Publications académiques

• D. Gauthier, Bank shocks and the debt structure, Macroeconomic Dynamics, 29, article e42 (2025).  
• C. Seghini, S. Dees, The green transition and public finances, Macroeconomic Dynamics, 29, article e152 (2025).
• D. Andreeva, A. Coman, M. Everett, M. Froemel, K. Ho, S. Lloyd, B. Meunier, J. Pedrono, D. Reinhardt, A. Wong, E. Wong, D. Żochowski, Negative rates, monetary policy transmission and cross-border lending via international financial centers, Journal of Financial Stability, 81, article 101474 (December 2025).
• V. Bignon, C. García-Peñalosa, The toll of tariffs: The impact of protectionism on education and fertility in late 19th century France, Journal of Economic Growth, 30 (4), p. 461-495 (December 2025).
• J. Garcia-Revelo, G. Levieuge, J.-G. Sahuc, Revisiting 15 years of unusual transatlantic monetary policies, Journal of International Money and Finance, 159, article 103441 (December 2025). 
• S. Lhuissier, B. Nguyen, Revisiting the Dynamic Impact of Asset Purchases: A Survey-Based Identification, Journal of Applied Econometrics, 40 (7), p. 846-861 (November/December 2025).    
• J. Barthélemy, E. Mengus, G. Plantin, Fiscal Dominance: Implications for Bond Markets and Central Banking, Annual Review of financial Economics, 17, p. 113-132 (November 2025).
• A. Bertheau, R. Vejlin, Job ladders by firm wage and productivity, Review of Economic Dynamics, 58, article 101307 (October 2025).   
• A. Pietsch, D. Salakhova, Pricing of green bonds: Greenium dynamics and the role of retail investors, Journal of International Financial Markets, Institutions and Money, 104, article 102211 (October 2025)
• P. Aldama, H. Le Bihan, C. Le Gall, What caused the post-pandemic inflation in France? An analysis using the Bernanke–Blanchard model, Journal of Macroeconomics, 85, article 103699 (September 2025).  
• O. de Bandt, L.-C. Kuntz, N. Pankratz, F. Pegoraro, H. Solheim, G. Sutton, A. Takeyama, F. D. Xia, The effects of climate change-related risks on banks: A literature review, Journal of Economic Surveys, 39 (4), p. 1553-1594 (September 2025).
• C. Grosse-Steffen, L. Pagenhardt, M. Rieth, Committed to flexible fiscal rules, Journal of Monetary Economics, 154, article 103809 (September 2025).   
• T. Allen, M. Boullot, S. Dées, A. de Gaye, N. Lisack, C. Thubin, O. Wegner, Using short-term scenarios to assess the macroeconomic impacts of climate transition, Energy Economics, 148, article 108663 (August 2025).
• S. Basco, M. Liégey, M. Mestieri, G. Smagghue, Import competition and labor regulation: Worker-level evidence, Economics Letters, 254, article 112421 (August 2025). 
• P. Fadda, R. Hanifi, K. Istrefi, A. Penalver, Central bank communication of uncertainty, Journal of International Money and Finance, 157, article 103385 (August 2025)
• T. Lemaire, P. Vertier, International Commodity Prices Transmission to Consumer Prices in Africa, The World Bank Economic Review, 39 (3), p. 522-552 (August 2025).   
• F. Alvarez, A. Ferrara, E. Gautier, H. Le Bihan, F. Lippi, Empirical Investigation of a Sufficient Statistic for Monetary Shocks, Review of Economic Studies, 92 (4), p. 2165-2196 (July 2025).     
• S. Dupraz, E. Nakamura, J. Steinsson, A plucking model of business cycles, Journal of Monetary Economics, 152, article 103766 (June 2025)      
• J.-B. Gossé, J. Ramos-Tallada, P.-F. Weber, Une Union pour l’épargne et l’investissement pour financer les défis d’avenir en Europe, Revue d’Économie Financière, 158, p. 209-221 (2e trimestre 2025).  
• M. G. Palladino, A. Roulet, M. Stabile, Narrowing industry wage premiums and the decline in the gender wage gap, Labour Economics, 94, article 102693 (June 2025)   
• A. Penalver, D. Siena, The Deflationary Bias of the ZLB and the Fed's Strategic Response, Journal of Money, Credit and Banking, 57 (4), p. 1045-1064 (June 2025)   
• P. Aghion, S. Bunel, X. Jaravel, T. Mikaelsen, A. Roulet, J. Søgaard, How Different Uses of AI Shape Labor Demand: Evidence from France, AEA Papers and Proceedings, 115, p. 62-67 (May 2025)
• A. d'Aspremont, S. Ben Arous, J.-C. Bricongne, B. Lietti, B. Meunier, Satellites turn “concrete”: Tracking cement with satellite data and neural networks, Journal of Econometrics, 249 (Part C), article 105923 (May 2025).
