Jean-Stéphane Mésonnier
Senior Research Adviser, Directorate General Economics, Statistics and international
- Personal webpage (external) : https://jsmesonnier.github.io
Current Position
Senior Research Adviser, Directorate General Economics, Statistics and international
Previous Position
- Associated Professor, Sciences Po, Economics Department (on secondment) – 2021-2025.
- Deputy Director Microeconomic and Structural Analysis – 2015-2021.
- Head of the Financial Economics Research Division - 2009-2015.
- Deputy Head of the Monetary Policy Research Division - 2005-2009.
- Senior Economist, Economics and Research Directorate - 2001-2005.
- Economist, Balance of Payments Directorate, 1998-2000.
Diplomas
- Habilitation (HDR), ENS Paris-Saclay, 2018.
- PhD in Economics, Univ. Paris 13, 2007.
- MA in Political Science, Sciences Po Paris, 1996.
- Engineer-Economist, Ecole Centrale Paris, 1995.
Research Interest
Banking, corporate finance, monetary policy, sustainable finance.
Contact
- jean-stephane.mesonnier@banque-france.fr
- Banque de France, DGSEI, S2A-2600, 75049 PARIS Cedex 01, France
Academic Publications
Articles
- Derrien, F., Mésonnier, J.-S., Vuillemey, G., 2025. Set-up costs and the financing of young firms. Management Science, forthcoming.
- Berthou, A., Mayer, T., Mésonnier, J.-S., 2024. Good connections: bank specialization and the tariff elasticity of exports. Journal of International Economics, Volume 152, November.
- Carluccio, J., Mazet-Sonilhac, C., Mésonnier, J.-S., 2023. Private firms, corporate investment and the WACC: evidence from France, The European Journal of Finance, 29(1), 98-110, January.
- Berthou, A., Horny, G., Mésonnier, J.-S., 2022. The real effects of invoicing exports in dollars. Journal of International Economics, Volume 135, March.
- Mésonnier, J.-S., 2021. Banks’ climate commitments and credit to carbon-intensive industries: new evidence for France. Climate Policy, 22(3), 389-400.
- Mésonnier, J.-S., O'Donnell, C. and O. Toutain, 2022. The interest of being eligible. Journal of Money, Credit and Banking, 54(2-3), March-April, 425-458.
- Andrade, P., Cahn, C., Fraisse, H., Mésonnier, J.-S., 2019. Can the provision of long-term liquidity help to avoid a credit crunch? Evidence from the Eurosystem’s 3-year LTROs. Journal of the European Economic Association, 17(4), 1070-1106.
- Fries, S., Mouabbi, S., Mésonnier, J.-S., Renne, J.-P., 2018. National natural interest rates and the single monetary policy in the euro area. Journal of Applied Econometrics, 33(6), September, 763-779.
- Mésonnier, J.-S., Stevanovic, D., 2016.The macroeconomic effects of shocks to large bank capital, Oxford Bulletin of Economics and Statistics, Volume 79, Issue 4, August, pages 546–569.
- Mésonnier, J.-S., Monks, A., 2015. "Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?", International Journal of Central Banking, vol. 11(3), pages 75-117, June.
- Idier, J., Lamé, G., Mésonnier, J.-S., 2014. "How useful is the Marginal Expected Shortfall for the measurement of systemic exposure? A practical assessment", Journal of Banking & Finance, Elsevier, vol. 47(C), pages 134-146.
- Mésonnier, J.-S., 2011. "The forecasting power of real interest rate gaps: an assessment for the Euro area", Applied Economics, Taylor & Francis Journals, vol. 43(2), pages 153-172.
- Frappa, S., Mésonnier, J.-S., 2010. "The housing price boom of the late 1990s: Did inflation targeting matter?", Journal of Financial Stability, Elsevier, vol. 6(4), pages 243-254, December.
- Jimborean, R., Mésonnier, J.-S., 2010. "Banks' Financial Conditions and the Transmission of Monetary Policy: A FAVAR Approach", International Journal of Central Banking, vol. 6(34), pages 71-117, December.
- Mésonnier, J.-S., Renne, J.-P., 2007. "A time-varying "natural" rate of interest for the euro area", European Economic Review, Elsevier, vol. 51(7), pages 1768-1784, October.
- Mésonnier, J.-S., 2007. "Interest rate gaps and monetary policy in the work of Henry Thornton: Beyond a retrospective Wicksellian reading", The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 14(4), pages 657-680.