email email@example.com, no later than June, 11
Dimitri Vayanos (LES), “Asset Management Contracts and Equilibrium Prices”
Camille Macaire (Université Fudan - Shanghai), “La réforme des marchés financiers chinois, dans la perspective de l'internationalisation du RMB”
Harold Cole (U. of Pennsylvania), “Self-Fulfilling Debt Crises, Revisited”
Paul Hubert (OFCE), “The Role of Borrowing Constraints in the Transmission of Monetary Policy”
Suman Basu (IMF), “External Crisis Prediction Using Machine Learning: Evidence from Three Decades of Crises Around the World”
Marlène Isoré (Université Paris Saclay), “Markup cyclicality: Extreme value theory within a macroeconomic framework”
Marco Bassetto (Federal Reserve Bank of Chicago), “Organizational Equilibrium with Capital”
Jean Barthélemy (Banque de France), “Fiscal and Monetary Regimes: A Strategic Approach”
Théo Nicolas (Banque de France), “How Do Short-Term Financial Constraints Affect SMEs' Long-Term Investment”
Jens Christensen (San Francisco Fed), “Term Structure Analysis with Big Data: One-Step Estimation Using Bond Prices”
Ludovic Panon (Sciences Po), “Globalization and labor share”
Stéphane Lhuissier (Banque de France), “The switching skweness over the business cycle”
François Gourio (Federal Reserve Bank of Chicago), “Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia”
Romain Rancière (University of Southern California), “Asset Trade, Financial Networks, and the Transmission of Shocks: A Structural Approach”
Laurent Ferrara (Banque de France), “Asset Trade, Financial Networks, and the Transmission of Shocks: A Structural Approach”
Olivier Scaillet (Université de Genève & Swiss Finance Institute), “Backtesting Systemic Risk Measures”
Cynthia Doninger (Federal Reserve Board), “Do Greasy Wheels Curb Inequality?”
Julien Prat (École Polytechnique), “Fundamental Pricing of Utility Tokens”
Enisse Kharroubi (BRI), “International Coordination of Macro-Prudential and Monetary Policies”
Ariel Zetlin-Jones (Tepper School of Business), “The Maturity Structure of Inside Money”
Claudio Morana (University of Milano), “Climate change implications for the catastrophe bonds market: An empirical analysis”
Sofia Priazhkina (Banque du Canada), “Stressed but not helpless: strategic behaviour of banks under adverse market conditions”
Ryan Chahrour (Boston College), “The International Medium of Exchange”
Sébastian Stumper (Banque de France), “Estimating US Consumer Gains from Chinese Imports”
Ben Craig (Federal Reserve Bank of Cleveland), “Intermediation in the Interbank Lending Market”
Stéphane Lhuissier (Banque de France), “The Switching Skewness Over the Business Cycle”
Jeffrey Campbell (Federal Reserve Bank of Chicago), “Open Mouth Operations”
Mathias Lé & Frédéric Vinas (Banque de France), discutant O. de Jonghe (Banque Nationale de Belgique), “What is the role of bank credit? A firm size issue”
Vincent Vicard (CEPII), “The exorbitant privilege of high tax countries”
Peter McQuade (Banque Centrale d’Irlande), “America First? A US-centric view of global capital flows”
Thibaut Piquard (Banque de France - PSE) and Dilyara Salakhova (Banque de France), “Substitution between secured and unsecured interbank markets,counterparty risk and the opportunity cost of collateral”
Florian Heider (ECB), “Variation margins, fire sales, and information-constrained optimality”
Hugues Dastarac (Banque de France), ”Price impacts of small and large trades in the corporate bond market”
Olivier Wang (MIT), ” Banks, Low Interest Rates, and Monetary Policy Transmission”
Nicoletta Berardi (Banque de France), ”Professional Networks and their Coevolution with Executive Careers: Evidence from Europe and North America”
Matthias Morys (University of York), ” Can Greece stay in the euro without the troika? Lessons from 100 years of South-East European monetary history”
Clément Mazet-Sonilhac (Banque de France), ”Investment and the weighted average cost of capital: new micro evidence for France”
Anne-Laure Delatte, Carl Grekou et Valérie Mignon (CEPII), ” EQCHANGE: A World Database on Actual and Equilibrium Effective Exchange Rates”
