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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.

November

Publication Working Paper Series no. 459:
Voting in committee: firm value vs. back scratching
By Ravanel Mathilde
  • Published on 11/01/2013
  • EN
  • PDF (697.42 KB)
Publication Working Paper Series no. 463:
What has been the impact of the 2008 crisis on firms’ default ? (in French)
By Fougère Denis, Golfier Cécile, Horny Guillaume, Kremp Elisabeth
  • Published on 11/01/2013
  • FR
  • PDF (1.68 MB)

October

Publication Working Paper Series no. 453:
Aggregate Fluctuations and International Migration
By Beine Michel, Bricongne Jean-Charles, Bourgeon Pauline
  • Published on 10/01/2013
  • EN
  • PDF (871.8 KB)
Publication Working Paper Series no. 450:
Currency Union with and without Banking Union
By Bignon Vincent, Breton Régis, Rojas Breu Mariana
  • Published on 10/01/2013
  • EN
  • PDF (652.42 KB)
Publication Working Paper Series no. 454:
Forecasting growth during the Great Recession: is financial volatility the missing ingredient ?
By Ferrara Laurent, Marsilli Clément, Ortega Juan-Pablo
  • Published on 10/01/2013
  • EN
  • PDF (929.11 KB)
Publication Working Paper Series no. 449:
Limited attention and news arrival in limit order markets
By Dugast Jérôme
  • Published on 10/01/2013
  • EN
  • PDF (730.88 KB)
Publication Working Paper Series no. 452:
Optimal Exchange Rate Policy in a Growing Semi-Open Economy
By Bacchetta Philippe, Benhima Kenza, Kalantzis Yannick
  • Published on 10/01/2013
  • EN
  • PDF (359.02 KB)
Publication Working Paper Series no. 455:
Pricing Default Events: Surprise, Exogeneity and Contagion
By Gouriéroux Christian, Monfort Alain, Renne Jean-Paul
  • Published on 10/01/2013
  • EN
  • PDF (655.8 KB)
Publication Working Paper Series no. 456:
Regime Switching and Bond Pricing
By Gouriéroux Christian, Monfort Alain, Pegoraro Fulvio, Renne Jean-Paul
  • Published on 10/01/2013
  • EN
  • PDF (955.8 KB)
Publication Working Paper Series no. 457:
Securitization, Competition and Monitoring
By Jung-Hyun Ahn, Breton Régis
  • Published on 10/01/2013
  • EN
  • PDF (1006.78 KB)
Publication Working Paper Series no. 451:
The Discriminatory Effect of Domestic Regulations on International Trade in Services: Evidence from Firm-Level Data
By Crozet Matthieu, Milet Emmanuel, Mirza Daniel
  • Published on 10/01/2013
  • EN
  • PDF (589.55 KB)
Publication Working Paper Series no. 458:
The impact of Urban Enterprise Zones on establishment location decisions: Evidence from French ZFUs
By Mayer Thierry, Mayneris Florian, Py Loriane
  • Published on 10/01/2013
  • EN
  • PDF (1.59 MB)