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Hervé Le Bihan

Hervé Le Bihan

herve.lebihan@banque-france.fr

Current Position

Deputy Director, Monetary and Financial Studies Directorate - Secretary of the Fondation Banque de France

Previous Position

Head of Macro-Analysis and Forecasting Division (2012-2015), Head of Microeconomic Analysis Division (2009-2012); Deputy head of Economic and Financial Research division (2007-2008) ; Economist, Research Unit, Banque de France (1999-2006) ; Economist, OFCE (Observatoire Français des Conjonctures Économiques) (1995-1998)

Diploma

M.S in Economics and Statistics (ENSAE Graduate 1993) ; Ph D. in Economics Université Paris XII (2005)

Research Interest

Sticky prices and wages; inflation ; applied econometrics; macroeconometric modelling

Contact

+33 (0)1 42 92 49 87

Banque de France, 41-1403 - DGEI-DEMFI , 75049 PARIS Cedex 01 - France

Publications Working Paper Series no. 682:

Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model

  • Published on 05/24/2018
  • EN
  • PDF (927.68 KB)
Publications Working Paper Series no. 670:

The Optimal Inflation Target and the Natural Rate of Interest

  • Published on 03/26/2018
  • 62 pages
  • EN
  • PDF (2.57 MB)
Publications Working Paper Series no. 492:

Small and large price changes and the propagation of monetary shocks

By Alvarez Fernando, Le Bihan Hervé, Lippi Francesco
  • EN
  • PDF (1.47 MB)
Publications Working Paper Series no. 442:

Non-uniform wage-staggering: European evidence and monetary policy implications

By Juillard Michel, Le Bihan Hervé, Millard Stephen
  • EN
  • PDF (640.12 KB)
Publications Working Paper Series no. 425:

More Facts about Prices: France Before and During the Great Recession

  • EN
  • PDF (1.48 MB)
Publications Working Paper Series no. 353:

Price Stickiness and Sectoral Inflation Persistence: Additional Evidence

  • EN
  • PDF (423.72 KB)
Publications Working Paper Series no. 324:

Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications

By Dixon Huw D., Le Bihan Hervé
  • EN
  • PDF (394.06 KB)
Publications Working Paper Series no. 307:

Inattentive professional forecasters

  • EN
  • PDF (852.51 KB)
Publications Working Paper Series no. 231:

Time-varying (S, s) band models: empirical properties and interpretation

  • EN
  • PDF (982.04 KB)
Publications Working Paper Series no. 216:

Restaurant Prices and the Minimum Wage

By Fougère Denis, Gautier Erwan, Le Bihan Hervé
  • EN
  • PDF (845.65 KB)
Publications Working Paper Series no. 208:

Sticky Wages. Evidence from Quarterly Microeconomic Data

By Heckel Thomas, Le Bihan Hervé, Montornès Jérémi
  • EN
  • PDF (726.7 KB)
Publications Working Paper Series no. 136:

Price Setting in the Euro Area: Some Stylized Facts from Individual Consumer Price Data

By Dhyne Emmanuel, Âlvarez Luis.J, Le Bihan Hervé, Veronese Giovanni, Dias Daniel, Hoffmann Johannes, Jonker Nicole, Lünnemann Patrick, Rumler Fabio, Vilmunen Jouko
  • EN
  • PDF (674.19 KB)
Publications Working Paper Series no. 138:

Sticky Prices in the Euro Area: A Summary of New Micro Evidence

By Âlvarez Luis.J, Dhyne Emmanuel, Hoeberichts Marco, Kwapil Claudia, Le Bihan Hervé, Lünnemann Patrick, Martins Fernando, Sabbatini Roberto, Stahl Harald, Vermeulen Philip, Vilmunen Jouko
  • EN
  • PDF (453.28 KB)
Publications Working Paper Series no. 137:

Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation

By Fougère Denis, Le Bihan Hervé, Sevestre Patrick
  • EN
  • PDF (625.22 KB)
Publications Working Paper Series no. 113:

Price Rigidity. Evidence from the French CPI Macro-Data

By Baudry Laurent, Le Bihan Hervé, Sevestre Patrick, Tarrieu Sylvie
  • EN
  • PDF (2.09 MB)
Publications Working Paper Series no. 103:

ML vs GMM Estimates of Hybrid Macroeconomic Models (With an Application to the New Phillips Curve)

By Jondeau Eric, Le Bihan Hervé
  • EN
  • PDF (499.37 KB)
Publications Working Paper Series no. 89:

Potential Output and Output Gap : Some estimates for France (In French)

By Baghli Mustapha, Bouthevillain Carine, De Bandt Olivier, Fraisse Henri, Le Bihan Hervé, Rousseaux Philippe
  • EN
  • PDF (846.47 KB)
Publications Working Paper Series no. 86:

Testing for a Forward-Looking Phillips Curve. Additional Evidence from European and US Data

By Jondeau Eric, Le Bihan Hervé
  • EN
  • PDF (1.04 MB)
Publications Working Paper Series no. 83:

