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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.

March

Publication Working Paper Series no. 322:
Carbon price and optimal extraction of a polluting fossil fuel with restricted carbon capture
By Coulomb Renaud, Henriet Fanny
  • Published on 03/01/2011
  • EN
  • PDF (476.44 KB)
Publication Working Paper Series no. 324:
Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications
By Dixon Huw D., Le Bihan Hervé
  • Published on 03/01/2011
  • EN
  • PDF (394.06 KB)
Publication Working Paper Series no. 321:
The possible shapes of recoveries in Markov-switching models
By Bec Frédérique, Bouabdallah Othman, Ferrara Laurent
  • Published on 03/01/2011
  • EN
  • PDF (378.42 KB)

February

Publication Working Paper Series no. 318:
Modelling Stochastic Volatility with Leverage and Jumps: A Simulated Maximum Likelihood Approach via Particle Filtering
By Sheheryar Malik, Pitt Michael K
  • Published on 02/01/2011
  • EN
  • PDF (1.39 MB)
Publication Working Paper Series no. 320:
On the Welfare Costs of Misspecified Monetary Policy Objectives
  • Published on 02/01/2011
  • EN
  • PDF (531.45 KB)
Publication Working Paper Series no. 319:
Protectionist Responses to the Crisis: Global Trends and Implications
By Bussière Matthieu, Pérez-Barreiro Emilia, Straub Roland, Taglioni Daria
  • Published on 02/01/2011
  • EN
  • PDF (641.05 KB)

January

Publication Working Paper Series no. 312:
Global Sourcing under Imperfect Capital Markets
By Carluccio Juan, Fally Thibault
  • Published on 01/01/2011
  • EN
  • PDF (883.75 KB)
Publication Working Paper Series no. 317:
Production factor returns: the role of factor utilisation
By Dromel Nicolas, Paret Anne-Charlotte
  • Published on 01/01/2011
  • EN
  • PDF (304.11 KB)
Publication Working Paper Series no. 314:
The confidence channel for the transmission of shocks
By Fei Suzanne
  • Published on 01/01/2011
  • EN
  • PDF (703.68 KB)
Publication Working Paper Series no. 315:
The decreasing returns on working time: An empirical analysis on panel country data
By Chang Samuel, Konte Maty
  • Published on 01/01/2011
  • EN
  • PDF (283.81 KB)
Publication Working Paper Series no. 313:
The Predictive Information Content of External Imbalances for Exchange Rate Returns: How Much Is It Worth?
By Sestieri Giulia, Lucio Sarno, Pasquale Della Corte
  • Published on 01/01/2011
  • EN
  • PDF (413.71 KB)
Publication Working Paper Series no. 316:
Two-way interplays between capital buffers, credit and output: evidence from French banks
  • Published on 01/01/2011
  • EN
  • PDF (410 KB)