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.

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December

Publication Working Paper Series no. 225:

Fiscal sustainability and policy implications for the euro area

By Balassone Fabrisio, Cunha Jorge, Geert Langenus, Manzke Bernhard, Pavot Jeanne, Prammer Doris, Tommasino Pietro

Published on 12/01/2008
EN
PDF (460.84 KB)

Publication Working Paper Series no. 228:

Institutional features of wage bargaining in 23 European countries, the US and Japan

By Du Caju Philip, Gautier Erwan, Momferatou Daphne, Ward-Warmelinger Melanie

Published on 12/01/2008
EN
PDF (373.14 KB)

Publication Working Paper Series no. 227:

Liquidity, Moral Hazard and Inter-Bank Market Collapse

By Kharroubi Enisse, Vidon Édouard

Published on 12/01/2008
EN
PDF (406.46 KB)

October

Publication Working Paper Series no. 224:

Business surveys modelling with Seasonal-Cyclical Long Memory models

By Ferrara Laurent, Guégan Dominique

Published on 10/01/2008
EN
PDF (273.51 KB)

September

Publication Working Paper Series no. 223:

Econometric Asset Pricing Modelling

By Bertholon Henri, Monfort Alain, Pegoraro Fulvio

Published on 09/01/2008
EN
PDF (518.53 KB)

Publication Working Paper Series no. 222:

Monthly forecasting of French GDP: A revised version of the OPTIM model.

By Barhoumi Karim, Brunhes-Lesage Véronique, Darné Olivier, Ferrara Laurent, Pluyaud Bertrand, Rouvreau Béatrice

Published on 09/01/2008
EN
PDF (611.57 KB)

August

Publication Working Paper Series no. 220:

Macroeconomic Surprises and the Inflation Compensation Curve in the Euro Area

By Coffinet Jérôme, Frappa Sébastien

Published on 08/01/2008
EN
PDF (416.68 KB)

July

Publication Working Paper Series no. 219:

A Two-Pillar DSGE Monetary Policy Model for the Euro Area.

By Barthélemy Jean, Clerc Laurent, Marx Magali

Published on 07/01/2008
EN
PDF (720.06 KB)

Publication Working Paper Series no. 214:

Dynamic voluntary contributions to a discrete public good: Experimental evidence.

By Diev Pavel, Hichri Walid

Published on 07/01/2008
EN
PDF (340.31 KB)

Publication Working Paper Series no. 218:

Long term vs. short term comovements in stock markets: the use of Markov-switching multifractal models.

By Idier Julien

Published on 07/01/2008
EN
PDF (1.23 MB)

Publication Working Paper Series no. 221:

On the Role of a Stock Market: A Study of France, Germany, and thez Euro Area

By Krainer Robert

Published on 07/01/2008
EN
PDF (960.02 KB)

Publication Working Paper Series no. 217:

Portfolio and financing adjustments for U.S.Banks: some empirical evidence

By Krainer Robert

Published on 07/01/2008
EN
PDF (453.93 KB)

Publication Working Paper Series no. 216:

Restaurant Prices and the Minimum Wage

By Fougère Denis, Gautier Erwan, Le Bihan Hervé

Published on 07/01/2008
EN
PDF (845.65 KB)

Publication Working Paper Series no. 213:

Revisiting the Decline in the Exchange Rate Pass-Through: Further Evidence from Developing Countries.

By Barhoumi Karim, Jouini Jamel

Published on 07/01/2008
EN
PDF (396.97 KB)

Publication Working Paper Series no. 215:

Short-term forecasting of GDP using large monthly datasets: a pseudo real-time forecast evaluation exercise.

By Barhoumi Karim, Rünstler Gerhard, Cristadoro riccardo, Den Reijer Ard, Jakaitiene Audrone, Jelonek Piotr, Rua Antonio, Karsten Ruth, Benk Szilard, Van Nieuwenhuyze Christophe

Published on 07/01/2008
EN
PDF (337.15 KB)

April

Publication Working Paper Series no. 204:

Access to new imported varieties and total factor productivity: Firm level evidence from France.

