RESEARCH
Fields of Interest
Firms behavior and financial constraints, Finance and Inequality, International trade, Public economics
Awards
University of Evry-Paris-Saclay Award (Prime individuelle (C3) du RIPEC ), 2023-...
University of Lille Doctoral Supervision and Research Award (Prime d'Encadrement Doctoral et de Recherche), 2019-2023
University of Brest Doctoral Supervision and Research Award (Prime d'Encadrement Doctoral et de Recherche), 2015-2019
University of Lille 1 Research Award (Prime d’Excellence Scientifique), 2010-2014.
Laureate for the prize “Young Researcher in Economics” from the Fondation Banque de France, July 2009.
Published Papers (International Refereed Journals)
[1] Grjebine Thomas, Jérôme Héricourt and Fabien Tripier, 2023, "Sectoral Reallocations, Real-Estate Shocks, and Productivity Divergence in Europe'', Review of World Economics 159(1), 101-132. DOI: https://doi.org/10.1007/s10290-022-00464-3, see also the Vox Column..
Older version as Working Paper CEPII #2019-09, PDF.
[2] Daudin Guillaume, Jérôme Héricourt and Lise Patureau, 2022, "International Transport Costs: New Findings from Modeling Additive Costs", Journal of Economic Geography 22(5), 989-1044 (additional results: online appendix). DOI : https://doi.org/10.1093/jeg/lbac007, see also the Vox Column.
Older versions as Working Paper CEPII #2018-10, PDF, Discussion Paper LEM #2021-12, PDF.
[3] Bazillier Rémi, Jérôme Héricourt and Samuel Ligonniere, 2021, "Structure of Income Inequality and Household Leverage: Cross-Country Causal Evidence", European Economic Review 132, 103629 (additional results: online appendix), DOI : https://doi.org/10.1016/j.euroecorev.2020.103629.
Older version as Working Paper CES #2019-05, PDF, Media coverage in French: Le Monde, The Conversation).
[4] Héricourt Jérôme and Clément Nedoncelle, 2018, “Multi-destination Firms and the Impact of Exchange-Rate Risk on Trade", Journal of Comparative Economics 46(4), 1178-1193 (online appendix), DOI: https://doi.org/10.1016/j.jce.2018.07.016
CEPREMAP Discussion Paper #1620, PDF , see also the Vox column.
[5] Bazillier Rémi and Jérôme Héricourt, 2017, “The Circular Relationship between Inequality, Leverage, and Financial Crises”, Journal of Economic Surveys 31(2), 463-496 (online appendix).
CEPII Working Paper #2014-22, PDF (extended version), DR LEO 2015.6, PDF (“shorter” version).
[6] Héricourt Jérôme and Sandra Poncet, 2015, "Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms", The World Bank Economic Review, 29(3), 550-578 (online appendix).
CESifo Working Paper # 4303, PDF ; see also the Vox Column.
[7] Berman Nicolas, Antoine Berthou and Jérôme Héricourt, 2015, "Export Dynamics and Sales at Home", Journal of International Economics 96(2), 298-310 (online appendix).
ECB Working Paper #1720, PDF ; CEPR Discussion Paper #8684 (2011 version), PDF ; see also the Vox Column.
[8] Héricourt Jérôme and Gilles Spielvogel, 2014, "Beliefs, Media Exposure and Policy Preferences on Immigration: Evidence from Europe'', Applied Economics 46(2), 225-239.
DIAL Working Paper # 2012-06, PDF; see also the column in La vie des Idées (in French).
[9] Cassette Aurélie, Farvaque Etienne and Jérôme Héricourt, 2013, "Two-Round Elections, One-Round Determinants? Evidence from the French Municipal Elections", Public Choice 156(3), 563-591.
MPRA Working Paper #34675, PDF.
[10] Couppey-Soubeyran Jézabel and Jérôme Héricourt, 2013, "The Impact of Financial Development on the Relationship between Trade Credit, Bank Credit and Firm Characteristics: A Study on Firm-Level Data from Six MENA Countries", Review of Middle East Economics and Finance 9(2), 197-239.
Substantially revised version of Working Paper CES # 2011-08 , PDF.
