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Job Market 2015-2016 at PSE: who are Arthur Silve, Camille Terrier and Frederic Vinas?

Throughout October and November, we will present you PSE Job Market candidates for 2015-2016.

Every week, PSE candidates introduce their path and research interests :

What is the Job Market ? Every year, some PhD and post-doc students of the Paris School of Economics decide to be candidate on the Job Market. Sort of an international labour exchange, the Job Market allows candidates to apply for universities and institutions in many countries. PSE candidates receive a specific support program, which enables them to prepare at best their applications, the recruitment interviews, the presentation workshops etc.

  • To access the official web page in which all PSE candidates to 2015-2016 Job Market are presented (Research fields, Job Market papers, CV,...), click here.

Arthur Silve

“After I did my master at PSE in 2005-2006, I went on to work for the French development agency AFD, in the Research Department. There, I had the opportunity to visit several developing countries on three continents and, more importantly, to formulate the hypothesis that became the guiding theme of my PhD, that is to say the analysis of the relationship between elites – and their infleunce over the definition of public policies – and economic and political development.

Under the supervision of Thierry Verdier, I have focused my research on the economic structure of society in developing countries. Thus, in my Job Market paper, I show that the people who own the more mobile asset (very often, capital) have a disproportionate influence over fiscal policy. This results in policy and political spillovers between countries. The paper describes the political effect of tax havens, and most interestingly, how capital mobility may help sustain patrimonial regimes in developing countries.

I have shared the past years between PSE (where I was a PhD candidate) and Sciences Po (as an adjunct lecturer). In both institutions, I was encouraged to pursue an academic career. On the Job Market, I hope to be offered a position as an assistant professor in a renowned university offering a friendly research environment. I feel there is still much to learn, and I hope to take advantage of interactions with more senior colleagues. I also loved my experience teaching, and would be happy to take responsibility for a few demanding courses.”

Camille Terrier

“I graduated from the Ecole Normale Supérieure in 2011, and worked during one year for the Abdul Latif Jameel Poverty Action Lab (J-PAL), where I helped implement Randomized Controlled Trials in education. This rich experience convinced me to begin a PhD at the Paris School of Economics and to continue working in Economics of education under the supervision of Marc Gurgand.

Since 2012, I have been working on various topics related to labor markets and education. One of my papers studies how labor demand shocks in the public sector affect the quality of the civil servants hired. I also began a fruitful collaboration with Olivier Tercieux and Julien Combe, in which we study the centralized mechanisms used to assign teachers to schools. This research is particularly stimulating for the potential impact it could have on French public policies.

Finally, my Job Market paper analyses how gender biases in the grades given by teachers affect students’ progress and their decision to select scientific courses. The key result is that teachers’ behavior impacts girls’ progress and their decision to select scientific courses. This study provides new insights on how to reduce achievement inequalities at school. I have been presenting it extensively over the past year, notably at the LSE, UCL, the Royal Economic Society and IZA.

Since September 2014, I have been visiting the LSE. By collaborating with researchers from this institution, I am currently building an exciting research agenda for the coming years, notably with Sandra McNally and Stephen Machin on the impact of the opening of new vocational schools and with Jenifer Ruiz-Valenzuela on the effectiveness of CEOs in the public sector.

By going on the Job Market, I hope to get an academic position (Post-doc or Assistant Professor) that allows me to continue working on the exciting projects I am currently involved in, engage in new collaborations, and share my interest in economics through teaching.”

Frederic Vinas

“After graduating in Mathematics and Software Engineering (“Diplôme d’Ingénieur”) and working in the industry, I developed a strong interest in Economics. I earned a Master’s degree in International Economics and Econometrics from University Paris X West-Nanterre and a Master’s degree in Banking and Finance from the University Paris 1 Pantheon-Sorbonne where I finished first in my class. Since then I am working on my Ph.D. in Banking and Finance. In parallel with my PhD at the Paris School of Economics, I also gained policy-oriented experience within the Prudential Supervision Authority of the Banque de France (ACPR). This experience gave me strong insights into the issues of post-crisis banking regulation. I especially appreciated being able to take part in the stress testing of the French banking system prior to the setting-up of the Single Supervisory Mechanism.

My research topics cover banking regulation, banks’ risk-taking, the development of financial fragilities in the banking system, the transmission of financial shocks to the real economy and firms’ access to finance.

My Job Market paper starts from the analysis that a small set of banks, called universal banks in the paper, are strongly exposed to financial shocks whereas the rest of the banking system (retail banks) is much less exposed to those shocks. The paper relies on this framework of retail vs universal banks to address key questions: How do those two types of banks contribute to the financing of the real economy through the liquidity cycle? Are universal banks an important source of financial frictions when there is a liquidity crisis, and do those frictions lead to real effects at firm level?

Relying on a unique database on loans, banks and firms covering more than 20,000 firms over 2004-2009, I show that (i) universal banks provided 18% less credit in the period of liquidity crisis than retail banks; (ii) firms could not substitute credit from retail banks for credit from universal banks at that time; and (iii) there are real effects on firm’s investment: the more a firm relied on credit from universal banks prior to the crisis, the less it could invest after the crisis. The paper has direct implications in the funding strategy of firms and it contributes to the debate on the separation of banking activities.

I am currently looking for a research- and policy-oriented position within an institution like a central bank or a prudential supervision authority. I am particularly interested in undertaking a new experience abroad.”