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. 310:

Bigger, Stronger, Farther… Relative performances of French exporting firms. (in French)

By Crozet Matthieu, Méjean Isabelle, Zignago Soledad

Published on 12/01/2010
EN
PDF (340.9 KB)

Publication Working Paper Series no. 307:

Inattentive professional forecasters

By Andrade Philippe, Le Bihan Hervé

Published on 12/01/2010
EN
PDF (852.51 KB)

Publication Working Paper Series no. 304:

Pension entitlements of French and American households: a first comparison. (in French)

By Matheron Julien

Published on 12/01/2010
EN
PDF (309.79 KB)

Publication Working Paper Series no. 311:

Predicting Financial Distress in a High-Stress Financial World: The Role of Option Prices as Bank Risk Metrics

By Coffinet Jérôme, Pop Adrian, Tiesset Muriel

Published on 12/01/2010
EN
PDF (617.25 KB)

Publication Working Paper Series no. 306:

Stress testing banks' profitability: the case of French banks

By Coffinet Jérôme, Lin Surong

Published on 12/01/2010
EN
PDF (554.44 KB)

Publication Working Paper Series no. 309:

The changing role of house price dynamics over the business cycle

By Dufrénot Gilles, Sheheryar Malik

Published on 12/01/2010
EN
PDF (363.06 KB)

Publication Working Paper Series no. 308:

To be or not to be in monetary union: A synthesis

By Clerc Laurent, Dellas Harris, Loisel Olivier

Published on 12/01/2010
EN
PDF (322.86 KB)

Publication Working Paper Series no. 305:

Wage and price joint dynamics at the firm level: an empirical analysis

Published on 12/01/2010
EN
PDF (601.85 KB)

November

Publication Working Paper Series no. 303:

Does Inflation Targeting decrease Exchange Rate Pass-through in Emerging Countries?

By Coulibaly Dramane, Kempf Hubert

Published on 11/01/2010
EN
PDF (340.23 KB)

October

Publication Working Paper Series no. 300:

The Case for a Financial Approach to Money Demand

The distribution of money across households is much more similar to the distribution of financial assets than to that of consumption levels. This is a puzzle for theories which directly link money demand to consumption. This paper shows that the joint...

By Ragot Xavier

Published on 10/01/2010
44 pages
EN
PDF (354.52 KB)

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October

Publication Working Paper Series no. 294:

Compensation in the Financial Sector: Are all Bankers Superstars?

By Célérier Claire

Published on 10/01/2010
EN
PDF (1.35 MB)

Publication Working Paper Series no. 296:

Did Tax Policies mitigate US Business Cycles?

By Ferroni Filippo

Published on 10/01/2010
EN
PDF (400.55 KB)

Publication Working Paper Series no. 299:

Endogenizing leadership in tax competition: a timing game perspective

By Kempf Hubert, Rota Graziiosi Grégoire

Published on 10/01/2010
EN
PDF (459.32 KB)

Publication Working Paper Series no. 292:

Fiscal developments in the euro area beyond the crisis: some lessons drawn from fiscal reaction functions

By Dufrénot Gilles, Paul Laurent

Published on 10/01/2010
EN
PDF (546.04 KB)

Publication Working Paper Series no. 297:

Fiscal Policy in a Tractable Liquidity-Constrained Economy

By Challe Edouard, Ragot Xavier

Published on 10/01/2010
EN
PDF (846.53 KB)

Publication Working Paper Series no. 301:

Incomplete markets, liquidation risk, and the term structure of interest rates

By Challe Edouard, Le Grand François, Ragot Xavier

Published on 10/01/2010
EN
PDF (517.37 KB)

Publication Working Paper Series no. 293:

Insulation impossible: monetary policy and regional fiscal spillovers in a federation

By Russell Cooper, Kempf Hubert, Peled Dan

Published on 10/01/2010
EN
PDF (318.7 KB)

Publication Working Paper Series no. 295:

Is there Evidence of Shift-Contagion in International Housing Markets?

By De Bandt Olivier, Sheheryar Malik

Published on 10/01/2010
EN
PDF (381.6 KB)

Publication Working Paper Series no. 302:

Prices and volumes of options: A simple theory of risk sharing when markets are incomplete

By Le Grand François, Ragot Xavier

Published on 10/01/2010
EN
PDF (713.42 KB)

Publication Working Paper Series no. 298:

Produce or speculate? Asset bubbles, occupational choice and efficiency

By Cahuc Pierre, Challe Edouard

Published on 10/01/2010
EN
PDF (402.73 KB)

September

Publication Working Paper Series no. 291:

Banks' financial conditions and the transmission of monetary policy: a FAVAR approach

By Jimborean Ramona, Mésonnier Jean-Stéphane

Published on 09/01/2010
EN
PDF (357.85 KB)

