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Benoît Mojon

Benoît Mojon

Benoît Mojon research focuses mainly on monetary policy, its effects on the business cycle, inflation dynamics, and macroeconomics and finance. It was undertaken while working successively at CEPII, the European Central Bank, the Chicago Fed, and Banque de France since 2009.

http://www.benoitmojon.com

 

 

 

 

 

 

benoit.mojon@banque-france.fr / benoit.mojon@polytechnique.edu

Current Position

Director, Monetary and Financial Studies (June 2011 to present) ; Professor, École Polytechnique.

Previous Position

Secretary of the Fondation Banque de France: 2010 to 2015; Head of the Monetary Policy Research Division (July 2008 to May 2011); Economist Federal Reserve Bank of Chicago, 2007-2008 (on leave from the European Central Bank) ; Principal Economist, 2001-2006 European Central Bank.

Diploma

Ph. D. Université of Paris-10 Nanterre, 1998 ; M.A. in economics, with distinctions, 1992 ;B.A. in economics and English, with distinctions 1989, London School of Economics, visiting Ph. D. Student 1955-1996.

Current Position:

Research Interest

Monetary policy transmission, inflation dynamics, business cycle, Financial Cycle.

Contact

+33 (0)1 42 92 38 29

Banque de France, 41-1403 DGEI-DEMFI, 75049 Paris Cedex 01, FRANCE

Publications Working Paper Series no. 630:

Why Have Interest Rates Fallen far Below the Return on Capital

  • Published on 05/19/2017
  • 29 pages
  • EN
  • PDF (1.85 MB)
Publications Rue de la Banque no. 28:

Changes in financial fragmentation in the euro area since 2008

By Horny Guillaume, Manganelli Simone, Mojon Benoït
  • EN
  • PDF (536.87 KB)
Publications Working Paper Series no. 586:

The Pre-Great Recession Slowdown in Productivity.

By Cette Gilbert, Fernald John, Mojon Benoït
  • EN
  • PDF (1.13 MB)
Publications Working Paper Series no. 582:

Measuring Financial Fragmentation in the Euro Area Corporate Bond Market.

By Horny Guillaume, Manganelli Simone, Mojon Benoït
  • EN
  • PDF (1.55 MB)
Publications Working Paper Series no. 573:

Forward Guidance and Heterogeneous Beliefs

By Andrade Philippe, Gaballo Gaetano, Mengus Eric, Mojon Benoït
  • EN
  • PDF (713.01 KB)
Publications Rue de la Banque no. 1:

Decoupling euro area and US yield curves

  • EN
  • PDF (620.96 KB)
Publications Working Paper Series no. 482:

Credit Risk in the Euro area

By Gilchrist Simon, Mojon Benoït
  • EN
  • PDF (1008.42 KB)
Publications Working Paper Series no. 390:

Macro-Prudential Policy and the Conduct of Monetary Policy

  • EN
  • PDF (1.18 MB)
Publications Working Paper Series no. 391:

Equilibrium Risk Shifting and Interest Rate in an Opaque Financial System

By Challe Edouard, Mojon Benoït, Ragot Xavier
  • EN
  • PDF (375.72 KB)
Publications Financial Stability Review no. 16:

April 2012

By Noyer Christian, Cottarelli Carlo, A. El-Erian Mohamed, M. Reinhart Carmen, Viral V. Acharya, Drechsler Itamar, Schnabl Philipp, Breton Régis, Pinto Caroline, Weber Pierre-François, Caruana Jaime, Avdjiev Stefan, S. Kroszner Randall, Nouy Danièle, Constancio Vitor, Goodhart Charles, Hellebrandt Tomas, S. Posen Adam, Tolle Marilyne, Jeanne Olivier, Kocherlakota Narayana, Matheron Julien, Mojon Benoït, Sahuc Jean-Guillaume, Shirakawa Masaaki, Carstens Agustin, Landau Jean-Pierre, Merler Silvia, Shanmugaratnam Tharman, A. Sims Christopher, Tirole Jean
  • FR
  • PDF (1.7 MB)
Publications Occasional papers no. 8:

Macro-prudential policy and the conduct of monetary policy

  • EN
  • PDF (395.81 KB)
Publications Working Paper Series no. 254:

Risk-Shifting, Fuzzy Capital Constraint, and the Risk-Taking Channel of Monetary Policy

By Dubecq Simon, Mojon Benoït, Ragot Xavier
  • EN
  • PDF (611.6 KB)
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Articles

  • « Credit Risk in the Euro Area », avec Simon Gilchrist, Boston University, à paraître dans the Economic Journal.
  • « The Pre-Great Recession Slowdown of Productivity », avec John Fernald et Gilbert Cette, à paraître dans the European Economic Review.
  • « Risk-Shifting avec Fuzzy Capital Constraints », avec Simon Dubecq et Xavier Ragot, International Journal of Central Banking, 11 (1), 2015.
  • « Equilibrium Risk Shifting and Interest Rate in an Opaque Financial System », avec É. Challe et X. Ragot the European Economic Review, vol. 63, pp. 117–133, 2013.
  • « Global Inflation », avec M. Ciccarelli, Review of Economics and Statistics (3), September 2010.
  • « Can Aggregation Explain the Persistence of Inflation », avec F. Altissimo et P. Zaffaroni. Journal of Monetary Economics 56 (1), March 2009.
  • « Has the Euro Changed the Monetary Transmission? », avec J. Boivin et M. Giannoni), the 2008 NBER Macroeconomic Annual, D. Acemoglu, and K. Rogoff and M. Woodford (Eds).
  • « Are inflation targets good inflation forecasts? », avec M. Diron, Economic Perspectives, Federal Reserve Bank of Chicago, 2008 Q-II.
  • « When Did Unsystematic Policy Have an Effect on Inflation? », European Economic Review 52 (3), 2008.
  • « Sectoral and Aggregate Inflation Dynamics in the Euro Area », avec F. Atissimo, L. Bilke et A. Levin), Journal of the European Economic Association 4 (2-3), 2006.
  • « Monetary Policy Transmission in the Euro Area », édité avec I. Angeloni et A. Kashyap, Cambridge University Press 2003

Other

  • « Why are real interest rates so low? », avec Magali Marx et François Velde, Banque de France Document de travail, à paraître.
  • « Domestic and global inflation », avec Filippo Ferroni, Banque de France Document de travail, à paraître.

Updated on: 03/04/2019 09:25