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Jean-Guillaume Sahuc

Jean-Guillaume Sahuc

 

 

 

 

 

 

 

https://sites.google.com/site/sahuceconomics/

jean-guillaume.sahuc@banque-france.fr

Current Position

Head of Division – Financial Economics Research Division

Previous Position

Deputy Head of Division – Monetary Policy Research Division (2012-2015)
Professor, Edhec Business School (2011), Senior Economist, Banque de France – Structural and Microeconomic
Studies Directorate (2008 2007-2010); Economist, Banque de France – Research Directorate (2004-2007)

Diploma

Ph D Economics (University of Evry, France), 2004

Research Interest

Macroeconomics, Financial Economics, Applied Time Series Econometrics

Contact

+33 (0)1 42 92 49 52

Banque de France, DGEI-DEMFI-RECFIN, 41-1391, 75049 Paris Cedex 01, France

Publications Working Paper Series no. 910:

Environmental Subsidies to Mitigate Net-Zero Transition Costs

By Jondeau Eric, Levieuge Grégory, Sahuc Jean-Guillaume, Vermandel Gauthier
  • Published on 03/17/2023
  • 48 pages
  • EN
  • PDF (3.08 MB)
Publications Working Paper Series no. 877:

Lost in Negative Territory? Search for Yield!

  • Published on 06/28/2022
  • 40 pages
  • EN
  • PDF (1.1 MB)
Publications Working Paper Series no. 864:

Assessing the Impact of Basel III: Evidence from Structural Macroeconomic Models

By De Bandt Olivier, Bora Durdu, Hibiki Ichue, Mimir Yasin, Jolan Mohimont, Nikolov Kalin, Sigrid Roehrs, Sahuc Jean-Guillaume, Scalone Valerio, Michael Straughan
  • Published on 02/02/2022
  • 38 pages
  • EN
  • PDF (4.35 MB)
Publications Working Paper Series no. 844:

Debt-Stabilizing Properties of GDP-Linked Securities: A Macro-Finance Perspective

By Mouabbi Sarah, Renne Jean-Paul, Sahuc Jean-Guillaume
  • Published on 11/08/2021
  • 53 pages
  • EN
  • PDF (1.93 MB)
Publications Working Paper Series no. 828:

Downward Interest Rate Rigidity

  • Published on 09/03/2021
  • 47 pages
  • EN
  • PDF (3.43 MB)
Publications Banque de France Bulletin no. 234:

Money and its counterparts: instruments and reflections of monetary policy

By El Amri Wydad, Mouriaux François, Wicky Yann, Bussière Matthieu, Horny Guillaume, Sahuc Jean-Guillaume
  • Published on 06/03/2021
  • 13 pages
  • EN
  • PDF (496.76 KB)
Publications Banque de France Bulletin no. 232:

The link between money and inflation since 2008

Thematic: Economic research
  • Published on 02/26/2021
  • 8 pages
  • EN
  • PDF (429.26 KB)
Publications Working Paper Series no. 761:

Unconventional Monetary Policies: A Stock-Taking Exercise

By Pfister Christian, Sahuc Jean-Guillaume
  • Published on 04/08/2020
  • 36 pages
  • EN
  • PDF (2.46 MB)
Publications Banque de France Bulletin no. 223:

A new Banque de France Financial Conditions Index for the euro area

Thematic: Economic research
  • Published on 06/06/2019
  • 7 pages
  • EN
  • PDF (574.64 KB)
Publications Working Paper Series no. 708:

Evaluating the macroeconomic effects of the ECB’s unconventional monetary policies

  • Published on 02/20/2019
  • 32 pages
  • EN
  • PDF (2.31 MB)
Publications Quarterly Selection of Articles no. 49:

Spring 2018

By Cavallo Anne-Sophie, Couaillier Cyril, Idier Julien, Jimborean Ramona, Cezar Rafaël, Gwenaëlle Fegar, Horny Guillaume, Sahuc Jean-Guillaume, Bourlès Ludovic, Humbertclaude Sylvain, Poivet Clément
  • Published on 04/03/2018
  • EN
  • PDF (1.93 MB)
Publications Working Paper Series no. 668:

A General Equilibrium Appraisal of Capital Shortfall

By Jondeau Eric, Sahuc Jean-Guillaume
  • Published on 03/08/2018
  • 66 pages
  • EN
  • PDF (2.29 MB)
Publications Rue de la Banque no. 32:

Monetary policy measures in the euro area and their effects since 2014

  • EN
  • PDF (507.87 KB)
Publications Working Paper Series no. 585:

In Search of the Transmission Mechanism of Fiscal Policy in the Euro Area.

By Fève Patrick, Sahuc Jean-Guillaume
  • EN
  • PDF (535.14 KB)
Publications Working Paper Series no. 577:

On the sources of macroeconomic stability in the euro area

By Avouyi-Dovi Sanvi, Sahuc Jean-Guillaume
  • EN
  • PDF (640.33 KB)
Publications Working Paper Series no. 537:

On the Size of the Government Spending Multiplier in the Euro Area

By Fève Patrick, Sahuc Jean-Guillaume
  • EN
  • PDF (420.28 KB)
Publications Working Paper Series no. 528:

Assessing the macroeconomic effects of LTROS

  • EN
  • PDF (455.82 KB)
Publications Working Paper Series no. 439:

Strict Fiscal Rules and Macroeconomic Stability: The Case of Social VAT (in French)

  • FR
  • PDF (246.86 KB)
Publications Working Paper Series no. 438:

The Laffer Curve in an Incomplete-Market Economy

  • EN
  • PDF (550.56 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 Working Paper Series no. 379:

