Thomas Garcia

Research Economist, Macroprudential Policy Division

Current Position

Research Economist in the Macroprudential Policy Division, Financial Stability Directorate

Research Interest

Non-bank financial intermediation, commercial real estate, crypto-assets.


  • PhD in Economics, GATE (Lyon) – QUT (Brisbane) , 2019
  • MA in Economics, Paris School of Economics, 2015
  • MS in Economics and Statistics, ENSAE, 2015


Academic Publications

  • Garcia T., Massoni S. and Villeval M.C. (2020), Ambiguity and Excuse-Driven Behavior in Charitable Giving, with. European Economic Review: 103412. [article]
  • Charness G., Garcia T., Offerman T. and Villeval M.C. (2020), Do risk-preference measures in the laboratory predict behavior under risk in and outside of the laboratory? Journal of Risk and Uncertainty: 60(2), 99-123. [article]
  • Belaïd F. and Garcia,T. (2016). Understanding the spectrum of residential energy-saving behaviours: French evidence using disaggregated data. Energy Economics, 57:204 – 214. [article]