Publications

L’équipe de la chaire publie de nombreux travaux de recherche, sous forme de chapitres d’ouvrages, de livres, d’articles dans des revues internationales et à comité de lecture couvrant notamment les thèmes du système monétaire international, les flux de capitaux, les crises, la politique budgétaire, la transmission internationale des chocs, la mondialisation, etc.

Revues internationales à comité de lecture

2020

• Bandt de O., M. Birn, S. Firestone and al., The Costs and Benefits of Bank Capital—A Review of the Literature, Journal of Risk and Financial Management, avril 2020, 13(4), 1-25.

• Bénassy-Quéré A., Weder di Mauro B., European Pandemic Recovery : An Opportunity to Reboot, Intereconomics, 55(4), p. 205-209, juillet 2020.

• Broer T., N.-Jakob Harbo Hansen, P. Krusell, and al., The New Keynesian Transmission Mechanism : A Heterogeneous-Agent Perspective, Review of Economic Studies, 2020, 87(1) 77-101.

• Chatelain J.-B., Ralf K., How Macroeconomists Lost Control of Stabilization Policy : Towards Dark Ages, European Journal of the History of Economic Thought, 2020, 27(6).

• Chatelain J.-B., Ralf K., Policy Maker’s Credibility with Predetermined Instruments for Forward-looking Targets, Revue d’Economie Politique, 2020, 130(5), 823-846.

• Chatelain J.-B., Ralf K., Ramsey Optimal Policy versus Multiple Equilibria with Fiscal and Monetary Interactions, Economics Bulletin, 2020, 40(1), 140-147.

• Chatelain J.-B., Ralf K., The Welfare of Ramsey Optimal Policy Facing Autoregressive Shocks, Economics Bulletin, 2020, 40(2), 1797-1803.

• Chatelain J.-B., Ralf K., Hopf bifurcation from New-Keynesian Taylor Rule to Ramsey Optimal Policy, Macroeconomic Dynamics, janvier 2020.

• Coimbra N., Sovereigns at risk : A dynamic model of sovereign debt and banking leverage, Journal of International Economics, mai 2020.

• Férrière A., Nakajima M., Comments on « Capital Income Taxation with Housing », Journal of Economic Dynamics and Control, juin 2020, 115. 1

• Ferrara L., Candelon B., Joets M., Global financial connectedness : A non-linear assessment of the uncertainty channel, Applied Economics, 2020.

• Saint Paul G., From microeconomic favoritism to macroeconomic populism, Journal of the Finnish Economic Association, 2020, 1, 1-23.

• Siena D., The euro area periphery and imbalances : Is it an Anticipation Story ?, Review of Economic Dynamics, 2020.

2019

• Bai L., Stumpner S., Estimating U.S. consumer gains from Chinese imports, American Economic Review : Insights, 2019.

• de Bandt O., Hartmann P., Systemic Risk in Banking After the Great Financial Crisis, in Oxford Handbook of Banking, 3^e édition, sous la direction de A. Berger, P. Molyneux, J.O.S. Wilson, 2019.

• Beine M., Bourgeon P., Bricongne J-C., Aggregate Fluctuations and International Migration, Scandinavian Journal of Economics, 121, 1, pp 117-152, 2019.

• Chatelain, J.-B., Ralf K., A simple algorithm for solving Ramsey optimal policy with exogenous forcing variables, Economics Bulletin, 39(4), pp 2429-2440, 2019.

• Chatelain J.-B., Ralf K., Publish and Perish : Creative Destruction and Macroeconomic Theory, History of Economic Ideas, 2019

• Ferrara L., Marsilli C., Nowcasting global economic growth : A factor-augmented mixed-frequency approach, The World Economy, 2019, 42(3), 846-875.

• Gaballo G., Ehrmann M., Hoffmann P. et al., Can more public information raise uncertainty ? The international evidence on forward guidance, Journal of Monetary Economics, 2019, 108, décembre 2019, 93-112.

• Hairault J.-O., Langot F., Sopraseuth T., Unemployment fluctuations over the life cycle, Journal of Economic Dynamics and Control, Elsevier, vol. 100(C), pp 334-352, 2019.

