Frédérique Savignac
Scientific Advisor
Frédérique Savignac is a Scientific Advisor in the Macroeconomic and Forcasting Department of the Banque de France. She received her PhD from Université Paris I-Panthéon-Sorbonne in 2006. Her research interest are mainly in Applied Microeconomics with emphasis on household finance, inequality and firm behaviour. She is a member of the CEPR Household Finance RPN.
Current Position
Scientific Advisor
Previous Position
- Head- Microeconomic Analysis Division
- Deputy head- Microeconomic Analysis Division
- Researcher - Finance research division (Banque de France)
- CREST (Phd student)
- Junior economist, Companies Directorate (Banque de France)
Diploma
PhD in Economics, Paris I Panthéon-Sorbonne University (2006)
Research Interest
Applied microeconomics, firms and households finance, inequality, social mobility
Contact
frederique.savignac@banque-france.fr
Academic publications
Articles
- The Heterogeneous Effects of Monetary Policy on Labor Income: Disentangling the Extensive and Intensive Margins with Paul Hubert, Journal of Political Economy Macroeconomics, 2024 2:4, 687-719.
- Firms' Inflation Expectations: New Evidence from France, with Olivier Coibion, Erwan Gautier, Yuriy Gorodnichenko, Journal of the European Economic Association, 2024.
- SMEs’ Financing in the Aftermath of the Financial and Sovereign Debt Crises: A Comparison across Euro-Area Countries, with Sébastien Roux, Journal of International Money and Finance, Volume 142, 2024, 103020.
- Simultaneously Incomplete and Incoherent (SII) Dynamic LDV Models: With an Application to Financing Constraints and Firms' Decision to Innovate, (with Vassilis Hajivassiliou), accepted Journal of Econometrics
- "Intergenerational Homeownership Correlation in France over the 20th Century", with B. Garbinti, NBER Book, 2021, Measuring and understanding the distribution and intra/inter-generational mobility of income and wealth, editors: Chandty, Friedman, Gornick, Kennickell.
- "Does inequality matter for the consumption-wealth channel? Empirical evidence", with L. Arrondel and P. Lamarche, 2019, European Economic Review, vol. 111(C), p. 139-165.
- "How do households allocate their assets? Stylized facts from the Eurosystem Household Finance and Consumption Survey" (2016), with Luc Arrondel, Laura Bartiloro, Pirmin Fessler, Peter Lindner, Thomas Y. Mathä, Cristiana Rampazzi, Tobias Schmidt, Martin Schürz, Philip Vermeulen, International Journal of Central Banking, vol 12, n°2, pp. 129-220.
- "Risk management, housing and Stockholding" (2015), avec Luc Arrondel, Applied Economics, vol. 47, Iss. 39, pp. 4208-4227.
- "Stockholding in France: the Role of Financial Literacy and Information" (2015), avec Luc Arrondel et Majdi Debbich, Applied Economics Letters, vol. 22, Iss. 16, pp. 1315-1319.
- "Financial Literacy and Financial Planning in France", with L. Arrondel and M. Debbich, 2013, Numeracy:Vol. 6: Iss. 2, Article 8.
- "The Impact of financial constraints on Innovation: What can be learned from a direct measure?", 2008, Economics of Innovation and New Technology, 17(6), p.553-569.
- « Quel mode de financement pour les jeunes entreprises innovantes : financement interne, prêts bancaires ou capital-risque ? », 2007, Revue Économique n° 58(4), p. 863-889]
Other
- Household property and debt in France, Germany, Spain and Italy: France’s unique situation (with F. Sédillot, S. Tarrieu, and J.P. Villetelle), BdF Bulletin, article 3
- Explaining the narrowing of the gender gap in lifetime earnings (with C. García Peñalosa, B. Garbinti and V. Pecheu), 2023, Blog Banque de France n° 333)
- What are business leaders’ inflation expectations? (with P. Bouche, J. Demuynck, E. Gautier), 2022, Blog Banque de France n°275
- Measuring Firms' Inflation Expectations (with P. Bouche, J. Demuynck, E. Gautier), 2022 BdF Bulletin n°236, article 6
- Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins, (with Paul Hubert), CEPR DP 18130 , BdF WP 913.
- Wealth Handerogeneity and the Marginal Propensity to Consume out of Wealth, with B. Garbinti and P. Lamarche Working Papers 2022-02, Center for Research in Economics and Statistics.
- Firms' Inflation Expectations: New Evidence from France, with Coibion, Olivier & Gautier, Erwan & Gorodnichenko, Yuriy CEPR Discussion Papers 17011, C.E.P.R. Discussion Papers.
- Novel approaches to coherency conditions in dynamic LDV models: quantifying financing constraints and a firm's decision and ability to innovate, with Vassilis Hajivassiliou, LSE Research Online Documents on Economics 102544, London School of Economics and Political Science, LSE Library]