Aurélien Leroy - Research

WORKING PAPERS AND WORK IN PROGRESS

Navigating the well-being effects of monetary policy: Evidence from the European Central Bank.
Is monetary policy transmission green?
Commodity prices and monetary surprises.

PUBLICATIONS IN PEER-REVIEWED JOURNALS

El Herradi, M., & Leroy, A. (2022). The rich, poor, and middle class: Banking crises and income distribution. Journal of International Money and Finance, 127, 102695.
El Herradi, M., de Haan, J., & Leroy, A. (2022). Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries. Review of Income and Wealth.
Galanti, S., Leroy, A., & Vaubourg, A. G. (2022). Investment and access to external finance in Europe: Does analyst coverage matter?. International Review of Financial Analysis, 81, 102108.
El Herradi, M., & Leroy, A. (2021). Monetary policy and the top one percent: Evidence from a century of modern economic history. International Journal of Central Banking, vol.71.
Leroy, A., & Lucotte, Y. (2021). Environnement de taux bas et rentabilité des banques en zone euro. Revue d'économie financière, (2), 157-177.
El Herradi, M., & Leroy, A. (2020). Do rising top incomes fuel credit expansion?. Economics Letters, 196, 109539.
Leroy, A., & Lucotte, Y. (2019). Competition and credit procyclicality in European banking. Journal of Banking & Finance, 99, 237-251.
Leroy, A., & Pop, A. (2019). Macro-financial linkages: The role of the institutional framework. Journal of International Money and Finance, 92, 75-97.
Leroy, A. (2019). Banking competition, financial dependence and productivity growth in Europe. International Economics, 159, 1-17.
Revelo, J. D. G., Leroy, A., & Lucotte, Y. (2018). Les politiques macroprudentielles: enjeux et défis. Revue française d'économie, (4), 127-174.
Leroy, A., & Lucotte, Y. (2017). Is there a competition-stability trade-off in European banking?. Journal of International Financial Markets, Institutions and Money, 46, 199-215.
Leroy, A., & Lucotte, Y. (2016). Architecture des systèmes financiers et performances macroéconomiques. Revue d'économie financière, (3), 297-316.
Leroy, A., & Lucotte, Y. (2016). Structural and cyclical determinants of bank interest-rate pass-through in the Eurozone. Comparative Economic Studies, 58(2), 196-225.
Leroy, A., & Lucotte, Y. (2015). Heterogeneous monetary transmission process in the Eurozone: Does banking competition matter?. International Economics, 141, 115-134.
Leroy, A. (2014). Competition and the bank lending channel in Eurozone. Journal of International Financial Markets, Institutions and Money, 31, 296-314.