Grégory Levieuge
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Grégory Levieuge is a Senior Research Economist at the Financial Economics Research Division of the Banque de France. He is on secondment from the Université d’Orléans (LEO, UMR CNRS) where he is Professor of Economics. From 2012 to 2015, he worked as a scientific consultant at the Macroeconomic Analysis and Forecasts Division of the Banque de France's Business Conditions and Macroeconomic Forecasting Directorate (DCPM-SEMAP). Grégory Levieuge has been a member of the Conseil National des Universités, the French consultative committee on the careers of lecturers and researchers, since 2011. His research mainly focuses on financial macroeconomics,monetary and macroprudential policies including in the context of climate change and energy transition. Around 30 of his articles have been published in peer-reviewed journals such as European Economic Review, Journal of Economic Dynamics and Control, Journal of International Money and Finance, Review of World Economics, World Economy, Southern Economic Journal, Journal of Financial Stability, Applied Economics, Journal of Economic Integration, Economic Modelling, Louvain Economic Review, Revue Economique.
Diplomas and Titles
Habilitation Thesis (French HDR, 2013)
PhD. in Economics, University of Orléans (LEO, France)
Current Position
Senior research economist
Previous Position
Full Professor, University of Orléans (since 2015)
Associate Professor, University of Orléans (2004-2015)
Scientific consultant at the Banque de France (DCPM-SEMAP, 2012-2015)
Research Interest
Financial macroeconomics, monetary policy and the political economy of central banking
Contact
gregory.levieuge@banque-France.fr
+33 (0)1 42 92 91 67
Banque de France, DGEI-DEMFI-RECFIN, 31 rue Croix des Petits Champs, 41-1391, 75049 Paris Cedex 01
Environmental Subsidies to Mitigate Net-Zero Transition Costs
- Published on 03/17/2023
- 48 pages
- EN
- PDF (3.08 MB)
Natural Disasters and Financial Stress: Can Macroprudential Regulation Tame Green Swans?
- Published on 05/25/2022
- 51 pages
- EN
- PDF (2.74 MB)
When Could Macroprudential and Monetary Policies Be in Conflict?
- Published on 04/07/2022
- 36 pages
- EN
- PDF (1.59 MB)
Downward Interest Rate Rigidity
- Published on 09/03/2021
- 47 pages
- EN
- PDF (3.43 MB)
Public spending, currency mismatch and financial frictions
- Published on 05/17/2021
- 33 pages
- EN
- PDF (2.4 MB)
The Cost of Banking Crises: Does the Policy Framework Matter?
- Published on 03/13/2019
- 46 pages
- EN
- PDF (2.45 MB)
Monetary Policy and Long-Run Systemic Risk-Taking
- Published on 09/14/2018
- 45 pages
- EN
- PDF (678.24 KB)
On the coherence and the predictive content of the French Bank Lending Survey’s indicators (in French)
- EN
- PDF (805.66 KB)
Explaining and forecasting bank loans. Good times and crisis
- EN
- PDF (704.44 KB)
Growth effect of FDI in developing economies: The role of institutional quality
- EN
- PDF (692.87 KB)
Why should central banks react strongly in the event of a crisis?, Bloc-notes Eco Ecopad, n.164, May 2020.
Credibility and effectiveness of monetary policy in emerging countries, Bloc-notes Eco Ecopad, n.113, April 2019.
Expliquer et prévoir l’évolution du crédit bancaire lorsque la conjoncture est favorable et en période de crise, La lettre de la Recherche de la Banque de France, 4ème trimestre 2017.
Les effets des IDE sur la croissance des pays en développement : le rôle de la qualité́ institutionnelle, La lettre de la Recherche de la Banque de France, 2ème semestre 2016.
Cohérence et contenu en information des indicateurs du Bank Lending Survey pour la France, Banque de France Working Paper, (2015), n. 567.
Explaining and forecasting bank loans. Good times and crisis, Banque de France Working Paper, (2015), n. 566.
Growth Effect of FDI in Developing Countries: The Role of Institutional Quality, Banque de France Working Paper, (2015), n. 559, with C. Jude.
Articles
Downward Interest Rate Rigidity, European Economic Review, (2021), with J-G Sahuc, Vol. 137, 103787, August.
Public spending, currency mismatch and financial frictions, Journal of International Money & Finance, (2021); with M-P. Hory and D. Onori, Vol. 116, 102413.
The cost of Banking Crises: Does the Policy Framework Matter?, Journal of International Money & Finance, (2021), with Y. Lucotte and F. Pradines-Jobet, Vol. 110.
How did Unconventional Monetary Policies impact Market Expectations? Revue d’Economie Politique, (2020), with D. Kanga, Vol. 130(2), pp. 231-256.
Central Banks’ Preferences and Banking Sector Vulnerability, Journal of Financial Stability, (2019), Vol. 40, pp.110-131, February, with Y. Lucotte and F. Pradines.
La politique monétaire doit-elle être utilisée à des fins de stabilité financière ?, Revue Française d’Economie, (2019), Vol. XXXIII, pp. 63-104, Janvier.
