Jean-Guillaume Sahuc
Share links
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
- 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
- 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)
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