I am a Senior Economist at Banque de France and a CEPR Research Affiliate (MEF).
My research focuses on central bank communication and monetary policy uncertainty.
Publications
with Michael Bordo, Journal of Monetary Economics (2023)
Media Coverage The Economist, Wall Street Journal, Les Echos, Le Figaro, MarketWatch, Brookings Institute Blog, CentralBanking (May'18), De Tijd, Financial News, L'AGEFI Quotidien, L'AGEFI Hebdo, Bloomberg, L'Opinion
with Florens Odendahl and Giulia Sestieri, Journal of Banking and Finance (2023)
with Guillaume Belly, Lukas Boeckelmann, Carlos Mateo Caicedo Graciano, Alberto Di Iorio, Vasileios Siakoulis and Arthur Stalla-Bourdillon, Journal of Forecasting (2023)with Anamaria Piloiu, Revue d'Économie Politique (2020)
Journal of Monetary Economics (2019)
with Sarah Mouabbi, Journal of International Money and Finance (2018)
Central Bank Communication and Inflation Expectations
with Michael McMahon in the “Research Handbook on Inflation”, eds. Ascari, G. and Trezzi, R, Edward Elgar Publishing (forthcoming)
The Trust-to-Investment Experimental Framework for Studying Entrepreneurship
with Beatrice Boulu-Reshf, Adrian Calmettes, Graciela Kuechle, Sofiia Mun, Luise Rohland, Review of Entrepreneurship (forthcoming)
Working Papers
with Lukas Hack and Matthias Meier, Review of Economic Studies, Revise&Resubmit
CEPR Discussion Paper DP17999, ECB WP 2851
with Lukas Hack and Matthias Meier, CEPR Discussion Paper DP19063
with Anne Duquerroy and Sarah Mouabbi, CEPR Discussion Paper DP18722
with Pietro Fadda, Rayane Hanifi and Adrian Penalver, CEPR Discussion Paper DP177
with Florens Odendahl and Giulia Sestieri, CEPR Discussion Paper No. 19242; Banque de France Working Paper Series no. 859
Banque de France Working Paper Series no. 725
Media Coverage The Economist, Wall Street Journal, Financial News, Het Financieele Dagblad, CentralBanking (Aug'19), e-axes, L'Opinion
with K. Assenmacher et al, ECB Occasional Paper No. 2021/274
Blog, Op-eds posts
Hawkish or dovish central bankers: Different flocks and fiscal shocks with Lukas Hack and Matthias Meier, Vox EU, December 2023
Towards more clarity in central bank communication, with Sylverie Herbert and Giulia Sestieri, BdF Blog 314, April 2023
Clear, consistent and inclusive ECB communication, with Katrin Assenmacher, Gabriel Glöckler, Sarah Holton, Adrian Penalver, BdF Blog 244, December 2021
Monetary policy, fragmentation risks and the euro with Maria Sole Pagliari and Urszula Szczerbowicz, BdF Blog 237, November 2021
Fed's financial stability concerns and monetary policy with Giulia Sestieri and Florens Odendahl, BdF Blog 193, December 2020
La communication des banques centrales : du secret à la transparence with Jean Barthelemy, Stephane Dupraz and Gaetano Gaballo, La Liberation, November 2019
The making of the Federal Open Market Committee: Ideology and politics with Michael Bordo, Vox EU, August 2018
Gender Diversity, Central Banks and Monetary Policy, Variances, October 2019
Does the ECB balance of risks matter for monetary policy decisions? with Giulia Sestieri, BdF Blog, August 2019
Central banking at the top: it's a man's world, with Giulia Sestieri, BdF Blog, October 2018
Choosing monetary policymakers: three lessons from the U.S Fed’s history, BdF Blog, May 2018
Interest rate uncertainty harms the economy with Sarah Mouabbi, BdF Blog, September 2017
Conference Discussions
Monetary Communication Rules by Laura Gati and Amy Handlan, at IRFMP at Federal Reserve Board, 2024
The effect of monetary policy on inflation heterogeneity along the income distribution by Miguel Ampudia, Michael Ehrmann and Georg Strasser at Diversity, Equity and Inclusion in Economics, Finance, and Central Banking Conference, Bank of Spain, 2024
Household Expectations and Dissent Among Policymakers by Moritz Grebe and Peter Tillman at SUERF-Banca d’Italia-ECB-EIB conference, Bank of Italy, 2023
Mortgage Choice and Inflation Experiences in the Euro Area by Josefina Cenzon and Barna Szabo at CEPR, ECB and BdF conference, Paris 2023
Gauging the Sentiment of FOMC Communications through the Eyes of the Financial Press by Shantanu Banerjee, Michiel De Pooter, Olesya V. Grishchenko, Brad Strum and Cait Walsh, ECONDAT 2023 spring Meeting: Economics with Nontraditional Data and Analytical Tools, London, 2023
Reading between the lines - Using text analysis to estimate the loss function of the ECB by Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki, Juha Kilponen, Ilona Vanni, ESCB research cluster 1, Deutsche Bundesbank 2020
Strategic interactions in preparing for committee meetings by Michael Ehrmann, Robin Tietz, Bauke Visser, Macro Workshop, Bundesbank 2019
Central Bank Communication that Works: Lessons from Lab Experiments by Oleksiy Kryvtsov and Luba Petersen, Joint Conference on Household Expectations, Bundesbank 2019
Enhancing central bank communications using simple and relatable information by Bholat, Broughton, Ter Meer and Walczak, NBU Annual Research Conference 2019
The Evolving Scope and Content of Central Bank Speeches by Pierre L. Siklos, Samantha St. Amand and Joanna Wajda, BoC Central Bank Communications Conference 2018
Peer Effects in Central Banking by Roman Horvath, ICMAIF 2018, Crete
Heterogeneous Inflation Expectations within a Monetary Union by Michal L. Kobielarz, 7th IWH/INFER 2017
Attenuating the Forward Guidance Puzzle: Implications for Optimal Monetary Policy by Taisuke Nakata, Sebastian Schmidt, Paul Yoo, T2M Lisbon 2017