Publications / Policy / WP & Ongoing Work

POLICY

• What impact do oil shocks have on manufacturing firms?

  • •  Banque de France Eco Notepad # 414, 2025

• State-guaranteed loans : how do firms choose to repay?  with M. Lé and C. Zapha 

  • • Banque de France Eco Notepad # 369, 2024

• Activity shocks: the amplifier effect of trade credit, with B. Bureau, A. Duquerroy

  • • Banque de France Eco Notepad #330, 2023

• How do firms finance their investment?, with M. Lé, 

  • • Banque de France Eco Notepad #303, 2023

• The highly heterogeneous impact of the Covid-19 crisis on French firms, with B. Bureau, A. Duquerroy, J. Giorgi, M. Lé, and S. Scott

  • • SUERF Policy Brief #200, 2021

• Health crisis: (very) heterogeneous cash flow shocks, with B. Bureau, A. Duquerroy, J. Giorgi, M. Lé, and S. Scott

  • • Banque de France Eco Notepad #225, 2021

• Health crisis: what impact on SME debt?, with F. Lemaire, L. Py, and  J.-P. Villetelle, 

  • • Banque de France Eco Notepad #224 , 2021

• The public health crisis: a complementary approach to firms’ activity, with B. Bureau, A. Duquerroy, J. Giorgi, M. Lé, and S. Scott

  • • Banque de France Eco Notepad #211, 2021

• Outstanding loans to enterprises increased sharply in France in the first half of 2020, 

  • • Banque de France Bulletin #232-7, 2020 

• La situation des entreprises en France en 2017, with B. Bureau, 

  • • Banque de France Bulletin #221-2, 2019 

WORKING PAPERS & ONGOING WORK

• Oil Shocks and their Impact on Corporate Profitability, Productivity, and Credit Risk: Firm-Level Evidence Over Two Decades

  • • Banque de France WP #989 

• Do Loan Guarantees Spur Entrepreneurship? with A. Gazaniol, N. Pinardon-Touati and J. Hombert

  • • Version française

PERMANENT WORKING PAPERS

• Banks’ supply of long term credit after a liquidity shock: Evidence from 2007-2009 with P. Pessarossi