Central Bank Credibility and the Expectations Channel in Emerging Inflation-Targeting Countries: Evidence Based on a New Credibility Index, Review of World Economics, Vol. 154 (3), pp. 493-535, August, with Y. Lucotte and S. Ringuede.
Monetary Policy and Long-run Systemic Risk-Taking, Journal of Economic Dynamics and Control (2018), Vol. 86, pp.165-184, with G. Colletaz and A. Popescu.
An assessment of the effects of unconventional monetary policies on the cost of credit to non-financial companies in the Eurozone, (2017), Economics & Statistics, n. 494-496, with D. Kanga.
Growth Effect of FDI in Developing Countries: The Role of Institutional Quality, The World Economy, (2017), Vol. 40 (4), pp. 715-742, with C. Jude (Banque de France)
"Explaining and forecasting bank loans. Good times and crisis", Applied Economics, (2017), Vol. 49 (8), pp. 823-843.
Désintermédier : pourquoi, comment, et que peut-on en attendre ?, Revue d’Economie Financière, (2016), n. 123, pp. 147-174, with J.-P. Pollin.
Cohérence et contenu en information des indicateurs du Bank Lending Survey pour la France, Revue Française d’Economie, (2014), Vol. XXIX, n.2, pp. 245-287.
A Simple Empirical Measure of Central Banks' Conservatism, Southern Economic Journal, (2014), Vol. 81, n.2, pp. 409-434, with Y. Lucotte.
Les cibleurs d’inflation sont-ils monomaniaques ?, Revue Française d’Economie, (2013), Vol XXVIII, n.4, pp. 49-81, with Y. Lucotte.
Addressing Financial Heterogeneity in a Monetary Union, Journal of Economic Integration, (2013), Vol. 23 (3), pp. 482-506, with C. Badarau-Semescu.
Assessing the Effects of Financial Heterogeneity in a Monetary Union. A DSGE Approach, Economic Modelling, (2011), Vol. 28 (6), pp. 2451-2461, with C. Badarau-Semescu.
Financial Asymmetries, National Divergences and Macroeconomic Policy in a Monetary Union, in Monetary Policy after the Crisis, SUERF Study, (2011), ed., chapter 6, with C. Badarau-Semescu.
Les effets de richesse importent moins que les effets de bilan, Économie & Statistique, (2010), n. 438-440, pp. 141-149.
Introduction to the special Issue on Money, Banking and Finance, Brussels Economic Review, (2010), Co-editor, Vol. 53, n. 3-4, with S. Galanti.
The Fed and the ECB : Why such an apparent difference in reactivity ?, Journal of Financial Economic Policy, (2009), Vol 1 (4), pp. 319-337, with A. Penot.
Bank Capital Channel and Counter-Cyclical Prudential Regulation in a DSGE Model, Louvain Economic Review, (2009), n. 75 (4), pp. 425-460.
Les Indicateurs des Conditions Monétaires permettent-ils de prévoir l’activité économique ?, Revue de l'OFCE, (2008), n.105, pp. 91-116, with C. Blot.
Règle de Taylor vs Règle-ICM : Application à la Zone Euro, Revue Économique, (2006), vol.57(1), pp. 85-121.
Les banques comme vecteurs et amplificateurs des chocs financiers : le canal du capital bancaire, International Economics, (2005), n.104, pp. 65-95.
Politique monétaire et prix d'actifs : quelles issues ?, Revue de l'OFCE, (2005), n.93, pp. 1-39.
La neutralisation des mouvements et de l'impact des prix d'actifs doit-elle être du ressort de la politique monétaire ?, Revue d'Economie Financière, 2004, n.74, pp 253-284.
Politique monétaire avec information de marché : Application au spread de taux, Revue d'Économie Politique, (2003) Vol 113 (2,) pp. 233-254.
Banques Centrales et prix d'actifs : une étude empirique, Revue Française d'Économie, (2002), volume XVI, n.4, pp 25-57.
Working Papers
Natural Disasters and Financial Stress: Can Prudential Regulation Tame Green Swans?, with P. Avril and C. Turcu, INFER Working Paper Series 2021-13, LEO Working Paper 2021-17.
When could Macroprudential and Monetary Policies be in conflict?, with J. Garcia Revelo, LEO Working Paper, 2020-05, May.
Monetary Policy Transmission with Downward Interest Rate Rigidity, with J-G. Sahuc, LEO Working Paper (2020-02), April.
Foreign Currency Denominated Debt and the Fiscal Multiplier, SSRN Working Paper, (2018), with M-P. Hory and D. Onori.
Central Bank Credibility and the Expectations Channel in Emerging Inflation-Targeting Countries: Evidence Based on a New Credibility Index, National Bank of Poland Working Paper, (2017), n. 209, with Y. Lucotte and S. Ringuede.
Central Banks’ Preferences and Banking Sector Vulnerability, Working Paper of the Central Bank of Estonia, (2017), n.3, with Y. Lucotte and F. Pradines.
Implementing the Svensson's Approach to Determine Simple Optimal Monetary Policy Rules with ESTIMA RATS, LEO Working Paper, (2008), n. 01.
Updated on: 01/26/2022 11:50