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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.

December

Publication Working Paper Series no. 411:
Bank Ownership and Credit Cycle: the lower sensitivity of public bank lending to the business cycle (revised in May 2013)
By Duprey Thibaut
  • Published on 12/01/2012
  • EN
  • PDF (616.68 KB)
Publication Working Paper Series no. 414:
Bilateral Exposures and Systemic Solvency Risk
By Gouriéroux Christian, Héam Jean-Cyprien, Monfort Alain
  • Published on 12/01/2012
  • EN
  • PDF (816.05 KB)
Publication Working Paper Series no. 412:
Monetary Policy and Herd Behavior: Leaning Against Bubbles
By Loisel Olivier, Pommeret Aude, Portier Franck
  • Published on 12/01/2012
  • EN
  • PDF (755.95 KB)
Publication Working Paper Series no. 413:
Optimal Monetary and Prudential Policies
By Collard Fabrice, Dellas Harris, Diba Behzad, Loisel Olivier
  • Published on 12/01/2012
  • EN
  • PDF (713.17 KB)
Publication Working Paper Series no. 415:
The impact of a `soda tax' on prices. Evidence from French micro data
By Berardi Nicoletta, Sevestre Patrick, Vigneron Alexandre
  • Published on 12/01/2012
  • EN
  • PDF (788.18 KB)

November

Publication Working Paper Series no. 406:
Capital Controls with International Reserve Accumulation: Can this Be Optimal?
By Bacchetta Philippe, Benhima Kenza, Kalantzis Yannick
  • Published on 11/01/2012
  • EN
  • PDF (568.34 KB)
Publication Working Paper Series no. 405:
Did the crisis induce credit rationing for French SMEs?
By Kremp Elisabeth, Sevestre Patrick
  • Published on 11/01/2012
  • EN
  • PDF (487.07 KB)
Publication Working Paper Series no. 408:
Export dynamics and sales at home
By Berthou Antoine, Berman Nicolas, Héricourt Jérôme
  • Published on 11/01/2012
  • EN
  • PDF (400.14 KB)
Publication Working Paper Series no. 410:
Foreign Entry and Spillovers with Technological Incompatibilities in the Supply Chain - Forthcoming in Journal of International Economics
By Carluccio Juan, Fally Thibault
  • Published on 11/01/2012
  • EN
  • PDF (353.45 KB)
Publication Working Paper Series no. 409:
Short-term forecasts of French GDP: a dynamic factor model with targeted predictors
By Bessec Marie
  • Published on 11/01/2012
  • EN
  • PDF (1017.32 KB)
Publication Working Paper Series no. 407:
Tails of Inflation Forecasts and Tales of Monetary Policy
By Andrade Philippe, Ghysels Eric, Idier Julien
  • Published on 11/01/2012
  • EN
  • PDF (558.59 KB)

October

Publication Working Paper Series no. 403:
Generalizing the Taylor Principle: New Comment
  • Published on 10/01/2012
  • EN
  • PDF (419.89 KB)