• A. Florio, D. Siena, R. Zago, Global value chains and the Phillips curve: A challenge for monetary policy, European Economic Review, 174, article 104966 (May 2025)   
• C. Jude, G. Levieuge, Doubling down: The synergy of CCyB release and monetary policy easing, Journal of International Money and Finance, 155, article 103330 (May 2025)   
• M. London, M. Silvestrini, US monetary policy spillovers to emerging markets: The role of trade credit, Journal of International Economics, 155, article 104064 (May 2025).
• P. Avril, G. Levieuge, C. Turcu, Natural disasters and financial stress: can macroprudential regulation tame green swans?, Journal of International Money and Finance, 154, article 103325 (April 2025)
• E. Taugourdeau, S. Zignago, La place des femmes dans la recherche en économie et en finance : des progrès, mais peut (beaucoup) mieux faire, Revue d'économie financière, 157, p. 73-84 (1er trimestre 2025)
• C. da Piedade, L. Jacolin, P. Plane, Exchange rate undervaluation and African surges: What do we learn from exported products?, The World Economy, 48 (3), p. 535-574 (March 2025).
• C. Cahn, A. Duquerroy, W. Mullins, Unconventional Monetary Policy Transmission and Bank Lending Relationships, Management Science, 71 (2), p. 1187-1212 (February 2025).
• A. Goliński, J. Madeira, D. Rambaccussing, Return predictability, dividend growth, and the persistence of the price–dividend ratio, International Journal of Forecasting, 41 (1), p. 92-110 (January-March 2025).
• J.-C. Bricongne, J. Carluccio, L. Fontagné, G. Gaulier, S. Stumpner, From macro to micro: Large exporters coping with global crises, Journal of International Economics, 153, article 104037 (January 2025).
• L. Dubois, J.-G. Sahuc, G. Vermandel, A general equilibrium approach to carbon permit banking, Journal of Environmental Economics and Management, 129, article 103076 (January 2025).
• S. Basco, M. Liégey, M. Mestieri, G. Smagghue, The effect of import competition across occupations, Journal of International Economics, 153, article 104001 (January 2025).

• O. de Bandt, B. Deffains, Innovations économiques et juridiques face aux défis climatiques, Revue d'économie industrielle 188, p. 1-15 (4e Trimestre 2024).
• O. de Bandt, B. Deffains, Quelles innovations en matière de définition de la politique industrielle face au changement climatique ?, Revue d'économie industrielle 188, p. 17-37 (4e Trimestre 2024).
• J. S. Mora-Sanguinetti, C. Peñasco, R. Spruk, The impact of “green regulation” on firm innovation, Revue d'économie industrielle 188, p. 39-87 (4e Trimestre 2024)
• P. Hubert, F. Savignac, The Heterogeneous Effects of Monetary Policy on Labor Income: Disentangling the Extensive and Intensive Margins, Journal of political Economy: Macroeconomics, 2 (4), p. 687-719 (December 2024).
• C. Serfaty, Sovereign Default and International Trade, IMF Economic Review, 72 (4), p. 1449-1501 (December 2024).
• O. Coibion, E. Gautier, Y. Gorodnichenko, F. Savignac, Firms’ Inflation Expectations: New Evidence from France, Journal of the European Economic Association, 22 (6), p. 2748-2781 (December 2024).
• P. Cotterlaz, G. Gaulier, A. Sztulman, D. Ünal, Broadening the definition of healthcare products in global trade: Insights from a new classification,  International Economics, 180, article 100561 (December 2024).
• K. Arvai, The political economy of currency unions, Journal of International Economics, 152, article 103991 (November 2024) 
• A. Berthou, T. Mayer, J.-S. Mésonnier, Good connections: Bank specialization and the tariff elasticity of exports, Journal of International Economics, 152, article 104021 (November 2024).
• A. Berthou, S. Stumpner, Trade under lockdown, Journal of International Economics, 152, article 104013 (November 2024).
• C. Cantore, P. Meichtry, Unwinding quantitative easing: State dependency and household heterogeneity, European Economic Review, 170, article 104865 (November 2024)
• C. Peñasco, From policy to practice: The role of national policy instruments and social barriers in UK energy efficiency adoption in households, Energy Policy, 194, article 114308 (November 2024).
• C. Altavilla, M. Bussière, J. Galí, Y. Gorodnichenko, R. S. Gürkaynak, H. Rey, A research program on monetary policy for Europe, Journal of Monetary Economics, 17 (Sup), article 103673 ( October 2024).
• J Barthélemy, S. Cho, M. Marx, A unified approach to determinacy conditions with regime switching, Review of Economic Dynamics, 54, article 101240 (October 2024). 
• F. Odendahl, M. S. Pagliari, A. Penalver, B. Rossi, G. Sestieri, Euro area monetary policy effects. Does the shape of the yield curve matter?, Journal of Monetary Economics, 147 (Sup.), article 103617 (October 2024).
• C. Conflitti, E. Gautier, R. P. Faber, B. Fabo, L. Fadejeva, V. Jouvanceau, J.-O. Menz, T. Messner, P. Petroulas, P. Roldan-Blanco, F. Rumler, S. Santoro, E. Wieland, H. Zimmer, New Facts on Consumer Price Rigidity in the Euro Area, American Economic Journal: Macroeconomics, 16 (4), p. 386-431 (October 2024).