Gaetano Gaballo (Banque de France), ”Time-Consistent Fiscal Guarantee for Monetary Stability”
Pedro Teles (Catolica-Lisbon UCP), ” Ramsey Taxation in the Global Economy”
Thibaut Duprey (Bank of Canada), “Managing the Distribution of GDP Growth“
Anna Petronevich (Banque de France), “How do lenders price energy efficiency? Evidence from posted interest rates for unsecured credit in France“
Mathias Trabandt (Freie Universität Berlin), “Resolving the Missing Deflation Puzzle”
Marcel Fratzscher (President of the DIW-Berlin, and Professor of Macroeconomics and Finance at Humboldt-University), “The Germany Illusion: Between Economic Euphoria and Despair” - Inscription
Mario Milone (Imperial College Business School and Université Paris Dauphine), “Smart lending”
Moritz Schularick (Bonn), “Bank Capital Redux: Solvency, Liquidity, and Crisis
Menzie Chinn (University of Wisconsin), “Recent results on the Fama puzzle”
Heitor Almeida (University of Illinois)
Mateo Mogliani (Banque de France), “Bayesian MIDAS Penalized Regressions: Estimation, Selection, and Prediction”
Kyle Jurado (Duke University)
Antoine Martin (NY Fed.), “Endogenous Liquidity and Interdealer Trading in Over-The-Counter Markets”
Pierpaulo Benigno (LUISS), “Central Bank Theory of Price Level Determination”
Grégory Levieuge (Banque de France), “Cost of banking crises: Does the policy framework matter?”
Dimitris Korobilis (University of Essex), “Does information dispersion mitigate economic fluctuations?”
Isaac Baley (UPF), “Aggregate Dynamics in Lumpy Economies”
Warwick McKibbin (Australian National University and The Brookings Institution), “A Global Approach to Energy and the Environment: The G-Cubed Model Applied to Climate Change Policy”
David Martinez-Miera (Univ. Carlos III - Madrid), “Interest Rates, Market Power, and Financial Stability”
Jinill Kim (Korean CB), “Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?”
Philippe Martin (Sciences Po), “The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis”
Francesco Zanetti (Oxford University), “State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications”
Masashige Hamano (Waseda University), “Monetary policy, external imbalances and firm dynamics”
Eric Monnet (Banque de France), “Flight-to-safety and Credit Crunch - new history of banking crises in France during the Great Depression”
Kilian Rieder (University of Oxford and WU Vienna), “Should Monetary Policy lean against the Wind? Quasi-Experimental Evidence from FED Policies in 1920-21”
Sayuri Shirai (Keio University), “Should Monetary Policy lean against the Wind? Quasi-Experimental Evidence from FED Policies in 1920-21”
Claudiana Istrefi (Banque de France), “Perceived FOMC: The Making of Hawks, Doves and Swingers”
Ralph Ossa (Université de Zürich), “No double standards: quantifying the impact of standard harmonization on trade”
Urszula Szczerbowicz (Banque de France), “Corporate Debt Structure and Unconventional Monetary Policy in the United States”
Eric Swanson (University of California-Irvine), “Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets”
Xavier Jaravel (London School of Economics), “What are the Price Effects of Trade? Evidence from the U.S. and Implications for Quantitative Trade Model”
Thierry Mayer (Sciences Po, Banque de France, CEPII, and CEPR), « Misfits in the car industry: Off shore assembly decisions at the variety level”
Guillaume Gaulier (Banque de France), “Are Global Value Chains receding? The jury is still out”
Erwan Gautier (Banque de France), ”Wage Rigidity and Collective Wage Agreements: Evidence from French Micro Data”
Christina Wang (FED Boston), “Banks’ Search for Yield in the Low Interest Rate Environment: A Tale of Regulatory Adaptation”
Etienne Lehmann (Université Paris 2), « Wage Incidence of Corporate Income Tax: Constrasting Individual and Firm-Level Incidence”
Raphael Schoenle (Brandeis University), “Price Rigidities and the Granular Origin of Aggregate Fluctuations”
Richard Baldwin (Graduate Institute Geneva), “The Great Convergence”
Stéphane Lhuissier (Banque de France), “Do uncertainty shocks always matter for business cycles?”