Evaluation de l'estimation par les GMM de la fonction de réaction de la Federal Reserve Bank

By Florens Clémentine, Jondeau Eric, Le Bihan Hervé
  • EN
  • PDF (589.26 KB)
Publications Working Paper Series no. 76:

Evaluating Monetary Policy Rules in Estimated Forward-Looking Models: A Comparison of US and German Monetary Policies

By Jondeau Eric, Le Bihan Hervé
  • EN
  • PDF (588.12 KB)
Publications Working Paper Series no. 69:

Implementing and interpreting indicator of core inflation: the case of France

By Le Bihan Hervé, Sédillot Franck
  • EN
  • PDF (525.22 KB)
Publications Working Paper Series no. 68:

Modeling and Forecasting the French Consumer Price Index Components

By Jondeau Eric, Le Bihan Hervé, Sédillot Franck
  • EN
  • PDF (392.11 KB)
Show more publications
  • « The real effects of monetary shocks in sticky price models: a sufficient statistic approach  »  with Fernando Alvarez and Francesco Lippi, American Economic Review , forthcoming.
  • The real effects of monetary shocks in sticky price models: a sufficient statistic approach « More Facts about Prices: France Before and During the Great Recession » with Nicoletta Berardi and Erwan Gautier, forthcoming in Journal of Money, Credit and Banking, 47 (8), pp. 1465–1502, DOI: 10.1111/jmcb.12281.
  • « Inattentive Professional Forecasters » (2013), with Phillipe Andrade, Journal of Monetary Economics, vol. 60(8), pp.967-982.
  • « Price Stickiness and sectoral Inflation Persistence: Additional Evidence» (2012), with J. Matheron, Journal of Money, Credit and Banking, 44 (7), pp. 1427-1422 .
  • « Sticky Wages Evidence from Quarterly Microeconomic Data» with J. Montornès and T. Heckel, American Economic Journal: Macroeconomics, 4(3), pp. 1-32.
  • « Generalized Taylor and Generalized Calvo price and wage-setting: micro implications» (2012) with H. Dixon, Economic Journal, 122 (May), pp. 532-554.
  • « Time-varying (S, s) band models: empirical properties and interpretation » with E. Gautier, Journal of Economic Dynamics and Control, 35, pp. 394-412.
  • « Restaurant prices and the minimum wage » with D .Fougère and E.Gautier, Journal of Money, Credit and Banking, 2010, 42(7) ,pp. 1199-1234.
  • « Some macroeconomic and monetary policy implications of new microeconomic evidence on wage dynamics »,(2010) with G.De Walque, J. Jimeno, M. Krause, S. Millard and F. Smets, Journal of the European Economic Association, Papers and Proceedings, 8(2-3) pp. 506-513
  • « 1958-2008 : avatars et enjeux de la courbe de Phillips » (2009), Revue de l’OFCE, n°111, octobre. 
  • « Examining Bias in Estimators of Linear Rational Expectations Models under Mis-specification » (2008), with E.Jondeau, Journal of Econometrics2008, 143 (2), pp. 375-395. . 
  • « Heterogeneity in price stickiness: a microeconometric investigation » (2007), with D. Fougère and P.Sevestre, Journal of Business and Economics Statistics, 25(3), pp. 247-264. 
  • « What do thirteen million price records have to say about consumer price rigidity? » (2007), with L. Baudry, P. Sevestre and S. Tarrieu,Oxford Bulletin of Economics and Statistics, vol. 69, n°2, pp.139-183. 
  • « Price changes in the euro area and the United States. Some facts from Individual Consumer Price Data » (2006), with E. Dhyne, L. Álvarez, G. Veronese, D. Dias, J. Hoffman, N. Jonker, P. Lünnemann, F. Rumler, J. Vilmunen, Journal of Economic Perspectives,vol 20 (2), pp. 171-192. 
  • « Sticky prices in the euro area: a summary of new micro-evidence. » (2006), with L. J. Álvarez , E. Dhyne, M. Hoeberichts, C. Kwapil, P. Lünnemann, F. Martins, R. Sabbatini, H. Stahl, P. Vermeulen and J. Vilmunen, Journal of the European Economic Association, vol. 4 (2-3), pp. 575-584. 
  • « Using structural balance data to test the Fiscal Theory of the Price Level: some international evidence » (2006), with J.Creel, Journal of Macroeconomics, vol. 28, pp. 338-360. 
  • « Testing for a forward-looking Phillips curve. Additional international evidence from European and US data. » (2005), with E. Jondeau,Economic Modelling ,vol. 22, pp. 521-550. 
  • « Tests de rupture : application au PIB tendanciel français » (2004), Economie et Prévision, n°163, pp. 133-154. 
  • « Assessing Generalized Method of Moments Estimates of the Federal Reserve reaction function » (2004), with C. Gallès and E. Jondeau,Journal of Business and Economics Statistics, vol. 22, n°2, pp. 225-239.

Updated on: 03/01/2019 11:28