• M. Girotti, G. Horny, Bank Market Value and Loan Supply, Journal of Financial Services Research, 66 (2), p. 171-192 (October 2014).
• C. Alestra, G. Cette, V. Chouard, R. Lecat, How can technology significantly contribute to climate change mitigation?, Applied Economics, 56 (41), p. 4925-4937 (September 2024).
• C. Blot, C. Bozou, J. Creel, P. Hubert, Same actions, different effects: The conditionality of monetary policy instruments, Journal of Monetary Economics, 147 (Sup.), article 103596 (October 2024).
• J. Barthélemy, E. Mengus, G. Plantin, The central bank, the treasury, or the market: Which one determines the price level?, Journal of Economic Theory, 220, article 105885 (September 2024).
• C. Blot, P. Hubert, F. Labondance, The asymmetric effects of monetary policy on stock price bubbles, European Economic Review, 168, article 104824 (September 2024)
• G. Barba Navaretti, L. Fontagné, G. Orefice, G. Pica, A. C. Rosso, TBTs, firm organization and labor structure, Review of International Economics, 32 (3), p.958-992 (August 2024).
• S. Herbert, H. Kingi, F. Stanchi, L. Vilhuber, Reproduce to validate: A comprehensive study on the reproducibility of economics research, Canadian Journal of Economics, 57 (3), p. 961-988 (August 2024).
• M. Lé, F. Vinas, Firm Listing Status, Firm Size, and the Financing of Investment, The Review of Corporate Finance Studies, 13 (3), p. 818-857 (August 2024). 
• B. Bureau, A. Duquerroy, F. Vinas, Activity Shocks and Corporate Liquidity: the Role of Trade Credit, The review of Corporate Finances Studies, 13 (3), p. 668-711 (August 2024).
• J. Barthélémy, E. Mengus, Time-consistent implementation in macroeconomic games, Theoretical Economics, 19 (3), p. 1119-1150 (July 2024).
• D. Siena, R. Zago, Job Polarisation, Labour Market Fluidity and the Flattening of the Phillips Curve, Economic Journal, 134 (661), P. 2141-2174 (July 2024).
• B. Eichengreen, C. Macaire, A. Mehl, E. Monnet, A. Naef, Currency internationalization with Chinese characteristics: Is capital-account convertibility required for the renminbi to acquire reserve-currency status?, International Finance, 27 (2), p. 102-128 (Summer 2024).
• E. Jondeau, B. Mojon, J.-G. Sahuc, Bank Rollover Risk and Liquidity Supply Regimes, International Journal of Central Banking, 20 (3), p. 373-454 (June 2024).
• R. Lecat, D. Pasquier de Franclieu, Convergence and Capital Flows in Europe: The Role of Financial Intermediation and Investor Quality, De Economist, 172 (2), p. 101-119 (June 2024).
• J.-B. Gossé, C. Jehle, Benefits of diversification in EU capital markets: Evidence from stock portfolios, Economic Modelling, 135, article 106725 (June 2024).
• T. Nicolas, Bank market power and interest rate setting: why consolidated banking data matter, European Journal of Finance, 30 (9), p. 980-1007 (June 2024).
• P. Aghion, A. Bergeaud, M. Lequien, M. Melitz, T. Zuber, Opposing Firm-Level Responses to the China shock: Output Competition versus Input Supply, American Economic Review: Economic Policy, 16 (2), p. 249-269 (May 2024).
• P. Antipa, C. Chamley, Coordinating monetary and fiscal policies in Britain during the French Wars (1793–1821), European Review of Economic History, 28 (2), p. 225-253 (May 2024).
• P. Piveteau, G. Smagghue, Foreign Competition along the Quality Ladder, The Economic Journal, 134 (660), p. 1578-1636 (May 2024).
• S. Mouabbi, J.-P. Renne, J.-G. Sahuc, Debt-stabilizing properties of GDP-linked securities: A macro-finance perspective, Journal of Banking and Finance, 162, article 107131 (May 2024)
• L. Fontagné, A. Reshef, G. Santoni, G. Vannelli, Automation, global value chains and functional specialization, Review of International Economics, 32 (2), p. 662-691 (May 2024).
• S. Dupraz, H. Le Bihan, J. Matheron, Make-up strategies with finite planning horizons but infinitely forward-looking asset prices, Journal of Monetary Economics, 143, article 103542 (April 2024).
• S. Roux, F. Savignac, SMEs’ financing in the aftermath of the financial and sovereign debt crises: A comparison across euro area countries, Journal of International Money and Finance, 142, article 103020 (April 2024)
• G. Covi, M. Deipenbrock, L. Del Vecchio, P. Fiedor, G. Fukker, M. Gehrend, R. Gourdel, A. Grassi, B. Hilberg, M. Kaijser, G. Kaoudis, L. Mingarelli, M. Montagna, T. Piquard, D. Salakhova, A. Schilte, M. Sydow, N. Tente, Shock amplification in an interconnected financial system of banks and investment funds, Journal of Financial Stability, 71, article 101234 (April 2024).