[11] Berman Nicolas and Jérôme Héricourt, 2011, "Debt Denomination, Exchange Rate Variations and the Margins of Trade", Applied Economics Letters 18(9), 817-822. PDF.
[12] Berman Nicolas and Jérôme Héricourt, 2010, "Financial Factors and the Margins of Trade: Evidence from Cross-Country Firm-Level Data'', Journal of Development Economics 93(2), pp. 206-217.
CES Working Paper #2008-50, PDF.
[13] Farvaque Etienne, Jérôme Héricourt and Gael Lagadec, 2010, "Central Bank Independence and Ageing", Applied Economics Letters 17(12), 1167-1171, PDF.
[14] Dubois Emmanuel, Jérôme Héricourt and Valérie Mignon, 2009, "What if the Euro had never been Launched? A Counterfactual Analysis of the Macroeconomic Impact of Euro Membership", Economics Bulletin 29(3), 2252-2266, PDF.
A longer version is available as CEPII Working Paper #2007-17, PDF.
[15] Héricourt Jérôme and Sandra Poncet, 2009, "FDI and Credit Constraints: Firm-Level Evidence in China", Economic Systems 33(1), 1-21.
CEPII Working Paper # 2007-11, PDF.
[16] Héricourt Jérôme and Mathilde Maurel, 2006, "The Feldstein-Horioka Puzzle Revisited: An ''European-Regional'' Perspective'', Brussels Economic Review 49(2), 147-168, PDF.
[17] Héricourt Jérôme, 2006, "Monetary Policy Transmission in the CEECs: a Comprehensive Analysis", Economic and Business Review 8(1), 37-82, PDF.
Published Papers (French Refereed Journals)
[18] Farvaque Etienne, Jérôme Héricourt and Marcelin Joanis, 2019, “Déterminants politiques des transferts de l’Etat vers les communes : le cas de la DGF”, Revue Economique 70(1), 53-66, PDF.
[19] Bazillier Rémi, Jérôme Héricourt and Samuel Ligonniere,, 2018, “La relation circulaire entre inégalités de revenu et finance : Tour d’horizon de la littérature et résultats récents ”, Revue d’Economie Financière 128, 127-152, PDF.
[20] Couppey-Soubeyran Jézabel, Jérôme Héricourt and Inès Chaari, 2012," Le crédit commercial : un substitut au crédit bancaire… quand le développement financier est faible. Une analyse empirique sur données de firmes de la région M.E.N.A.", Revue Economique 63(6), 1113-1144, PDF.
[21] Cassette Aurélie, Farvaque Etienne, Héricourt Jérôme and Nicolas Jean, 2011, “Dépenses "visibles" et perspectives de réélection dans un scrutin à deux tours : Le cas des élections municipales françaises”, Revue d’Economie Politique 121, pp. 435-486, PDF.
[22] Bachellerie Adeline, Jérôme Héricourt and Valérie Mignon, 2010, "L’intégration commerciale est-elle une condition préalable à l'intégration financière ?", Revue Economique 61(3), 477-488, PDF.
[23] Héricourt Jérôme and Iuliana Matei, 2007, "Transmission de la politique monétaire dans les PECO: que savons-nous vraiment ?'', Économie et Prévision 180-181, 221-238, PDF.
[24] Héricourt Jérôme and Julien Reynaud, 2006, "La crise monétaire turque de 2000/2001 : une analyse de l'échec du plan de stabilisation par le change du FMI'', Économie Internationale 108, 5-26, PDF.
[25] Ertugrul Ayse, Héricourt Jérôme and Julien Reynaud, 2005, "Fonction de réaction et politique monétaire en changes fixes : une nouvelle formulation appliquée à la Turquie", Économie Internationale 103, 97-119, PDF.
Textbook
Héricourt Jérôme and Julien Reynaud, "Econométrie", Paris : Dunod, coll. Travaux Dirigés, 2007.
Chapters in Books
Grjebine Thomas and Jérôme Héricourt, “Les dilemmes d’une réindustrialisation (verte) en économie ouverte”, dans L’économie mondiale 2024, Paris : la Découverte, 2023.
