Research

My research interests lie in the field of macroeconomics with a focus on business cycles, financial markets, and labor economics.

Working Papers

• The Risk of Inflation Dispersion in the Euro Area (with S. Lhuissier, A. Ortmans), CEPREMAP Working Paper 2212.

• "Measuring Cyber Risk." (with S. Lhuissier).  Download the cyber risk indicators; Read the Post on the Banque de France's Blog 

• "Wealth inequality in the US:  on the impact of technology, taxes and skill composition" (with F. Langot)

Peer-Reviewed Publication

• Sectoral reallocations, Real estate shocks, and productivity divergence in Europe (with T. Grjebine and J. Héricourt) in Review of World Economics, forthcoming.

• Regime-dependent effects of uncertainty shocks: a structural interpretation (with S. Lhuissier) in Quantitative Economics, Volume 12, Issue 4 (November 2021).

• COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion? (with A. Ortmans)) in the European Economic Review, Volume 137, August 2021,

• Risk shocks and divergence between the Euro area and the US in the aftermath of the Great Recession (with T. Brand)  in the Annals of Economics and Statistics, issue 143.

• Cross-border investments and uncertainty: Firm-level evidence (with R. Cezar and T. Gigout) in Journal of International Money and Finance, Volume 108, 2020. 

• Uncertainty Shocks and Firm Creation: Search and Monitoring in the Credit Market (with T. Brand and M. Isoré), Journal of Economic Dynamic and Control, Volume 99, 2019, Pages 19-53. 

• The quality effect of intrafirm bargaining with endogenous worker flows (with T.-P. Maury), International Journal of Economic Theory, forthcoming. Volume15, Issue 2, 183-207, 2019.  Online Appendix

• Uncertainty and the Macroeconomy: Evidence from a composite uncertainty indicator (with A. Charles and O. Darné), Applied Economics, vol 10, 1093-1107, 2018.

• Corporate debt structure and economic recoveries (with T. Grjebine and U. Szczerbowicz), European Economic Review,vol 101, 77-100, 2018. 

• Are Unit Root Tests Useful in the Debate over the (Non)Stationarity of Hours Worked? Macroeconomic Dynamics vol 19(1), pp 167-188, 2015. (with A. Charles and O. Darné)

• Search Frictions, Credit Market Liquidity, and Net Interest Margin Cyclicality, Economica vol.82, pp. 79-102, 2015. (with K. Beaubrun-Diant) (CEPII Working Paper version)

• Strategies for search on the housing market and their implications for price dispersion, Journal of Housing Economics, vol. 26, 99.55-80, 2014. (with T.-P. Maury)

• Trend shocks and economic development, Journal of Development Economics, vol. 103, pp. 29–42, 2013. (with C. F. Naoussi) (CEPII Working Paper version)

• The Efficiency of Training and Hiring with Intrafirm Bargaining, Labour Economics, vol. 18(4), pp 527-538, 2011.

• Sticky prices, fair wages, and the comovements of unemployment and labor productivity growth, Journal of Economic Dynamic and Control, vol. 30, n°12, pp. 2749-2774, 2006.

• Asset returns and business cycles in models with investment adjustment costs, Economics Letters, vol. 86 no. 1, pp 141-146, 2005. (with K. Beaubrun-Diant)

• The scaling function-based estimator of long memory in presence of a short-term component, Economics Letters, vol. 84 no. 1, pp 49-54, 2004. (with J. Fillol)

• Sources of growth and the spectral properties of the labor market search model, Journal of Economic Dynamic and Control, vol. 28 no. 9, pp 1903-1923, 2004. (with J. Matheron et T.-P. Maury)

• Can the labor market search model explain the fluctuations of allocations of time?, Economic Modelling, vol. 21 no. 1, pp. 131-146, 2004.

• The scaling function-based estimator of the long memory parameter: a comparative study, Economics Bulletin, vol. 3 no. 23, pp. 1-7, 2003. (with J. Fillol)

• Output persistence in human capital-based growth models, Economics Bulletin, vol. 5 no. 11, pp. 1-8, 2003. (with T.-P. Maury)

• The dynamic correlation between growth and unemployment, Economics Bulletin, vol. 5 no. 4, pp. 1-9, 2002.

Peer-Reviewed Publication in French

• Finance, crises et croissance, Revue d'économie financière,  n° 127, 121-13, 2017. (avec T. Grjebine).

• Frictions de recherche sur les marchés financiers, Revue française d'économie, XXVIII-4, 15-47; 2014.

• La modélisation en équilibre général dynamique et stochastique des cycles économiques en Afrique Sub-Saharienne : une revue de la littérature (with C. F. Naoussi), Revue d’économie politique, 122(5), 657-683, 2012.

• Les apports des modèles d'équilibre général à l'analyse de la Grande Dépression, Série AF Histoire Economique Quantitative de Economies et sociétés, vol. 45, n°1, pp. 65-87, 2011. (with S. Bridji)

• Croissance et chômage à long terme, Economie et prévision, n°189, pp 57-74, 2009.

• Croissance optimale fondée sur la R&D: combien pour la recherche et combien pour le développement ? Annales d’économie et de statistique, n°80, pp 72-102, 2008.

• L'effort de recherche d'emploi et le comportement cyclique du chômage et des emplois vacants, Revue économique, vol. 56 no. 3, pp. 573-582, 2005. 

• Allocation du temps et propriétés cycliques du modèle d'appariement sur le marché du travail, Revue d’économie Politique, vol. 113 no. 3, pp. 335-352, 2003.

Publication in Books

•  Après dix ans de politique monétaire non conventionnelle, un retour à la normale est-il possible ? (avec J. Couppey-Soubeyran) In L'économie mondiale 2020, La Découverte, p.89-104, septembre 2019

• Uncertainty fluctuations: measures, effects and macroeconomic policy challenges, in "International Macroeconomics in the wake of the Global Financial Crisis" edited by L.Ferrara, I. Hernando and D. Marconi, Springer, 2018. (with L. Ferrara and S. Lhuissier)

• Financement de l'économie : le modèle européen remis en question, in L'économie mondiale 2016, La Découverte, p.57-71, septembre 2015 (with T. Grjebine & U. Szczerbowicz)

• Le risque, Actes des journées thématiques de la MSH Ange-Guépin 2013. Ouvrage collectif sous la direction de Fabien Tripier. L'Harmattan.

• Notice sur l'article « Rules rather than discretion: the inconsistency of optimal plans » Finn E. Kydland, Edward C. Prescott, 1977, Journal of Political Economy. Encyclopédie Universalis, 2006. Reproduit dans « Dictionnaire de l'Economie » Ed. Encyclopaedia Universalis & Albin Michel, éd. J. Couppey-Soubeyran, 2008.

• La localisation des activités financières dans l'Union européenne, Contribution au Rapport du CAE n°71 « Consolidation mondiale des Bourses », 2007. (avec G. Capelle-Blancard et M. Crozet).

• A neoschumpeterian revival in macroeconomics ?, in «Economic Theory in the Light of Schumpeter's Scientific Heritage», Dahiya, S.B., et V. Orati (éditeurs), Spellbound Publications, Rothak (India), 2001. (co-author G. Abraham-Frois et J. Matheron)