• S. Dupraz, A Kinked-Demand Theory of Price Rigidity, Journal of Money, Credit and Banking, 56 (2-3), p. 235-363 (March-April 2024).
• E. Gautier, J. Montornès, Les effets hétérogènes de l'inflation en France et dans la zone euro, Revue d’Économie Financière, 153, p. 193-211 (1er trimestre 2024).
• P. Barbrook-Johnson, J.-F. Mercure, S. Sharpe, C. Peñasco, C. Hepburn, L. Diaz Anadon, J. D. Farmer, T. M. Lenton, Economic modelling fit for the demands of energy decision makers, Nature Energy, 9 (3), p. 229-231 (March 2024).
• V. Fleuriet, P. Vertier, Does the G20 Compact with Africa Foster Economic Growth: Evidence From Synthetic Differences, Economics Letters, 236, article 111570 (March 2024)
• C. Cahn, M. Girotti, F. Salvadè, Credit Ratings and the Hold-Up Problem in the Loan Market, Management Science, 70 (3), p. 1343-1356 (March 2024).
• N. Coimbra, H. Rey, Financial Cycles with Heterogeneous Intermediaries, The Review of Economic Studies, 91 (2), p. 817-857 (March 2024).
• O. de Bandt, B. Durdu, H. Ichiue, Y. Mimir, J. Mohimont, K. Nikolov, S. Roehrs, J.-G. Sahuc, V. Scalone, M. Straughan, Assessing the Impact of Basel III: Review of Transmission Channels and Insights from Policy Models, International Journal of Central Banking, 20 (1), p. 1-52 (February 2024).
• K. Baret, A. Barbier-Gauchard, T. Papadimitriou, Forecasting stability and growth pact compliance using machine learning, The World Economy, 47 (1), p. 188-216 (January 2014).
• V. Hajivassiliou, F. Savignac, Simultaneously Incomplete and Incoherent (SII) Dynamic LDV Models: With an Application to Financing Constraints and Firms’ Decision to Innovate, Journal of Econometrics, 238 (1), article 105546 (January 2024).
• L. Fontagné, M. Limardi, The Generalized System of Preferences and NGO activism, Journal of Development Economics, 166, article 103207 (January 2024).
• L. Fontagné, P. Martin, G. Orefice, The many channels of firm’s adjustment to energy shocks: evidence from France, Economic Policy, 39 (117), p. 5-43 (January 2024).

• N. Berardi, The Elusive Law of One Retail Chain Price, Journal of Industry, Competition and Trade, 23 (3-4), p. 261-281 (December 2023).
• E. Gautier, M. Marx, P. Vertier, How Do Gasoline Prices Respond to a Cost Shock?, Journal of Political Economy Macroeconomics, 1 (4), p.707–741 (December 2023).
• M.-P. Hory, G. Levieuge, D. Onori, The fiscal multiplier when debt is denominated in foreign currency, International Economics, 176, article 100458 (December 2023).
• A. Espic, Public debt as private liquidity: the Poincaré experience (1926–1929), Financial History Review , 30 (3), pp. 308 -329 (December 2023)
• J. Carluccio, E. Gautier, S. Guilloux-Nefussi, Dissecting the impact of imports from low-wage countries on inflation, European Economic Review, 160, article 104613 (November 2023).
• H. Camatte, G. Daudin, V. Faubert, C. Rifflart, Estimating the elasticity of consumer prices to the exchange rate: An accounting approach, Journal of International Money and Finance, 137, article 102913 (October 2023).
• F. Bec, R. Boucekkine, C. Jardet, Why Are Inflation Forecasts Sticky? Theory and Application to France and Germany, International Journal of Central Banking, 19 (4), p. 215-250 (Octobre 2023).
• M. Girotti, G. Horny, Monetary policy transmission through banks when liquidity is abundant but unevenly distributed, Finance Research Letters, 56, article 104061 (September 2023).
• F. Cumming, P. Hubert, The Distribution of Households’ Indebtedness and the Transmission of Monetary Policy, The Review of Economics and Statistics, 105 (5), p.1304–1313 (September 2023).
• P. Andrade, E. Gautier, E. Mengus, What matters in households’ inflation expectations?, Journal of Monetary Economics, 138, p. 50-68 (September 2023).
• C. Malgouyres, T. Mayer, C. Mazet-Sonilhac, Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms: Comment, American Economic Review, 113 (8), p. 2270-2286 (August 2023).
• C. Jardet, C. Jude, M. Chinn, Foreign direct investment under uncertainty evidence from a large panel of countries, Review of International Economics, 31 (3), p.854-885 (August 2023).
• S. Dupraz, S. Guilloux-Neffussi , A. Penalver, A Pitfall of Cautiousness in Monetary Policy, International Journal of Central Banking, 19 (3), p. 269-323 (August 2023).
• A. Naef, J. P. Weber, How Powerful Is Unannounced, Sterilized Foreign Exchange Intervention?, Journal of Money, Credit and Banking, 55 (5), p.1307-1319 (August 2023).
