Erwan Gautier
Head of the Microeconomic Analysis Division
Erwan Gautier is Head of the Microeconomic Analysis Division. He graduated from ENSAE in 2004 and holds a PhD in Economics from the EHESS - Paris School of Economics (2008) (winner of the Banque de France Foundation’s 2009 PhD Award). He was previously an economist at the Banque de France Research Centre, then from 2004 to 2010 in the Microeconomic Analysis Division. From 2010 to 2016 he was Assistant Professor then Full Professor of Economics at the Universities of Brest and Nantes. From 2016 to 2019 he was an economist in the Banque de France’s Monetary Policy Division. His research focuses on inflation, price and wage dynamics and monetary policy. He has published articles in international journals such as Review of Economics and Statistics, Economic Journal, American Economic Journal :Macroeconomics, Journal of Monetary Economics, Journal of Money, Credit and Banking....
Current Position
Head of the Microeconomic Analysis Division
Previous Position
- Deputy Head of the Microeconomic Analysis Division, Banque de France (2019-2022)
- Economist, Banque de France Monetary Policy Division (2016-2019)
- Full Professor, University of Nantes (2013-2016)
- Full Professor, University of Brest (2012-2013)
- Assistant Professor, University of Nantes (2010-2012)
- Economist, banque de France Research Centre then Microeconomic Analysis Division (2004-2010)
- Trainee Economist, Banque de France Short-Term Business Conditions Division (2002-2003).
Diplomas
- Agrégation des Universités (2012)
- PhD in Economics, EHESS (2008)
- MA in Economics, Paris 1 Panthéon-Sorbonne University (2004)
- MSc in Economics and Statistics, ENSAE (2004)
Research Interest
Inflation, price and wage dynamics, monetary policy.
Contact
- erwan.gautier@banque-france.fr
- +33 (0)1 42 92 48 35
- Banque de France, DGSEI DEMS SAMIC SA2 -2401, 75049 Paris Cedex 01, France
Academic Publications
Articles
- F. Alvarez, A. Ferrara, E. Gautier, H. Le Bihan and F. Lippi (2024), Empirical investigation of a sufficient statistic for monetary shocks, forthcoming Review of Economic Studies https://doi.org/10.1093/restud/rdae082
- F. Savignac, E. Gautier, Y. Gorodnichenko, O. Coibion, (2024) Firms' Inflation Expectations: New Evidence from France, [SUERF policy brief] Journal of European Economic Association vol. 22 n°6 https://doi.org/10.1093/jeea/jvae015
- E. Gautier, C. Conflitti, R. Faber, B. Fabo, L. Fadejeva, V. Jouvanceau, J.-O. Menz, T. Messner, P. Petroulas, P. Roldan-Blanco, F. Rumler, S. Santoro, E. Wieland, H. Zimmer, (2023) New Facts on Consumer Price Rigidity in the Euro Area forthcoming American Economic Journal: Macroeconomics
- E. Gautier, M. Marx, P. Vertier (2023) How Do Gasoline Prices Respond To a Cost Shock? , Journal of Political Economy Macroeconomics volume 1, number 4, December 2023, pages707-741 https://doi.org/10.1086/727698
- J. Carluccio, E. Gautier and S. Guilloux-Nefussi, (2023) Dissecting the Impact of Imports from Low-Wage Countries on French Consumer Prices, European Economic Review, Volume 160, November 2023, 104613, https://doi.org/10.1016/j.euroecorev.2023.104613
- P. Andrade, E. Gautier et E. Mengus (2023) What Matters in Households’ Inflation Expectations, Journal of Monetary Economics, Vol. 138, 50-68 [VoxEU.org] https://doi.org/10.1016/j.jmoneco.2023.05.007
- K. Adam, E. Gautier, S. Santoro and H. Weber (2022), The Case for a Positive Euro Area Inflation Target: Evidence from France, Germany and Italy, Journal of Monetary Economics, Vol. 132, 140-153. [VoxEU.org][Bundesbank research brief]
- E. Gautier, S. Roux and M. Suarez Castillo (2022) How Do Wage Setting Institutions Affect Wage Rigidity? Evidence from French Micro Data, Labour Economics, Volume 78, October 2022.
- E. Gautier and H. Le Bihan, (2022) Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model, Review of Economics and Statistics, 104 (4): 668–685
- “ No Firm is an Island? How Industry Conditions Shape Firms’ Expectations, (2022) with P. Andrade, O. Coibion and Y. Gorodnichenko Journal of Monetary Economics (CRN Volume).
- “ Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model” (2022) with H. Le Bihan Review of Economics and Statistics,
- “Wage Floor Rigidity in Industry-Level Agreements: Evidence from France”, (2018) with D. Fougère and S. Roux, Labour Economics vol. 55, pp 72-97.
- "More Facts about Prices: France Before and During the Great Recession" (2015), avec N. Berardi & H. Le Bihan, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(8), pages 1465-1502, December.
- "Trade, Wages and Collective Bargaining: Evidence from France" (2015), avec Juan Carluccio & Denis Fougère, Economic Journal, Royal Economic Society, vol. 0(584), pages 803-837, 05.
- "The Dynamics of Gasoline Prices: Evidence from Daily French Micro Data" (2015), avec Ronan Le Saout, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(6), pages 1063-1089, 09.
- "Optimal price setting during a currency changeover: theory and evidence from french restaurants" (2014), avec Nicoletta Berardi & Thomas Eife, Applied Economics, Taylor & Francis Journals, vol. 46(23), pages 2766-2782, August.
- "Wage Rigidity, Collective Bargaining, and the Minimum Wage: Evidence from French Agreement Data" (2013), avec Sanvi Avouyi-Dovi & Denis Fougère, The Review of Economics and Statistics, MIT Press, vol. 95(4), pages 1337-1351, October.
- "Price Setting in the Euro Area: Some Stylized Facts from Individual Producer Price Data" (2012), avec Philip Vermeulen & Daniel A. Dias & Maarten Dossche & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(8), pages 1631-1650, December.
- "Time-varying (S, s) band models: Properties and interpretation" (2011), avec H. Le Bihan, Journal of Economic Dynamics and Control, Elsevier, vol. 35(3), pages 394-412, March.
- "Restaurant Prices and the Minimum Wage" (2010), avec Denis Fougere & Herve Le Bihan, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(7), pages 1199-1234, October.
- "Institutional Features of Wage Bargaining in 23 European Countries, the US and Japan" (2009), Philip Du Caju & Daphne Momferatu & Melanie Ward-Warmedinger, Ekonomia, Cyprus Economic Society and University of Cyprus, vol. 12(2), pages 57-108, Winter.
- "The behaviour of producer prices: evidence from French PPI micro data" (2008), Empirical Economics, Springer, vol. 35(2), pages 301-332, September.