Héricourt Jérôme, "Plans de relance budgétaire : quelle efficacité ?”, in L'Economie Mondiale 2023, Paris : la Découverte, 2022, PDF.
Héricourt Jérôme, "Inégalités et crédit aux ménages. Un couple infernal", In Carnets Graphiques, Paris : CEPII, p.92-93, 2018, PDF.
Bazillier Rémi and Jérôme Héricourt, "Inégalités et instabilité financière : des maux liés ?", in L'Economie Mondiale 2016, Paris : la Découverte, 2015.
Hericourt, Jérôme, "Zone monétaire optimale et union monétaire européenne", in C. de Boissieu and J. Couppey-Soubeyran ed., Les Systèmes Financiers : Mutations, crises et régulations, 4th edition, Paris: Economica, 2013.
Héricourt Jérôme and Julien Reynaud, "La politique monétaire de la Banque centrale européenne : du conventionnel au non conventionnel", in C. de Boissieu and J. Couppey-Soubeyran (ed.), Les Systèmes Financiers : Mutations, crises et régulations, 4th edition, Paris: Economica, 2013.
Héricourt Jérôme and Gilles Spielvogel, "Public Opinions and Immigration: Individual Attitudes, Interest Groups and the Media", in International Migration Outlook 2010, OECD report, Paris: OECD, 2010.
Héricourt Jérôme and Iuliana Matei, "Impact des chocs monétaires dans les Pays d’Europe Centrale et Orientale : Quelles implications pour l’adoption de l’euro ?", in H. Krifa-Schneider ed., Elargissement de l'Union Européenne : Enjeux et Perspectives, Paris : L'Harmattan, 2007.
Working Papers and Ongoing Research
Nedoncelle Clément, Léa Marchal, Amandine Aubry, and Jérôme Héricourt, 2024, "Does Immigration Affect Native Wages? A Meta-Analysis", KCG Working Paper #31, PDF. (The names of the authors appear in a random order: AEA randomization code: ICZoMMYmfVnC)
Blomme Océane et Jérôme Héricourt, 2023, “Inequality, Current Account Imbalances and Middle Incomes”, CEPII Working Paper #2023-11, PDF.
Cadot Olivier, Anne-Célia Disdier, Julien Gourdon, Jérôme Héricourt and Akiko Suwa-Eisenmann, 2014, "Évaluer l’impact des instruments financiers en faveur des entreprises," CEPREMAP Working Paper #1408, PDF.
Hericourt Jérôme, Jean Imbs and Lise Patureau, "The collateral channel: Heterogeneity within and between countries''.
Curuk Malik, Jérôme Héricourt, and Gonzague Vannoorenberghe, “Labor Market Power and International Shocks”.
Policy Papers
Blomme Océane et Jérôme Héricourt, 2024, "Déséquilibres courants : le rôle complexe des inégalités de revenus", La Lettre du CEPII #443, PDF, January 2024.
Arquié Axelle, Jérôme Héricourt and Fabien Tripier, 2020, "Covid-19: Has the Time Come for Mainstream Macroeconomics to Rehabilitate Money Printing?", CEPII Policy Brief 2020-31, PDF & EconPol Policy Brief 28 (04/2020), PDF.
Grjebine Thomas, Jérôme Héricourt and Fabien Tripier, 2019, "Sectoral Reallocations, Real Estate Shocks and Productivity Divergence in Europe: A Tale of Three Countries" CEPII Policy Brief #27, PDF
Bazillier Rémi, Jérôme Héricourt and Samuel Ligonnière, 2017, “Les inégalités, un moteur du crédit aux ménages”, La Lettre du CEPII #379, PDF, September 2017
Bazillier Rémi and Jérôme Héricourt, 2016, "Inégalités et finance : quelles relations de causalité", Problèmes Economique, Hors-Série "Comprendre la Finance", September 2016.
Héricourt Jérôme and Clément Nedoncelle, 2016, "Les entreprises multi-destinations, mieux armées face au risque de change ", La Lettre du CEPII #367, PDF, July 2016.
Berman Nicolas, Antoine Berthou and Jérôme Héricourt, 2016, "Do Foreign Demand shocks Impact Company Sales in France", Rue de la Banque #24, May 2016.
