Economic research

Toulouse School of Economics (TSE)

In 2007, the Banque de France and the Toulouse School of Economics (TSE) set up a partnership which has since been regularly renewed. The aim is to foster excellence in French economic research and place both institutions at the forefront of international economic debate and expertise. In 2012, the two institutions launched a series of prizes in the fields of monetary economics and finance, which are awarded by a joint jury that also includes external academics. Every two years, two Junior Prizes and one Senior Prize are awarded to academic researchers who have developed fundamental concepts to help us better understand monetary economics, finance and the banking system. These prizes reward excellence in research that contributes to improving central banks’ framework for action. The partnership also supports the TSE doctoral programme by allowing PhD students to carry out scientific internships at the Banque de France, under the joint responsibility of their TSE PhD supervisor and a Banque de France researcher. The two institutions also organise regular seminars in Paris, workshops bringing together their respective researchers, and academic conferences on topics of shared interest.

Paris School of Economics (PSE)

The Banque de France - PSE International Macroeconomics Chair fosters interaction between the two institutions with the aim of promoting research on international macroeconomics and the global monetary and financial system to inform economic policy decision-making. This interaction takes different forms, ranging from high-level conferences to cooperation on research. The partnership has expanded considerably since its creation in 2009 and was renewed in 2021.

Today, the Chair counts 48 members made up of Banque de France researchers and PSE teachers and doctoral students. Its renewal is in line with PSE's deeper commitment to cooperating with the Banque de France in various activities: co-organisation of high-level conferences and lectures; scientific cooperation; exchange of researchers; funding of research at the PSE.

The Banque de France has maintained a partnership with Sciences Po's Department of Economics since March 2012. As part of this initiative it has provided several rounds of financial sponsorship, helping to fund the rapid expansion of the department. In return, the Bank has benefited from increased interaction with faculty members, enabling it to raise the profile and quality of its own research. More recently, the partnership has organised joint numerous international conferences and research seminars. Senior economists from Sciences Po also regularly visit the Banque de France to discuss their work with researchers.

The Banque de France and FERDI have worked together for many years, covering issues related to development financing, economic and financial integration in Africa – notably in French-speaking countries – and the role of financial markets in development. They are also carrying out work on reforms to the international financial architecture and to multilateral institutions’ action in developing countries. The partnership fosters joint publications and research collaborations, notably through the attribution of research grants. It also organises biannual seminars and biennial international conferences.

The main tasks of the Regulation and Systemic Risk Research Initiative, or ACPR Regulation and Systemic Risk Chair, are to organise research activities, foster relations between the academic world and the ACPR, and build an international think-tank for proposals on systemic risk management. The Chair brings together the ACPR, the Toulouse School of Economics (TSE), HEC and the Fondation du Risque. Its research focuses on the analysis of macroprudential issues using a microprudential approach, with the aim of informing the public debate on financial regulation. For the ACPR, the goal is to contribute to advances in financial regulation by developing quantitative approaches led by prestigious teams based in France and abroad. This research should help to improve the measurement and management of systemic risks in the financial sector and preserve financial stability.

The Banque de France/EHESS Fondation France-Japon (FFJ) Fellowship has been active since 2015. Its purpose is to analyse Japanese macroeconomic trends since the start of the 1980s, along with the policies implemented by the Bank of Japan and the Japanese government. Under this partnership, the FFJ and Banque de France have set up a “Lab” aimed at strengthening ties between Japanese and French researchers by studying Japanese economic policies and their interaction with the rest of the world. The research programme is conducted by an international team of five to eight researchers with varying levels of experience, from different disciplines in the humanities and social sciences. The Fellowship also organises workshops, annual conferences and calls for papers, and researchers in the team are required to publish at least one academic paper over the duration of the project (FFJ Discussion Paper and/or paper in an academic journal).

The Visiting Scholar programme aims at offering external researchers the opportunity to carry on their research at the Banque de France and interact with the bank's research staff. Visits usually last a couple of weeks, but can be extended up to four weeks, depending on research projects, preferences and availabilities.

We invite applications from established researchers both in academia and public or international institutions (notably central banks). Candidates should hold a doctoral degree in Economics or Finance and be active researchers in fields of interest for the Bank (notably: macroeconomics and monetary policy, financial intermediation and financial stability, climate change mitigation and adaptation, growth and productivity). Young scholars are also encouraged to apply.

Selected applicants will receive funding to cover the travel and accommodation costs associated with their visit.

Applications shall be submitted by 08 December 2024 for visits planned during the period from January to December 2025. Responses to selected candidates will be sent by mid-December 2024.

Preference will be given to applications that have the potential to develop into a future research collaboration with the Banque de France staff.