A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers

  • EN
  • PDF (1006.63 KB)
Publications Working Paper Series no. 243:

Inflation Target Shocks and Monetary Policy Inertia in the Euro Area

  • EN
  • PDF (453.59 KB)
Publications Working Paper Series no. 247:

Disinflation and unemployment in the euro area : A SVAR-based analysis (in French)

  • EN
  • PDF (529.42 KB)
Publications Working Paper Series no. 246:

Estimating the implicit inflation target in the Euro area (in French)

  • EN
  • PDF (258.85 KB)
Publications Working Paper Series no. 245:

Minimum Distance Estimation and Testing of DSGE Models from Structural VARs (in French)

  • EN
  • PDF (167.3 KB)
Publications Working Paper Series no. 244:

Social VAT : Good or bad idea? (in French)

  • EN
  • PDF (220.73 KB)
Publications Working Paper Series no. 241:

Central Banker's Behaviour in an Uncertain Environment (in French)

By Avouyi-Dovi Sanvi, Sahuc Jean-Guillaume
  • EN
  • PDF (381 KB)
Publications Working Paper Series no. 200:

Supply Shocks and Optimal Monetary Policy in the Euro Zone (in French)

  • EN
  • PDF (638.88 KB)
Publications Working Paper Series no. 199:

Welfare Implications of Heterogeneous Labor Markets in a Currency Area

By Poilly Céline, Sahuc Jean-Guillaume
  • EN
  • PDF (932.71 KB)
Publications Working Paper Series no. 182:

Differences in Interest Rate Policy at the ECB and the Fed: An Investigation with a Medium-Scale DSGE Model

By Smets Frank, Sahuc Jean-Guillaume
  • EN
  • PDF (628.67 KB)
Publications Working Paper Series no. 181:

Testing heterogeneity within the euro area

By Jondeau Eric, Sahuc Jean-Guillaume
  • EN
  • PDF (519.51 KB)
Publications Working Paper Series no. 142:

Revisiting the money demand function in the euro area (in French)

By Avouyi-Dovi Sanvi, Brun Matthieu, Dreyfus Alain, Drumetz Françoise, Oung Vichett, Sahuc Jean-Guillaume
  • EN
  • PDF (1.44 MB)
Publications Working Paper Series no. 141:

Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-country Heterogeneity

By Jondeau Eric, Sahuc Jean-Guillaume
  • EN
  • PDF (1.57 MB)
Publications Working Paper Series no. 118:

Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve

  • EN
  • PDF (361 KB)
Publications Working Paper Series no. 105:

Incorporating Labour Market Frictions into an Optimising-Based Monetary Policy Model

By Moyen Stephane, Sahuc Jean-Guillaume
  • EN
  • PDF (1.07 MB)
Show more publications

Articles

  • In Search of the Transmission Mechanism of Fiscal Policy in the Euro Area, avec P. Fève, Journal of Applied Econometrics, À paraître.
  • On the Sources of Macroeconomic Stability in the Euro Area (2016), avec S. Avouyi-Dovi, European Economic Review, vol. 83, pp. 40-63, doi:10.1016/j.euroecorev.2015.11.012.
  • On the Size of the Government Spending Multiplier in the Euro Area (2015), avec P. Fève, Oxford Economic Papers, vol. 67, pp.531-552.
  • Règles Budgétaires Strictes et Stabilité Macroéconomique : Le Cas de la TVA Sociale (2014), avec P. Fève et J. Matheron , Revue Économique, vol. 65, pp. 543-556.
  •  A Pitfall with Estimated DSGE-Based Government-Spending Multipliers (2013), avec P. Fève et J. Matheron, American Economic Journal: Macroeconomics, À paraître, vol. 05, pp. 141-178.
  • Welfare Implications of Heterogeneous Labour Markets in a Currency Union (2013), avec C. Poilly,
     Macroeconomic Dynamics, vol. 17, pp. 294-325.
  •  La Crise de la Dette Souveraine et la Politique Monétaire (2012), avec J. Matheron et B. Mojon, Revue de la Stabilité Financière, vol. 16, pp. 175-188.
  •  On the Welfare Costs of Misspecified Monetary Policy Objectives (2011), avec S. Avouyi-Dovi, Journal
    of Macroeconomics
    , 33, pp. 151-161.
  •  Désinflation et chômage dans la zone euro : une analyse à l’aide d’un modèle VAR structurel (2011),
    avec P. Fève et J. Matheron, Annals of Economics and Statistics, vol. 99/100, pp. 365-394.
  •  Inflation Target Shocks and Monetary Policy Inertia in the Euro Area (2010), avec P. Fève et J.
    Matheron, The Economic Journal, vol. 120, pp. 1100-1124.
  •  Disinflation Shocks in the Eurozone: A DSGE Perspective (2010), avec P. Fève et J. Matheron, Journal
    of Money
    , Credit and Banking, vol. 42, pp. 289-323.
  •  Minimum Distance Estimation and Testing of DSGE Models from Structural VARs (2009), avec P. Fève
    et J. Matheron, Oxford Bulletin of Economics and Statistics, 71, 883-894.
  •  Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-country
    Heterogeneity (2008), avec E. Jondeau, International Journal of Central Banking, vol. 4, pp. 23-72.
  • Differences in Interest Rate Policy at the ECB and the Fed: An Investigation with a Medium-Scale
    DSGE Model (2008), avec F. Smets, Journal of Money, Credit, and Banking, vol. 40, pp. 505-521.
  • Incorporating Labour Market Frictions into an Optimising-Based Monetary Policy Model (2005), avec
    S. Moyen, Economic Modelling, vol. 22, pp. 159-186.

Updated on: 03/05/2019 09:37