• L. Fontagné, N. Rocha, M. Ruta, G. Santoni, The Economic Impact of Deepening Trade Agreements, The World Bank Economic Review, 37 (3),  p. 366–388 (August 2023).
• J. Cariolle, M. Le Goff, Spatial Internet Spillovers in Manufacturing, Journal of Development Studies, 59 (8), p. 1163-1186 (August 2023)
• C. Bellora, L. Fontagné, EU in search of a Carbon Border Adjustment Mechanism, Energy Economics, 123, article 106673 (July 2023)
• J.-C. Bricongne, S. Delpeuch, M. Lopez-Forero, Productivity slowdown and tax havens: Where is measured value creation?, Journal of International Economics, 143, article 103757 (July 2023).
• A. Elgouacema, R. Zago, Share Buybacks, Monetary Policy and the Cost of Debt, International Journal of Central Banking, 19 (2), p. 295-349 (June 2023).
• K. Baret, Fiscal rules’ compliance and Social Welfare, Annals of Economics and Statistics, 150, p. 25-66 (June 2023)
• J. Hergueux, G. Smagghue, The dominance of skill in online poker, International Review of Law and Economics, 74, article 106119 (June 2023).
• K. Istrefi, F. Odendahl, G. Sestieri, Fed communication on financial stability concerns and monetary policy decisions: Revelations from speeches, Journal of Banking & Finance, 151, article 106820 (June 2023)
• E. Monnet, M. Vari, A Dilemma between Liquidity Regulation and Monetary Policy: Some History and Theory, Journal of Money, Credit and Banking, 55 (4), p. 915-944 (June 2023).
• G. Demange, T. Piquard, On the choice of central counterparties in the EU, Journal of Financial Markets, 64, article 100819 (June 2023).
• J. Coffinet, T. Nicolas, La relation bancaire : un atout pour le financement des petites et moyennes entreprises françaises en situation de crise, Revue d’Économie Financière, 150, p. 75-88 (2er trimestre 2023).
• P. Aghion, C. Antonin, S. Bunel, X. Jaravel, The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France, AEA Papers and Proceedings, 113, p. 219-223 (May 2023).
• M. Bordo, K. Istrefi, Perceived FOMC: The making of hawks, doves and swingers, Journal of Monetary Economics, 136, p. 125-143 (May 2023).
• J.-C. Bricongne, S. Franco Bedoya, M. Lopez Forero, The proximity-concentration trade-off with multi-product firms: Are exports and FDI complements or substitutes?, The World Economy, 46 (5), p. 1264-1289 (May 2023).
• G. Belly, L. Boeckelmann, C. M. Caicedo Graciano, A. Di Iorio, K. Istrefi, V. Siakoulis, A. Stalla-Bourdillon, Forecasting sovereign risk in the Euro area via machine learning, Journal of Forecasting, 42 (3), p. 657-684 (April 2023).
• J. Creel, P. Hubert, F. Labondance, Credit, banking fragility, and economic performance Get access Arrow, Oxford Economic Papers, 75 (2), p. 553-573 (April 2023).
• H. Le Bihan, M. Marx, J. Matheron, Inflation tolerance ranges in the New Keynesian model, European Economic Review, 143, article 104398 (April 2023).
• A. Allegret, J.-P. Allegret, D. Ibrahim, Financial asymmetries between Euro area and the United States: An international political economy perspective, Journal of Policy Modeling, 45 (2), p.266-285 (March–April 2023).
• J.-C. Bricongne, B. Meunier, S. Pouget, Web-scraping housing prices in real-time: The Covid-19 crisis in the UK, Journal of Housing Economics, 59 (PartB), article 101906 (March 2023).
• D. Sabes, J.-G. Sahuc, Do yield curve inversions predict recessions in the euro area?, Finance Research Letters, 52, article 103416 (March 2023).
• K. Assogbavi, S. Dées, Environmental Policy and the CO2 Emissions Embodied in International Trade, Environmental and Resource Economics, 84 (2), p. 507–527 (February 2023).
• J. Carluccio, C. Mazet-Sonilhac, J. Mésonnier, Private firms, corporate investment and the WACC: evidence from France, The European Journal of Finance, 29 (1), p. 86-110 (January 2023)
• M. Lemoine, J. Lindé, Fiscal stimulus in liquidity traps: Conventional or unconventional policies?, European Economic Review, 151, article 104423 (January 2023).
• C. Macaire, A. Naef, Greening monetary policy: evidence from the People’s Bank of China, Climate Policy, 23 (1), p. 138-149.

2022

• O. de Bandt, G. Overton, Why do insurers fail? A comparison of life and nonlife insurance companies from an international database, Journal of Risk and Insurance, 80 (4), p.871-905 (December 2022).
• S. Dées, J. Ramos-Tallada, Prudential policy spillovers: How do international bank flows react to French policies?, International Economics, 172, p. 414-430 (December 2022).
• L. Fontagné, E. Perego, G. Santoni, MaGE 3.1: Long-term macroeconomic projections of the World economy, International Economics, 172, p. 168-189 (December 2022).
