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- Matthieu Lemoine
Matthieu Lemoine
Head of the Forecasting and Macroeconomic Analysis Division

Current Position
Head of the Forecasting and Macroeconomic Analysis Division
Previous Position
Senior Economist, Structural Policies Research Division
Diplomas
- PhD in Economics, Sciences Po Paris (2006)
- ENSAE (2000)
Research Interest
Applied macroeconomics, time series
Contact
- matthieu.lemoine@banque-france.fr
- +33 (0)1 42 97 77 51
- Banque de France, 46 1376 DCPM-SEMAP , 75049 Paris Cedex 01, France
Academic Publications
Articles
- « Energy tariff shield in France: what is the outcome? » (2024), avec A. Petronevich et A. Zhutova, Banque de France Bulletin, n° 253-4.
- « Explaining productivity losses observed in France since the pre-Covid period » (2024), avec A. Devulder, B. Ducoudré et T. Zuber, Banque de France Bulletin n° 251-1.
- « Fiscal Stimulus in Liquidity Traps: Conventional or unconventional policies? » (2023), avec J. Lindé, European Economic Review, vol. 151.
- « Comparing fiscal multipliers across models and countries in Europe » (2019), avec J. Kilponnen, M. Pisani, S. Schmidt et autres co-auteurs, International Journal of Central Banking, vol. 15-3.
- « Should euro area countries cut taxes on labour or capital in order to boost their growth? » (2018), avec P. Clerc et B. Castelletti-Font, Economic Modelling, vol. 71.
- « The Size and Evolution of the Government Spending Multiplier in France» (2018), avec G. Cléaud et P.-A. Pionnier, Annals of Economics and Statistics, vol. 127, Online Appendix.
- «Strategic fiscal revaluation or devaluation: why does the labor wedge matter» (2017), avec F. Langot, European Economic Review, vol. 91.
- «Fiscal consolidations under imperfect credibility» (2016), with J. Lindé, European Economic Review, vol. 88.
- « Assessing the losses in euro area potential productivity due to the financial crisis» (2014), avec V. Chouard, D. Fuentes Castro et D. Irac, Applied Economics, Vol. 46, Iss. 23, pp.
- « Impact of the crisis on potential growth: An approach based on unobserved component models » (in French), with M.-E. de la Serve and M. Chetouane, Revue de l’OFCE, n° 116, 2011.
- « A new production function estimate of the euro area output gap », avec G. L. Mazzi, P. Monperrus-Veroni et F. Reynès, Journal of Forecasting, vol. 29, n° 1-2, 2010.
- « From the financial crisis to the recession A comparison between France and the United States » (in French), with C. Blot, S. Le Bayon and S. Levasseur Revue de l’OFCE, n° 110, 2009.
- « Modelling the dynamic convergence of business cycles » dans “Growth and Cycle in the Eurozone”, eds. G. L. Mazzi and G. Savio, Palgrave McMillan, New York, 2007.
- « Using the multivariate Hodrick-Prescott filter for estimating the euro area output gap » (in French), with O. Chagny, Revue de l’OFCE n° 86, 2003.
- « Introduction to state-space models and the Kalman filter » (in French), with F. Pelgrin, Revue de l’OFCE n° 86, 2003.
- « European growth disrupted by a short cycle » (in French), with G. Bentoglio and J. Fayolle, Economie et Statistique n° 359-360, 2003.
- « Unity and plurality of the European cycle » with G. Bentoglio and J. Fayolle, Revue de l’OFCE n° 78, 2001.
Publications
Macroeconomic projections – December 2024
19th of December 2024
Macroeconomic projections
Forecasts
Interim macroeconomic projections –September 2024
18th of September 2024
Macroeconomic projections
Forecasts
15th of July 2024
Macroeconomic projections – June 2024
11th of June 2024
Macroeconomic projections
Forecasts
Explaining productivity losses observed in France since the pre-Covid period
11th of June 2024
Banque de France Bulletin
Macroeconomy
Interim macroeconomic projections – March 2024
12th of March 2024
Macroeconomic projections
Forecasts
Macroeconomic projections – December 2023
19th of December 2023
Macroeconomic projections
Forecasts
Macroeconomic projections – September 2023
18th of September 2023
Macroeconomic projections
Forecasts
10th of August 2023
Macroeconomic projections – June 2023
21st of June 2023
Macroeconomic projections
Economic conditions
Macroeconomic projections – March 2023
20th of March 2023
Macroeconomic projections
Forecasts
Macroeconomic projections – December 2022
17th of December 2022
Macroeconomic projections
Economic conditions
Macroeconomic projections – September 2022
16th of September 2022
Macroeconomic projections
Economic conditions
7th of September 2022
Macroeconomic projections – June 2022
21st of June 2022
Macroeconomic projections
Economic conditions
Macroeconomic projections – March 2022
13th of March 2022
Macroeconomic projections
Economic conditions
Macroeconomic projections – December 2021
19th of December 2021
Macroeconomic projections
Forecasts
Macroeconomic projections – September 2021
23rd of September 2021
Macroeconomic projections
Economic conditions
Macroeconomic projections – June 2021
18th of June 2021
Macroeconomic projections
Economic conditions
6th of January 2021
Macroeconomic projections – September 2020
14th of September 2020
Macroeconomic projections
Economic conditions
31st of October 2019