Berman Nicolas, Antoine Berthou and Jérôme Héricourt, 2015, "Quand exporter aide à vendre chez soi", La Lettre du CEPII #354, PDF, June 2015.
Carton Benjamin, Jérôme Héricourt and Fabien Tripier, 2014, "Can the Euro Area Avoid a “Lost Decade”?," CEPII Policy Brief #2, PDF.
Héricourt Jérôme, Philippe Martin and Gianluca Orefice, 2014, "Les exportateurs français face aux variations de l’euro", La Lettre du CEPII #340, PDF, January 2014.
Contracts and Research Projects
2018-2022 : Co-Manager, with Gerald Willmann (U. Bielefeld) of a French-German ANR/DFG project, granted by the Agence Nationale pour la Recherche (ANR) and the Deutsche Forschungsgemeinschaft (DFG).
Topic: ““How Immigration Impacts Natives’ Wages : Investigating Cross-Country Differences”, 161,000 euros.
with Olivier Godart, Giovanni Facchini, Léa Marchal, Clément Nedoncelle, Gianluca Orefice, Giovanni Peri, and Max Steinhardt.
2011-2015: Project Manager “ANR Young Researcher", granted by the Agence Nationale pour la Recherche (ANR)
Topic: “Trade, monetary policy and financial constraints”, 132,000 Eur.
with Lise Patureau, Jean Imbs, Isabelle Méjean, Céline Poilly, Julien Reynaud, Sandra Poncet and Thepthida Sopraseuth.
2011-2012: Project Manager “BQR émergent”, granted by the University of Lille 1.
Topic: “Economic downturns and trade collapses: Similar phenomena, different explanations?”, 12,000 Eur.
with Nicolas Berman, Guillaume Daudin and Lise Patureau.
Referee reports
Economic Journal, Journal of International Economics, Journal of Development Economics, European Economic Review, Journal of Economic Geography, World Development, Public Choice, Canadian Journal of Economics, Economic Inquiry, Journal of Banking and Finance, Journal of International Money and Finance, Frontiers in Finance and in Economics, the Energy Journal, Scandinavian Journal of Economics, Review of International Economics, Economica, Review of World Economics, Economics Letters, China Economic Review, World trade Review, Economic Systems, Scottish Journal of Political Economy, Journal of Asian Economics, Brussels Economic Review, Applied Economics, Economic Modelling, International Review of Economics and Finance, Journal of Multinational Financial Management, Review of Financial Economics, Emerging Markets Finance and Trade, Contemporay Economic Policy, International Review of Financial Analysis, International Economics, Revue Économique, Revue d’Économie Politique, Économie et Prévision, L’Actualité Économique, Revue d’Économie Régionale et Urbaine.
Co-authors’ pages
Adeline Bachellerie, Rémi Bazillier, Nicolas Berman, Antoine Berthou, Olivier Cadot, Benjamin Carton, Aurélie Cassette, Jézabel Couppey-Soubeyran, Curuk Malik, Guillaume Daudin, Anne-Célia Disdier, Etienne Farvaque, Thomas Grjebine, Julien Gourdon, Jean Imbs, Marcelin Joanis, Léa Marchal, Philippe Martin, Mathilde Maurel, Valérie Mignon, Clément Nedoncelle, Gianluca Orefice, Lise Patureau, Sandra Poncet, Julien Reynaud, Akiko Suwa-Eisenmann, Gilles Spielvogel, Fabien Tripier, Gonzague Vannoorenberghe.
Current and Former PhD students
Clément Nedoncelle (defended in December 2016, now full-time researcher at INRAE, UMR PSAE - Université Paris-Saclay)
Samuel Ligonniere (defended in June 2018, now assistant professor at the University of Strasbourg, BETA-CNRS)
Mehdi El Herradi (defended in July 2021, now Economist, International Monetary Fund)
Hira Iqbal (defended in December 2021, now Assistant Professor, Department of Economics, Faculty of Social Sciences, Women University Mardan, Pakistan)
Océane Blomme (PhD student University of Lille, LEM-CNRS)
Last update: March 17th, 2024.