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Rue de la Banque

The Rue de la Banque series is a collection of short, non-technical articles, in which Banque de France researchers sum up their work on a particular topic. Each article contains charts and a bibliography for those who want to explore the subject further.

These articles are now available in the Banque de France Bulletin in an "Economic Research" section as of the May-June 2019 issue.

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April

Publication Rue de la Banque no. 41:
Is demographics the housing cycle?

This Rue de la Banque provides evidence of the strong cyclical impact of demographics on housing investment. The common wisdom is that population growth affects the housing stock in the long run. However, in the short run, the growth rate of the age...

By Monnet Eric, Wolf Clara
  • Published on 04/06/2017
  • 5 pages
  • EN
  • PDF (570.51 KB)
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March

Publication Rue de la Banque no. 40:
How the Eurosystem’s enhanced credit support policy contributed to averting a severe credit crunch in 2009

The authors show that the Eurosystem’s Enhanced Credit Support policy package successfully contributed to averting a major credit crunch in 2009. This package included mainly the fixed rate full allotment (FRFA) and the longer-term refinancing...

  • Published on 03/20/2017
  • 6 pages
  • EN
  • PDF (682.49 KB)
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February

Publication Rue de la Banque no. 39:
Construction crises and business cycle: consequences for GDP forecasts

How do we take into account the specificities of the construction sector to forecast GDP growth? Construction activity is usually highly correlated with the economic cycle, both upswings and downswings. However, during construction-specific crises, its...

  • Published on 02/28/2017
  • 5 pages
  • EN
  • PDF (669.11 KB)
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February

Publication Rue de la Banque no. 38:
Capital inflows and credit growth: where do we stand?

Based on a sample of 31 advanced and emerging market economies, this Rue de la Banque shows that capital inflows tend to have a procyclical effect on domestic credit to the private sector. The lower the gross domestic product (GDP) per capita of a...

By Jimborean Ramona
  • Published on 02/15/2017
  • EN
  • PDF (574.88 KB)
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January

Publication Rue de la Banque no. 37:
The impact of import prices on inflation in the euro area

We study low consumer price inflation in the euro area between 2013 and the third quarter of 2016, before its recent increase due to higher energy prices. Two main factors identified in Rue de la Banque No. 6 have continued to contribute roughly...

By Schmidt Katja
  • Published on 01/23/2017
  • 5 pages
  • EN
  • PDF (671.06 KB)
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January

Publication Rue de la Banque no. 36:
Competition for global value added: domestic and export market shares

Export market share indicators have become a yardstick for measuring competitiveness. This Rue de la Banque presents a more detailed indicator of countries’ market shares in value added that takes into account the import content of exports and the...

  • Published on 01/04/2017
  • 3 pages
  • EN
  • PDF (598.52 KB)
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