• Stumpner S., Trade and the Geographic Spread of the Great Recession, Journal of International Economics, 2019.

2018

• Schmidt J., Caccavaio M., Carpinelli L., Marinelli G., International Spillovers of Monetary Policy : Evidence from France and Italy, Journal of International Money and Finance, vol 89, pp 50-66, 2018.

Revues, livres, chapitres d’ouvrages

2020

• Bénassy-Quéré B., Weder di Mauro B., Europe in the time of COVID-19 : A new crash test and a new opportunity, in Europe in the Time of COVID-19, CEPR ebook, mai 2020, Chapter 1.

• Doz C., Fuleky P., Dynamic Factor Models, in Macroeconomic Forecasting in the Era of Big Data. Theory and Practise, Peter Fuleky (ed), Springer. 2020.

2019

• Bénassy-Quéré A., Memo for the Commissioner responsible for taxation, in M. Demertzis, G. Wolff (eds.), Braver. Greener. Fairer. Memos to the EU leadership 2019-2024, Bruegel, 09/2019, 114-129.

• Bénassy-Quéré A., Towards a Franco-German approach on Euro area’s economic governance, in Nida-Rümelin, J., von Daniels, D., N. Wloka (eds.), Internationale Gerechtigkeit und Institutionelle Verantwortung, De Gruyter, 2019, 205-220.

• Berthou A., Estrada A., Haincourt S., Kadow A., Roth M.-A., de la Serve M.-E., Assessing the macroeconomic impact of Brexit through trade and migration channels, Occasional Papers 1911, Banco de España, 2019.

• Bolton P., Cecchetti S., Danthine J.-P., Vives X., Sound at last ? Assessing a decade of financial regulation, The Future of Banking 1, Barcelona IESE Initiative, CEPR, 2019.

• Bricongne J-C., Mata Garcia N., Turrini A., Macroeconomic Imbalance Procedure, economic reforms and policy progress in the European Union, Sciences Po publications, 2019.

• Coimbra N., Sovereigns at Risk : A Dynamic Model of Sovereign Debt and Banking Leverage, NBER Chapters, in : NBER International Seminar on Macroeconomics 2019, National Bureau of Economic Research, Inc, 2019.

2018

• Bénassy-Quéré A., Le macroprudentiel dans l’arsenal de politique macroéconomique en zone euro, Annales des Mines, pp. 79-83, août 2018.

• Bénassy-Quéré A., Beyond Risk Sharing and Risk Reduction, in The Economists’ Voice, De Gruyter, vol. 15(1), pp 1-4, décembre 2018.

• Berthou A., Jardet, Siena D., Szczerbowicz U., Cost and consequences of a trade war : a structural analysis, Rue de la Banque No.72, décembre 2018.

• Berthou A., Bussière M., Ferrara, Haincourt S., Pappadà F., Schmidt J., Global imbalances : build- up, unwinding and financial aspects, Bulletin de la BdF, 2018.

• Danthine J.-P., Bolton P., Cecchetti S. et al., Sound At Last ? Assessing a Decade of Financial Regulation, CEPR ; Business Schol University of Navarra ; Banking Initiative, 2019.

Rapport

• Bénassy-Quéré A., Wolff G., How has the macroeconomic imbalances procedure worked in practice to improve the resilience of the euro area ?, Unité de gouvernance économique, Parlement Européen, 2020.

Documents de travail

2020

• Bandt de O., Overton G., Why do insurers fail ? A comparison of life and non-life insolvencies using a new international database, 2020, EconomiX Working Papers 2020-15.

• Bandt de O., Lecarpentier S., Pouvelle C., Determinants of Banks’ Liquidity : A French Perspective on Interactions between Market and Regulatory Requirements, octobre 2020, EconomiX Working Papers 2019-18, WP n°782 Banque de France.

• Bénassy-Quéré A., Abele C., Fontagné L., One Size Does Not Fit All : TFP in the Aftermath of Financial Crises in Three European Countries, 2020, PSE Working Papers n°2020-43.

