Yannick Kalantzis

Director of Macroeconomic Analysis and Forecasting

Yannick Kalantzis

Yannick Kalantzis is Director of Macroeconomic Analysis and Forecasting at the General Directorate of Statistics, Economics and International. He joined the Banque de France in 2010 as a research economist and has since held various positions in the fields of international economics, conjunctural analysis and forecasting. Prior to that, he worked as an economist at the French Treasury. His research covers various topics in international, financial, and monetary macroeconomics.

Current Position

Director of Macroeconomic Analysis and Forecasting

Previous Position

Head of the Euro Area Outlook Division, Banque de France (2015−2018)
Deputy Head of the Euro Area Outlook Division, Banque de France (2014−2015)
Senior Economist, International Macroeconomic Division, Banque de France (2010−2014)
Deputy Head of the Macroeconomic Policy and International Risks Division, French Treasury (2007−2010)

Diplomas

PhD in economics
École polytechnique and École Nationale des Ponts et Chaussées

Research Interest

International, financial, and monetary macroeconomics

Contact

yannick.kalantzis@banque-france.fr

Academic Publications

Articles

Money and Capital in a Persistent Liquidity Trap (2020), Journal of Monetary Economics, 116, with Philippe Bacchetta and Kenza Benhima
Financial fragility in small open economies: firm balance sheets and the sectoral structure” (2015), Review of Economic Studies, 82 (3).
Optimal Exchange Rate Policy in a Growing Semi-Open Economy” (2014), IMF Economic Review, 62 (1), with Philippe Bacchetta and Kenza Benhima.
Capital Controls with International Reserve Accumulation: Can this Be Optimal?” (2013), American Economic Journal: Macroeconomics, 5 (3), with Philippe Bacchetta and Kenza Benhima.
Wage and Productivity differentials in Japan. The Role of Labor Market Mechanisms” (2012), LABOUR: Review of Labour Economics and Industrial Relations, 26 (4), with Ryo Kambayashi and Sébastien Lechevalier.
Désindustrialisation et crise financière dans une économie émergente” (2005), Revue Économique 56 (3)

Autres

Does the Phillips curve still exist? (2018), Rue de la Banque 56, with C. Berson, L. De Charsonville, P. Diev, V. Faubert, L. Ferrara, S. Guilloux-Nefussi, A. Lalliard, J. Matheron and M. Mogliani
Low inflation in the euro area: import prices and domestic slack (2015), Rue de la Banque 6, with Nicolas Chatelais and Annabelle De Gaye
International Adjustment and Rebalancing of Global Demand: Where Do We Stand? (2014), Quarterly Selection of Articles, Bulletin de la Banque de France 33, with Soledad Zignago and Pascal Towbin.
The appreciating renminbi (2013), Vox column, January 9, with Philippe Bacchetta and Kenza Benhima.
Unconventional monetary policies, an appraisal (2009). with A. Bouveret, A. Brahmi, A. Olmedo, and S. Sorbe, Trésor Eco n°56, DG Trésor (reprinted in Économie et prévision, n°190–191, 2009).
Financial fragility in emerging market countries: firm balance sheets and the productive structure (2005), PSE Working Paper, 2005-17.