August

Publication Working Paper Series no. 290:

The art of central banking of the ECB and the separation principle

By Bordes Christian, Clerc Laurent

Published on 08/01/2010
EN
PDF (2.41 MB)

July

Publication Working Paper Series no. 286:

Are the effects of fiscal changes different in times of crisis and non-crisis? The French Case

By Bouthevillain Carine, Dufrénot Gilles

Published on 07/01/2010
EN
PDF (489.07 KB)

Publication Working Paper Series no. 288:

Distance Selling, Internet and Price Dynamics (in French)

By Askenazy Philippe, Célérier Claire, Irac Delphine

Published on 07/01/2010
EN
PDF (651.53 KB)

Publication Working Paper Series no. 289:

The French Regions’ Borrowing Behaviours. How heterogeneous are they?

By Dufrénot Gilles, Frouté Philippe, Schalck Christophe

Published on 07/01/2010
EN
PDF (232.81 KB)

Publication Working Paper Series no. 285:

The Growth-Volatility Relationship: New Evidence Based on Stochastic Volatility in Mean Models

By Lemoine Matthieu, Mougin Christophe

Published on 07/01/2010
EN
PDF (772.72 KB)

Publication Working Paper Series no. 287:

Wage rigidity, collective bargaining and the minimum wage: evidence from French agreement data

By Avouyi-Dovi Sanvi, Fougère Denis, Gautier Erwan

Published on 07/01/2010
EN
PDF (910.49 KB)

June

Publication Working Paper Series no. 283:

Do product market regulations in upstream sectors curb productivity growth? Panel data evidence for OECD countries.

By Bourlès Renaud, Lopez Jimmy, Mairesse Jacques, Nicoletti Giuseppe

Published on 06/01/2010
EN
PDF (988.16 KB)

May

Publication Working Paper Series no. 284:

Innovation and Advertising: Theory and Evidence

By Askenazy Philippe, Breda Thomas, Irac Delphine

Published on 05/01/2010
EN
PDF (759.86 KB)

Publication Working Paper Series no. 281:

Price, Wage and Employment Response to Shocks: Evidence from the WDN Survey

By Bertola Giuseppe, Dabusinskas Aurelijus, Hoeberichts Marco, Izquierdo Marco, Kwapil Claudia, Montornès Jérémi, Radowski Daniel

Published on 05/01/2010
EN
PDF (594.23 KB)

Publication Working Paper Series no. 282:

Wage-setting Behavior in France: Additional Evidence from an Ad-hoc Survey.

By Montornès Jérémi, Sauner-Leroy Jacques-Bernard

Published on 05/01/2010
EN
PDF (923.32 KB)

April

Publication Working Paper Series no. 280:

Pension entitlements of French and American households: a first comparison. (in French)

By Durant Dominique, Frey Laure

Published on 04/01/2010
EN
PDF (260.49 KB)

March

Publication Working Paper Series no. 277:

Financial Shocks and Optimal Policy

By Dellas Harris, Diba Behzad, Loisel Olivier

Published on 03/01/2010
EN
PDF (449.35 KB)

Publication Working Paper Series no. 279:

Liquidity problems in the FX liquid market: Ask for the "BIL"

By Borgy Vladimir, Idier Julien, Le Fol Gaëlle

Published on 03/01/2010
EN
PDF (1.9 MB)

January

Publication Working Paper Series no. 278:

Central bank liquidity and market liquidity: the role of collateral provision on the French government debt securities market

By Avouyi-Dovi Sanvi, Idier Julien

Published on 01/01/2010
EN
PDF (1.66 MB)

Publication Working Paper Series no. 275:

Common business and housing market cycles in the Euro area from a multivariate decomposition

By Ferrara Laurent, Koopman Siem jan

Published on 01/01/2010
EN
PDF (303.87 KB)

Publication Working Paper Series no. 273:

Costs, demand, and producer price changes

By Loupias Claire, Sevestre Patrick

Published on 01/01/2010
EN
PDF (295.13 KB)

Publication Working Paper Series no. 272:

National borders matter... where one draws the lines too

By Lavallée Emmanuelle, Vicard Vincent

Published on 01/01/2010
EN
PDF (464.29 KB)

Publication Working Paper Series no. 271:

Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century

By Kocoglu Yussuf, Mairesse Jacques

Published on 01/01/2010
EN
PDF (272.34 KB)

Publication Working Paper Series no. 274:

The international transmission of house price shocks

By De Bandt Olivier, Barhoumi Karim, Bruneau Catherine

Published on 01/01/2010
EN
PDF (422.81 KB)

Publication Working Paper Series no. 276:

Wealth effects: the French case

By Chauvin Valérie, Damette Olivier

Published on 01/01/2010
EN
PDF (391.26 KB)

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