• K. Adam, E. Gautier, S. Santoro, H. Weber, The case for a positive euro area inflation target: Evidence from france, germany and Italy, Journal of Monetary Economics, 132, p. 140-153 (November 2022).
• D. Siena, R. Zago, Employment protection legislation matters for the Phillips Curve, Economics Letters, 220, article 110883 (November 2022)
• E. Gautier, S. Roux, M. Suarez Castillo, How do wage setting institutions affect wage rigidity? Evidence from French micro data, Labour Economics, 78, article 102232 (October 2022).
• E. Jondeau, J.-G. Sahuc, Bank capital shortfall in the euro area, Journal of Financial Stability, 62, article 101070 (October 2022).
• E. Gautier, J. Montornès, Les anticipations d’inflation des ménages en France : leçons d’une nouvelle enquête et de la crise du Covid-19, Economie et Statistique / Economics and Statistics, 534-35, p. 3-19.
• M. Bussière, M. Chinn, L. Ferrara, J. Heipertz, The New Fama Puzzle, IMF Economic Review, 70 (3), p. 451-486 (September 2022).
• B. Eichengreen, A. Naef, Imported or home grown? The 1992–3 EMS crisis, Journal of International Economics, 138, article 103654 (September 2022).
• A. Filardo, P. Hubert, P. Rungcharoenkitkul, Monetary policy reaction function and the financial cycle, Journal of Banking & Finance, 142, article 106536 (September 2022).
• C. Jardet, B. Meunier, Nowcasting world GDP growth with high-frequency data, Journal of foresacting, 41 (6), p. 1181-1200 (September 2022).
• J. Pedrono, The currency channel of the global bank leverage cycle, Journal of International Money and Finance, 126, article 102652 (September 2022).
• C. Cornand, P. Hubert, Information frictions across various types of inflation expectations, European Economic Review, 146, article 104175 (July 2022).
• L. Fontagné, H. Guimbard, G. Orefice, Tariff-based product-level trade elasticities, Journal of International Economics, 137, article 103593 (July 2022).
• E. Gautier, H. Le Bihan, Shocks versus Menu Costs: Patterns of Price Rigidity in an Estimated Multisector Menu-Cost Model, The Review of Economics and Statistics, 104 (4) p. 668-685 (July 2022).
• J. Schmidt, W. Steingress, No double standards: Quantifying the impact of standard harmonization on trade, Journal of International Economics, 137, article 103619 (July 2022)
• B. Bureau, A. Duquerroy, J. Giorgi, M. Lé, S. Scott, F. Vinas, One Year of COVID: What Impact Did the Pandemic Have on the Economic Activity of French Companies? Construction of Individual Counterfactuals and Diagnoses for 2020, Economie et Statistique / Economics and Statistics, 532‑33, p. 3–23.
• B. Bureau, A. Duquerroy, J. Giorgi, M. Lé, S. Scott, F. Vinas, A Granular Examination of the Impact of the Health Crisis and the Public Support Measures on French Companies’ Financial Situation, Economie et Statistique / Economics and Statistics, 532‑33, p. 25-45.
• F. Dufourt, L. Kerdelhué, O. Piétri, Budget-neutral capital tax cuts, Annals of Economics and Statistics, 146, pp. 93-122 (June 2022).
• P. Aldama, J. Creel, Real-time fiscal policy responses in the OECD from 1997 to 2018: Procyclical but sustainable?, European Journal of Political Economy, 73, article 102135 (June 2022).
• J. D. Garcia Revelo, G. Levieuge, When could Macroprudential and Monetary Policies be in Conflict?, Journal of Banking & Finance, 139, article 106484 (June 2022)
• M. Girotti, B. Nguyen, J.-G. Sahuc, A tiering rule to balance the impact of negative policy rates on banks, Finance Research Letters, 47 (Part A), article 102589 (June 2022)
• S. Lhuissier, U. Szczerbowicz, Monetary Policy and Corporate Debt Structure, Oxford Bulletin of Economics and Statistics, 84 (3), p. 497-515 (June 2022)
• T. Jourde, The rising interconnectedness of the insurance sector, Journal of Risk and Insurance, 89 (2), p. 397-425 (June 2022).
• V. Bignon, P. Sicsic, Quelles leçons de l’histoire ? ou comment faire face aux fortes augmentations de dette publique ?, Revue d’Économie Financière, 146, p. 41-66.
• M. Le Goff, T. Lemaire, Financial inclusion and international migration in a context of climate instability, Revue d’Économie du Développement, 31 (2022/2), p. 211-217.
• M. Beatriz, J. Coffinet, T. Nicolas, Relationship lending and SMEs’ funding costs over the cycle: Why diversification of borrowing matters, Journal of Banking & Finance, 138, article 105471 (May 2022).
• M. Girotti, F. Salvadè, Competition and Agency Problems Within Banks: Evidence from Insider Lending, Management Science, 68 (5), p. 3791-3812 (May 2022).
• A. Epaulard, C. Zapha, Bankruptcy costs and the design of preventive restructuring Procedures, Journal of Economic Behavior and Organization, 196, p. 229-250 (April 2022).