• Bussière M., Meunier B., Pedrono J., Hétérogénéité du levier bancaire : les canaux de transmission de la complexité sur le financement, juin 2020, WP n°771 Banque de France.

• Bussière M., Hills R., Lloyd S. et al., The London Bridge : les effets de l’interaction entre politiques monétaires et prudentielles sur les prêts transfrontaliers, 2020, WP n°753 Banque de France.

• Chatelain J.-B., Ralf K., Persistence-Dependent Optimal Policy Rules, 2020, PSE Working Papers n°2020-49.

• Coimbra N., Sovereigns at Risk, A dynamic model of sovereign debt and banking leverage, janvier 2020.

• Despois T., Doz C., Another look into the factor model black box : factors interpretation and structural (in)stability, PSE et Université Paris 1 Panthéon-Sorbonne. PSE Working Papers 2020.

• Doz C., Ferrara L., Pionnier P.-A., Business Cycle Dynamics after the Great Recession, 2020, PSE Working Papers n°2020-03.

• Ferrara L., Mogliani M., Sahuc J.G., High-frequency monitoring of Growth-at-Risk, 2020, CAMA Working Paper n°97/2020.

• Ferrara L., Simoni A., When are Google data useful to nowcast GDP ? An approach via pre-selection and shrinkage, 2020, WP n°717 Banque de France.

• Ferrara L., Yapi J., Measuring exchange rate risks during periods of uncertainty, 2020, CAMA Working Paper, n°60/2020.

• Ferrara L., Siena D., Metelli L. et al., Questionning the puzzle : Fiscal policy, exchange rate and inflation, 2020, WP n°752 Banque de France.

• Pappada F., Hamano M., Firm turnover in the export market and the case for fixed exchange rate regime, janvier 2020, Bank of Finland Research Discussion Papers.

• Stalla-Bourdilllon A., Boeckelmann L., Structural Estimation of Time-Varying Spillovers : an Application to International Credit Risk Transmission, 2020, WP n°798 Banque de France.

• 2019

• D’Albis H. & Bénassy-Quéré A., Taxing capital and labor when both factors are imperfectly mobile internationally, PSE Working Papers, HAL halshs-02295406, 2019.

• Bénassy-Quéré A., Bussière M., Wibaux P., Trade and currency weapons, PSE Working Papers, HAL halshs-01820745, 2019.

• Bussière M., Chinn M., Ferrara L., Heipertz J., The new Fama puzzle, NBER WP 2019.

• Chatelain J.-B., Ralf K., Ramsey Optimal Policy in the New-Keynesian Model with Public Debt, halshs-02278781, 2019.

• Coimbra N., Rey H., Financial Cycles with Heterogeneous Intermediaries, janvier 2019.

• Pappadà, F., Y. Zylberberg, Sovereign default and imperfect tax enforcement, Banque de France working paper 722, juin 2019.

• Schmidt J., Steingress W., L’harmonisation des normes de produits et son effet sur le commerce international, Banque de France working paper 729, septembre 2019.

Chatelain J.-P., Ralf K., Ramsey Optimal Policy in the New-Keynesian Model with Public Debt, 2019, PSE Working Papers n°2019-47.

Gaballo G., Chahrour R., Learning from House Prices : Amplification and Business Fluctuations, 11/2019, CEPR Discussion Paper n°DP14120.

Schmidt J., Steingress W., No double standards : Quantifying the impact of standard harmonization on trade, 2019, WP n°729 Banque de France, 2019.

2018

• Ferrière A., Navarro G., Reyes-Heroles R., Escaping the Losses from Trade : The Impact of Heterogeneity on Skill Acquisition, 2018 Meeting Papers 1248, Society for Economic Dynamics, 2018.

• Jude C., Does FDI crowd out domestic investment in transition countries ?, Banque de France working paper 695, septembre 2018.

• Saint-Paul G., Pareto-improving structural reforms, PSE Working Papers, HAL halshs-01972036, 2018.

• Szczerbowicz U., Lhuissier S., Monetary Policy and Corporate Debt Structure, Banque de France working paper 697, octobre 2018.