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Working papers

The Working Paper Series showcases research work being conducted at the Banque de France on the development of analytical tools for use in macroeconomic forecasting, monetary policy conduct and the safeguarding of financial stability. The papers do not necessarily reflect the position of the Banque de France or the Eurosystem.


Publication Working Paper Series no. 707:
On the Retirement Effect of Inheritance: Heterogeneity and the Role of Risk Aversion

This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information on inheritances received and labor market transitions available for respondents of the French Wealth Survey. This feature allows us to...

By Garbinti Bertrand, Georges-Kot Simon
  • Published on 01/22/2019
  • EN
  • PDF (3.22 MB)


Publication Working Paper Series no. 706:
Price effect of mutual fund flows on the corporate bond market: The French case

We study how investors' withdrawals from mutual funds may affect the French corporate bond market. To do so, we use monthly data on flows to the French bond and mixed mutual funds as well as a database on their bond holdings at the bond-level from...

  • Published on 01/15/2019
  • 27 pages
  • EN
  • PDF (2.53 MB)