• L. Ferrara, M. Mogliani, J.-G. Sahuc, High-frequency monitoring of growth at risk, International Journal of Forecasting, 38 (2), p. 582-595 (April-June 2022).
• S. Lhuissier, Financial conditions and macroeconomic downside risks in the euro area, European Economic Review, 143, article 104046 (April 2022).
• J.-S. Mésonnier, C. O’Donnell, O. Toutain, The Interest of Being Eligible, Journal of Money, Credit and Banking, 54 (2-3), p. 425-458 (March-April 2022).
• A. Berthou, G. Horny, J.-S. Mésonnier, The real effects of invoicing exports in dollars, Journal of International Economics, 135, article 103569 (March 2022).
• F. Cumming, P. Hubert, House prices, the distribution of household debt and the refinancing channel of monetary policy, Economics Letters, 212, article 110280 (March 2022).
• C. Macaire, A. Naef, P.-F. Weber, Réserves de change : vers un nouveau normal ?, Revue d’Économie Financière, 145, p. 129-146 (1er trimestre 2022).
• M. Bussière, B. Cabrillac, A. Naef, Filet de sécurité financière international et accords régionaux : quel équilibre ?, Revue d’Économie Financière, 145, p. 147-161 (1er trimestre 2022).
• J.-S. Mésonnier, Banks’ climate commitments and credit to carbon-intensive industries: new evidence for France, Climate Policy, 22 (3), p.389-400 (March 2022)
• C. Alestra, G. Cette, V. Chouard, R. Lecat, Growth impact of climate change and response policies: The advanced climate change long-term (ACCL) model, Journal of Policy Modeling, 44 (1), p. 96-112 (January-February 2022).
• P. Andrade, O. Coibion, E. Gautier, Y. Gorodnichenko, No firm is an island? How industry conditions shape firms’ expectations, Journal of Monetary Economics, 125, p. 40-56 (January 2022).
• N. Coimbra, D. Kim, H. Rey, Central Bank Policy and the concentration of risk: Empirical estimates, Journal of Monetary Economics, 125, P. 182-198 (January 2022).
• V. Legroux, I. Rahmouni-Rousseau, U. Szczerbowicz, N. Valla, Stabilising virtues of central banks: (Re)matching bank liquidity, Journal of Banking & Finance, 134, article 106323 (January 2022)
• G. Smagghue, Heterogeneous policy distortions and the labor share, Review of Economic Dynamics, 43, p. 56-79 (January 2022)

2021

• S. Bunel, M. Sicsic, Aides à la R&D : Pratiques internationales et revue de la littérature sur leurs effets, Revue de l'OFCE, 175, p.135-164 (Décembre 2021).
• V. Bignon, B. Cabrillac, F. Villeroy de Galhau, Les défis posés à la politique monétaire par un environnement plus exigeant, Revue d'Économie Financière, 144, p. 107-121 (4e trimestre 2021).
• C. Gouriéroux, A. Monfort, S. Mouabbi, J.-P. Renne, Disastrous Defaults, Review of Finance, 25 (6), p. 1727-1772 (November 2021).
• C. Malgouyres, T. Mayer, C. Mazet-Sonilhac, Technology-induced trade shocks? Evidence from broadband expansion in France, Journal of International Economics, 133, article 103520 (November 2021).
• M. Marx, B. Mojon, F. Velde, Why have interest rates fallen far below the return on capital?, Journal of Monetary Economics, 124 (Supplement), p. 557-576 (November 2021).
• S. Lhuissier, F. Tripier, Regime‐dependent effects of uncertainty shocks: A structural interpretation, Quantitative Economics, 12 (4), p. 1139-1170 (November 2021).
• P. Andrade, J. Gali, H. Le Bihan,J. Matheron, Should the ECB adjust its strategy in the face of a lower r★?, Journal of Economic Dynamics and Control, 132, article 104207 (November 2021).
• A.-C. Disdier, L. Fontagné, E. Tresa, Economic drivers of public procurement-related protection, The World Economy, 44 (11), p. 3072-3090 (November 2021).
• P. Bouche, G. Cette, R. Lecat, News from the Frontier: Increased Productivity Dispersion across Firms and Factor Reallocation, Review of Economics and Institutions, 12 (2), Article 1 (Winter 2021).
• W. Boungou, P. Hubert, The channels of banks’ response to negative interest rates, Journal of Economic Dynamics and Control, 131, article 104228 (October 2021).
• C. Blot, C. Bozou, P. Hubert, La révision des cibles d’inflation de la Fed et de la BCE, Revue de l'OFCE, 174, p. 149-172 (Octobre 2021).
• M. P. Hory, G. Levieuge, D. Onori, Public spending, currency mismatch and financial frictions, Journal of International Money and Finance, 116, article 102413 (September 2021).
• L. Jacolin, J. Keneck Massil, A. Noah, Informal sector and mobile financial services in emerging and developing countries: Does financial innovation matter?, The World Economy, 44 (9), p. 2703-2737 (September 2021).
• A. Bénassy-Quéré, M. Bussière, P. Wibaux, Trade and currency weapons, Review of International Economics, 29 (3), p. 487-510 (August 2021).