Francesco Bianchi (Duke University), “Monetary Policy and Asset Valuation”
Guido Ascari (Oxford), "Controlling inflation with timid monetary-fiscal regime changes"
Martijn Boermans (Nederlandsche Bank), “The impact of the ECB asset purchases on the European bond market structure: Granular evidence on ownership concentration"
Julia Schmidt (Banque de France), “International Spillovers of Monetary Policy: Evidence from France and Italy” écrit avec Marianna Caccavaio, Luisa Carpinelli et Giuseppe Marinelli
Marc Flandreau (Banque de France), «Borrowing against non-seizable collateral : sovereign pledges and market information in 19th century »
Stijn Claessens (BIS), “Whatever it takes. Assessing the impact of a major nonconventional monetary policy intervention”
Falko Fecht (Frankfurt School of Finance and Management), “The fire-sale channels of universal banks in the European sovereign debt crisis”
Roger Vicquery (London School of Economics), “The Currency Union Effect on Trade: Evidence from the Italian Unification as a Natural Experiment”
Burcin Kisacikoglu (Bilkent University), “Missing Events in Event Studies: Identifying the Effects of Partially-Measured News Surprises”
Anastasia Kartasheva (International Association of Insurance Supervisors), “Insurers as Asset Managers and Systemic Risk”
Antonio Moreno (University of Navarra), “How Does the Yield Curve Predict Future Economic Activity”
Glenn Rudebusch (Federal Reserve Bank of San Francisco), “Interest Rates Under Falling Stars”
Marie Le Mouel (German Institute for Economic Research), Knowledge-Based Capital, productivity divergence and markups
Mikhail Chernov (UCLA Anderson School of Management), “Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads”
Kei-Ichiro Inaba (BOJ), “Are Emerging Asian Bond Markets in a Global Financial Cycle”
Christian Julliard (London School of Economics), “Speculative Trading and Derivative Market Imbalances”
27/04 10h30 - 12h00
Marianne Andries (Toulouse School of Economics), “Changes in the risk-free rate : evaluating asset pricing risk models”
Giovanni Ricco (Warwick and OFCE), “A Model of the Fed’s View on Inflation”
Dilyara Salakhova (Banque de France), “Price effect of mutual fund flows on corporate bonds. The French case“
Scott Wilbur (EHESS), “Lessons from Japan's Lost Decades: Zombie SME“
Greg Kaplan (University of Chicago and NBER), “What Would You Do with $500? Spending Responses to Gains, Losses, News and Loans“
Hugues Dastarac (Banque de France), “Market marker inventory management and asset prices“
Benoit Mojon (Banque de France), Xavier Ragot (OFCE, Sciences Po, CNRS), “The labor supply of baby-boomers and low-flation”, discussed by Pierre Cahuc (Ecole Polytechnique)
Enisse Kharroubi (BIS), “Monetary Policy, Factor Allocation and Growth“
Athanasios Orphanides (MIT), “The ECB and the euro crisis”
Bertrand Garbinti (Banque de France), “Financial Constraints and Self-Employment in France, 1945-2014”, discussed by David Thesmar (MIT)
Jordan Roulleau-Pasdeloup (Singapor U), “Cyclical Government Spending : Theory and Empirics“
Christian Zimmermann (Fed St. Louis), “Universal Basic Income versus Unemployment Insurance“
Charles O'Donnell (Banque de France), “Explaining the External Finance Premium“
Vivian Yue (Emory University and Federal Reserve Bank of Atlanta), “US Monetary Policy and International Bond Markets“
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: 10/09/2020 15:40