Francesco Pappadà
Research Economist                 CV : pdf

Banque de France

International Macroeconomics Division 

Contact :
Main fields of research
International Macroeconomics, Credit frictions and firm dynamics, Fiscal policy


Publications in refereed journals :

Austerity and tax compliance (with Yanos Zylberberg)         
European Economic Review (2017), vol. 100, 506-524.

Credit frictions and the cleansing effect of recessions (with Sophie Osotimehin       

Economic Journal (2017), vol. 127, issue 602, 1153-1187.

Euro area external imbalances and the burden of adjustment
(with Filippo di Mauro

Journal of International Money and Finance (2014), vol. 48(PB), 336-356.


Real adjustment of current account imbalances with firm heterogeneity

IMF Economic Review (2011), vol. 59, No. 3, 431-454.

Working papers :

Hanging off a cliff: fiscal consolidations and default risk (with 
Yanos Zylberberg) 
Meeting Papers 844, Society for Economic Dynamics (2018).

Exchange rate management and firm dynamics (with Masashige Hamano)

New draft available soon 

leansing effect along the firm life cycle
(with Giuseppe Berlingieri and Sophie Osotimehin

In progress

Central bank insolvency and ex-post fiscal support. The French experiences of 1914 and 1931
(with Eric Monnet

In progress

Policy and non-academic publications :

Tax compliance, default risk and GDP linked bonds, Eco Notepad Banque de France

The “cleansing effect” of recessions : Inefficient firms fail, average productivity goes up
, LSE Business Review

Fiscal consolidation episodes in OECD countries : the role of tax compliance and fiscal space  
(with Germain Gauthier and Laurent Ferrara), Quarterly Selection of Articles Banque de France Bulletin

Media interventions on austerity and tax evasion in Greece, 
The Economist - 
The New York Times

Exchange rates and trade adjustment : Fat tails matter, VOX-EU column - Rue de la Banque

Tax Evasion and Austerity-Plan failureVOX-EU column