Jean-Stéphane Mésonnier
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Current Position
Associated Professor at Sciences Po (on secondment)
Senior Research Advisor, Directorate General Economics, Statistics and international (part time)
Previous Position
Deputy Director, Directorate Microeconomic and Structural Analysis – 2015-2021
Head of division, Financial Economics Research Division - 2009-2015.
Deputy head of division, Monetary Policy Research Unit - 2005-2009.
Senior Economist, Directorate Economics and Research - 2001-2005.
Economist, Directorate Balance of Payments, 1998-2000.
Diploma
Habilitation (HDR), ENS Paris-Saclay, 2018.
PhD in Economics, Univ. Paris 13, 2007.
MA Political Science, Sciences Po Paris, 1996.
Engineer-Economist, Ecole Centrale Paris, 1995.
Research Interest
Climate finance, empirical banking, empirical corporate finance, monetary policy
Contact
jean-stephane.mesonnier@banque-france.fr
Banque de France, 46-2400 DEMS, 75049 PARIS Cedex 01, France
Personal webpage
https://jsmeson.pagesperso-orange.fr/
Bank Local Specialization
- Published on 02/11/2022
- 57 pages
- EN
- PDF (4.6 MB)
Good Connections: Bank Specialization and the Tariff Elasticity of Exports
- Published on 05/19/2021
- 41 pages
- EN
- PDF (2.37 MB)
Showing off cleaner hands: mandatory climate-related disclosure by financial institutions and the financing of fossil energy
- Published on 01/08/2021
- 39 pages
- EN
- PDF (2.16 MB)
Set-up Costs and the Financing of Young Firms
- Published on 06/10/2021
- 47 pages
- EN
- PDF (2.54 MB)
Banks' climate commitments and credit to brown industries: new evidence for France
- Published on 12/03/2019
- 36 pages
- EN
- PDF (625.34 KB)
Investment and the WACC: new micro evidence for France
- Published on 03/05/2019
- 28 pages
- EN
- PDF (3.78 MB)
Dollar funding and French exports to the United States: lessons from the 2011 dollar crunch
- Published on 05/17/2018
- EN
- PDF (539.31 KB)
Dollar Funding and Firm-Level Exports
- Published on 03/07/2018
- 67 pages
- EN
- PDF (2.16 MB)
The Interest of Being Eligible
- Published on 10/20/2017
- 36 pages
- EN
- PDF (513.72 KB)
Winter 2016
- Published on 03/07/2017
- 72 pages
- EN
- PDF (1.59 MB)
National natural rates of interest and the single monetary policy in the Euro Area
- Published on 12/12/2017
- 44 pages
- EN
- PDF (2.83 MB)
Did the Eurosystem’s LTROs of 2011 and 2012 help to avert a credit crunch in the euro area?
- EN
- PDF (431.63 KB)
Heightened bank capital requirements and bank credit in a crisis : the case of the 2011 EBA Capital Exercise in the euro area
- EN
- PDF (412.74 KB)
Can the Provision of Long-Term Liquidity Help to Avoid a Credit Crunch? Evidence from the Eurosystem's LTROs
- EN
- PDF (562.65 KB)
Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?
- EN
- PDF (265.74 KB)
Bank leverage shocks and the macroeconomy: a new look in a data-rich environment
- EN
- PDF (509.06 KB)
Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads
- EN
- PDF (712.04 KB)
Banks' financial conditions and the transmission of monetary policy: a FAVAR approach
- EN
- PDF (357.85 KB)
The housing price boom of the late ’90s: did inflation targeting matter?
- EN
- PDF (305.24 KB)
Does uncertainty make a time-varying natural rate of interest irrelevant for the conduct of monetary policy?
- EN
- PDF (750 KB)
The Reliability of Macroeconomic Forecasts based on Real Interest Rate Gap Estimates in Real Time: an Assessment for the Euro Area
- EN
- PDF (569.05 KB)
The Taylor Rule and Monetary Policy in the Euro Area
- EN
- PDF (341.12 KB)
A Time-Varying Natural Rate for the Euro Area
- EN
- PDF (547 KB)
Central Banking, the Discount Rate and Monetary Policy in the Works of Henry Thornton (1760-1815)
- EN
- PDF (223.79 KB)
Mésonnier, J.-S., 2021. Banks’ climate commitments and credit to carbon-intensive industries: new evidence for France. Climate Policy, forthcoming.
Carluccio, J., Mazet-Sonilhac, C., Mésonnier, J.-S., 2021. Private firms, corporate investment and the WACC: evidence from France. The European Journal of Finance, forthcoming.
Mésonnier, J.-S., O'Donnell, C. and O. Toutain, 2020. The interest of being eligible. Journal of Money, Credit and Banking, forthcoming.
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.
Updated on: 11/30/2021 09:58