• G. Levieuge, J. Sahuc, Downward interest rate rigidity, European Economic Review, 137, article 103787 (August 2021).
• C. Cahn, M.Girotti, A.Landier, Entrepreneurship and information on past failures: A natural experiment, Journal of Financial Economics, 141 (1), p. 102-121 (July 2021).
• S. Dées, A. Galesi, The Global Financial Cycle and US monetary policy in an interconnected world, Journal of International Money and Finance, 115, article 102395 (July 2021).
• N. Lisack, R. Sajedi, G. Thwaites, Population Aging and the Macroeconomy, International Journal of Central Banking, 17 (2), p. 43-80 (June 2021).
• P. Hubert, B. Maule, Policy and Macro Signals from Central Bank Announcements, International Journal of Central Banking, 17 (2), p. 255-296 (June 2021).
• A. Monfort, F. Pegoraro, J.-P. Renne, G. Roussellet, Affine Modeling of Credit Risk, Pricing of Credit Events, and Contagion, Management Science, 67(6), P. 3674-3693 (June 2021)
• J. Couppey-Soubeyran, T. Nicolas, La concentration du secteur bancaire européen : un problème dont la mesure reste à prendre, Revue d'Économie Financière, 142, p. 179-200 (2e trimestre 2021).
• R. Cezar, M. Silvestrini, Impact of the ECB Quantitative Easing on the International Investment Position, International Economics, 165 (1), p. 241-263 (May 2021).
• M. Bas, A. Berthou, Financial development, reallocation and growth: Firm heterogeneity matters, The World Economy, 44 (5), p. 1205-1231 (May 2021).
• M. Mogliani, A. Simoni, Bayesian MIDAS penalized regressions: Estimation, selection, and prediction, Journal of Econometrics, 222 (1-Part C), p. 833-860 (May 2021).
• P. Hubert, F. Labondance, The signaling effects of central bank tone, European Economic Review, 133, article 103684 (April 2021).
• R. S. J. Koijen, F. Koulischer, B. Nguyen, M. Yogo, Inspecting the mechanism of quantitative easing in the euro area, Journal of Financial Economics, 140 (1), p.1-20 (April 2021).
• O. de Bandt, S. Lecarpentier, C. Pouvelle, Determinants of banks’ liquidity: A French perspective on interactions between market and regulatory requirements, Journal of Banking & Finance, 124, article 106032 (March 2021).
• J. Carluccio, R. Cezar, La crise de la dette argentine et ses racines, Revue d'Économie Financière, 141, p. 209-224 (1er trimestre 2021).
• G. Levieuge, Y. Lucotte, F. Pradines-Jobet, The cost of banking crises: Does the policy framework matter?, Journal of International Money and Finance, 110, article 102290 (February 2021).
• L. Fontagné, G. Santoni, GVCs and the endogenous geography of RTAs, European Economic Review, 132, article 103656 (February 2021).
• M. Bussière, J. Cao, J. de Haan, R. Hills, S. Lloyd, B. Meunier, J. Pedrono, D. Reinhardt, S. Sinha, R. Sowerbutts, K. Styrin, The interaction between macroprudential policy and monetary policy: Overview, Review of International Economics, 29 (1), p. 1-19 (February 2021).
• M. Bussière, R. Hills, S. Lloyd, B. Meunier, J. Pedrono, D. Reinhardt, R. Sowerbutts, Le Pont de Londres: Interactions between monetary and prudential policies in cross-border lending, Review of International Economics, 29 (1), p. 61-86 (February 2021)
• L.-G. Giraudet, A. Petronevich, L. Faucheux, Differentiated green loans, Energy Policy, 149, article 111861 (February 2021)
• O. Vinas, How financial shocks transmit to the real economy? Banking business models and firm size, Journal of Banking & Finance, 123, article 106009 (February 2021).
• P. Baubeau, E. Monnet, A. Riva, S. Ungaro, Flight-to-safety and the credit crunch: a new history of the banking crises in France during the Great Depression, The Economic History Review, 74 (1), p. 223-250 (February 2021).
• A. Bergeaud, S. Ray, Adjustment Costs and Factor Demand: New Evidence from Firms’ Real Estate, The Economic Journal, 131(633), p. 70-100 (January 2021).
• M. Girotti, How monetary policy changes bank liability structure and funding cost, Oxford Economic Papers, 73 (1), P. 49-75 (January 2021).
• M. Bussiere, A. E. Karadimitropoulou, M. A. Leon-Ledesma, Current Account Dynamics and the Real Exchange Rate: Disentangling the Evidence, Macroeconomic Dynamics, 25 (1), pp. 28-58 (January 2021).
• S. Bunel, B. Hadjibeyli, Évaluation du crédit d’impôt innovation / An Evaluation of the Innovation Tax Credit, Économie et Statistique, 526-527, p. 113-135.
• G. Dufrénot, J.-B. Gossé, C. Clerc, Risk sharing in Europe: new empirical evidence on the capital markets channel, Applied Economics, 53 (2), p. 262-276 (January 2021)