Caroline Jardet

Head of the Public Finance Division

Caroline Jardet is Caroline Jardet is a Research economist, Head of the Public Finance Division. Prior to this position, Caroline Jardet worked in the International Macroeconomic Division, the Financial Economics Research Division and the Macroeconomic Forecasting Division at the Banque de France. She holds a PhD in Economics from the University of Paris 1. Her research topics are financial macroeconomics, forecasting and applied macroeconometrics.

Current Position

Head of the Public Finance Division

Previous Position

  • Deputy head of Division, International Macroeconomic Division (Nov. 2019-Sep. 2023)
  • Senior Economist, International Macroeconomic Division (Jan. 2018- Oct. 2019)
  • Senior Economist, division of the forecasting and macroeconomic studies (Sept. 2014-Dec 2018)
  • Deputy Hhead of division, Financial Economics Research Division (2009-2014)
  • Research economist,  Financial Economics Research Division( 2005-2009)

Diplomas

  • 2004, PhD in Economics, University Paris 1
  • 1999, Master in Economics, University Paris 1
  • 1999, M.S. in Economics and Statistics (ENSAE)

Research Interest

Financial macroeconomics, forecasting and applied Macroeconometrics.

Contact

Academic Publications

Articles
  • “Why are inflation forecast sticky? Theory and application to France and Germany” (2023), F. Bec et R. Boucekkine, International Journal of central Banking
  • “Foreign Direct Investment under uncertainty: evidence from a large panel of countries”, (2022) M. Chinn et C. Jude, Review of International Economics
  • “Nowcasting world GDP growth with high frequency data” (2022), B. Meunier, Journal of Forecasting.
  • Méthodes de Prévision en Finance: Chapitre 7 (La prévision des taux d’intérêt à partir de moyennes d’estimateurs) (2020),  F. Pegoraro et A. Monfort, Economica
  • « No-arbitrage Near-Cointegrated VAR(p) Term Structure Models, Term Premia and GDP Growth » (2013), avec Alain Monfort et Fulvio Pegoraro, Journal of Banking and Finance, 37, pp. 389-402.
  • « Macro stress testing with a macroeconomic credit risk model: Application to the French manufacturing sector » (2011), avec Sanvi Avouyi-Dovi, Mireille Bardos, Ludovic Kendaoui et Jérémy Moquet, Bankers, Market and Investors, n°113.
  • « Euro money market interest rates dynamics and volatility: How they respond to recent changes in the operational framework » (2010), with G. Le Fol, in International Journal of Finance and Economics, vol. 15, iss. 4, pp. 316-330.
  • « How liquid are markets: an application to stock markets » (2009), with J. Idier and G. Le Fol, Bankers, Markets Investors, n°103, novembre-décembre 2009.
  • « Term structure anomalies: Term premium or peso problem? » (2008), Journal of International Money and Finance, vol 27 (4). 
  • « Les déterminants des taux d’interet de long terme aux États Unis et dans la Zone Euro : une approche multivariée » (2008), with J.Idier and A. de Loubens, Économie et Prévision, n°185.
Autres
  • The macroeconomic implications of a global trade war (2019), U. Szczerbowicz, D. Siena, A. Berthou, VoxEU
  • MAPI: Model for Analysis and Projection of Inflation in France (2017), L. de Charsonville document de travail Banque de France

Publications

Macroeconomic projections – June 2026
Macroeconomic projections
Forecasts
17th of June 2026
Macroeconomic interim projections – March 2026
Macroeconomic projections
Forecasts
26th of March 2026
Macroeconomic projections – December 2025
Macroeconomic projections
Forecasts
19th of December 2025
Macroeconomic interim projections – September 2025
Macroeconomic projections
Forecasts
15th of September 2025
Macroeconomic projections – June 2025
Macroeconomic projections
Forecasts
11th of June 2025
Macroeconomic interim projections – March 2025
Macroeconomic projections
Forecasts
12th of March 2025
Macroeconomic projections – December 2024
Macroeconomic projections
Forecasts
19th of December 2024
Interim macroeconomic projections –September 2024
Macroeconomic projections
Forecasts
18th of September 2024
Macroeconomic projections – June 2024
Macroeconomic projections
Forecasts
11th of June 2024
Interim macroeconomic projections – March 2024
Macroeconomic projections
Forecasts
12th of March 2024
Macroeconomic projections – December 2023
Macroeconomic projections
Forecasts
19th of December 2023
Nowcasting World GDP Growth with High-Frequency Data
Working paper
Covid-19
11th of December 2020
19th of July 2018
10th of May 2017
30th of March 2017