By Irac Delphine

Published on 04/01/2008
EN
PDF (579.65 KB)

Publication Working Paper Series no. 206:

Assessing the shape of the distribution of interest rates: lessons from French individual data

By Lacroix Renaud

Published on 04/01/2008
EN
PDF (1.85 MB)

Publication Working Paper Series no. 212:

Domestic Savings and Foreign Capital: the Complementarity Channel

By Kharroubi Enisse

Published on 04/01/2008
EN
PDF (350.18 KB)

Publication Working Paper Series no. 211:

Microeconomic price adjustments: a survey of theoretical models and empirical results. (in French)

By Gautier Erwan

Published on 04/01/2008
EN
PDF (483.18 KB)

Publication Working Paper Series no. 207:

Seasonal adjustment of monetary aggregates: implementation of new procedures (in French)

By Lacroix Renaud, Maurin Laurent

Published on 04/01/2008
EN
PDF (1.52 MB)

Publication Working Paper Series no. 209:

Short term analysis of raw data and business cycle estimation. Part 1 : estimation and tests. (in French)

By Lacroix Renaud

Published on 04/01/2008
EN
PDF (612.61 KB)

Publication Working Paper Series no. 210:

Short term analysis of raw data and business cycle estimation. Part 2 : empirical implementation. (in French)

By Lacroix Renaud

Published on 04/01/2008
EN
PDF (817.13 KB)

Publication Working Paper Series no. 208:

Sticky Wages. Evidence from Quarterly Microeconomic Data

By Heckel Thomas, Le Bihan Hervé, Montornès Jérémi

Published on 04/01/2008
EN
PDF (726.7 KB)

Publication Working Paper Series no. 205:

Total factor productivity and the decision to serve foreign markets: Firm level evidence from France.

By Irac Delphine

Published on 04/01/2008
EN
PDF (565.62 KB)

March

Publication Working Paper Series no. 203:

Stress Testing and Corporate Finance

By De Bandt Olivier, Bruneau Catherine, El Amri Widad

Published on 03/01/2008
EN
PDF (408.12 KB)

February

Publication Working Paper Series no. 198:

Credit Constraints and the Cyclicity of R&D Investment: Evidence from France

By Aghion Philippe, Askenazy Philippe, Berman Nicolas, Eymard Laurent

Published on 02/01/2008
40 pages
EN
PDF (713.63 KB)

February

Publication Working Paper Series no. 197:

Competition, R&D, and the Cost of Innovation.

By Askenazy Philippe, Cahn Christophe, Irac Delphine

Published on 02/01/2008
EN
PDF (889.06 KB)

Publication Working Paper Series no. 202:

Financing Constraints and a Firm's Decision and Ability to Innovate: Establishing Direct and Reverse Effects

By Hajivassiliou Vassilis, Savignac Frédérique

Published on 02/01/2008
EN
PDF (873.33 KB)

Publication Working Paper Series no. 201:

Simultaneous tests for non-stationarity and non-linearity: an application to the US real interest rate (in French)

By Million Nicolas

Published on 02/01/2008
EN
PDF (383.22 KB)

Publication Working Paper Series no. 200:

Supply Shocks and Optimal Monetary Policy in the Euro Zone (in French)

By Fève Patrick, Matheron Julien, Sahuc Jean-Guillaume

Published on 02/01/2008
EN
PDF (638.88 KB)

Publication Working Paper Series no. 199:

Welfare Implications of Heterogeneous Labor Markets in a Currency Area

By Poilly Céline, Sahuc Jean-Guillaume

Published on 02/01/2008
EN
PDF (932.71 KB)

January

Publication Working Paper Series no. 192:

An Inflation Forecasting Model For The Euro Area.

By Chauvin Valérie, Devulder Antoine

Published on 01/01/2008
EN
PDF (764.32 KB)

Publication Working Paper Series no. 194:

Bank interest rate pass-through: new evidence from French individual data. (in French)

By Duquerroy Anne, Frappa Sébastien, Montornès Jérémi, Murez Michèle

Published on 01/01/2008
EN
PDF (660.63 KB)

Publication Working Paper Series no. 193:

Forecasting interest rates with futures contracts using macroeconomic and financial variables (in French)

By Coffinet Jérôme

Published on 01/01/2008
EN
PDF (490.23 KB)

Publication Working Paper Series no. 196:

On policy interactions among nations: when do cooperation and commitment matter?

By Kempf Hubert, Von Thadden Leopol

Published on 01/01/2008
EN
PDF (752.05 KB)

Publication Working Paper Series no. 195:

Some Preliminary Evidence on the Globalization-Inflation Nexus

By Guilloux-Nefussi Sophie, Kharroubi Enisse

Published on 01/01/2008
EN
PDF (586.36 KB)

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