Working papers

The interest of being eligible. Banque de France Working Paper No. 636, October 2017. with Charles O’Donnell and Olivier Toutain

National natural rates of interest and the single monetary policy in the euro area. Banque de France Working Paper No. 611, December 2016. with Sébastien Friès, Sarah Mouabbi and Jean-Paul Renne Revised and resubmitted, Journal of Applied Econometrics. Datat: estimated r-star series

Fiscal sustainability, default risk and euro area sovereign bond spreads. Banque de France Working Paper No. 350, July 2012, with V. Borgy, T. Laubach and J.-P. Renne.


Work in progress

(Coming soon!) Dollar funding and firm-level exports, with Antoine Berthou and Guillaume Horny.

The granular effects of large banking groups in the euro area, with Dalibor Stevanovic.


Older unpublished working papers


Does uncertainty make a time-varying natural rate of interest irrelevant for the conduct of monetary policy? October 2007, with J.-P. Renne.


Règle de Taylor et politique monétaire dans la zone euro. September 2004, with J.-P. Renne.


Bank loan portfolios, bank heterogeneity and the bank lending channel: new macro evidence for France. October 2008.


Bank capital and monetary policy transmission: a survey. July 2005 (in French).