Research
WORKING PAPERS
Emotional markets: Competitive arousal, overbidding and bubbles, with B. Corgnet and N. Hanaki.
Central bank’s stabilization and communication policies when firms have motivated beliefs, with R. Dos Santos Ferreira, R&R Economic Theory.
On the robustness of higher order attitudes to ambiguity framing, with M. A. Erazo-Diaz, B. Rey and A. Zylbersztejn.
PUBLISHED PAPERS IN ENGLISH
Negative tail events, emotions & risk taking, with B. Corgnet and N. Hanaki, Economic Journal, 2024, 134(658), 538-578. WP version
Media Coverage : Finance Derivative, Finance Monthly, La Vanguardia, SME Business News, Business Daily, Thinking Australia, Medium, GATE Magazine
Business cycle fluctuations and monetary policy under heterogenous information, with R. Baeriswyl and P. Clerc, Macroeconomics: cycles, growth, policies, Wiley, accepted for publication.
Measuring aversion to strategic uncertainty, with L. Bruttel, M. Bulutay, F. Heinemann and A. Zylbersztejn, Experimental Economics, 2023, 26, 522-549. WP version
Trading and Cognition in Asset Markets: An Eye-tracking Experiment, with M. A. Erazo-Diaz and A. Zylbersztejn, Journal of Economic Behavior and Organization, 2023, 216, 711-732. WP version
Information frictions in inflation expectations: a comparison among five categories of economic agents, with P. Hubert, European Economic Review, 2022, 146, 104175. WP version
Learning to deal with repeated shocks under strategic complementarity: An experiment, with M. Bulutay and A. Zylbersztejn, Journal of Economic Behavior and Organization, 2022, 200, 1318-1343. WP version
Monetary policy obeying the Taylor principle turns prices into strategic substitutes, with F. Heinemann, Journal of Economic Behavior and Organization, 2022, 200, 1357-1371. WP version
Macroprudential Policy: New Challenges, Introduction to the Special Issue, with C. Guillaumin and J. Idier, International Economics, 2022, 172, 53-55. Paper
Double overreaction in beauty-contests with information acquisition: theory and experiment, with R. Baeriswyl and K. Boun My, Journal of Monetary Economics, 2021, 118(C), 432-445. WP version
Public information and the concern for coordination, with K. Boun My and R. Dos Santos Ferreira, Journal of Behavioral and Experimental Economics, 2021, 93, 101710. WP version
Observing and shaping the market: the dilemma of central banks, with R. Baeriswyl and B. Ziliotto, Journal of Money, Credit and Banking, 2020, 52(8), 1973-2005. WP version
On the external validity of experimental inflation forecasts: A comparison with five categories of field expectations, with P. Hubert, Journal of Economic Dynamics and Control, 2020, 110. WP version
The social value of information and the competition motive: price vs. quantity games, with R. Dos Santos Ferreira, Economic Theory, 2020, 70, 1101-1137. Paper
Cooperation in a differentiated duopoly when information is dispersed: A beauty contest game with endogenous concern for coordination, with R. Dos Santos Ferreira, Mathematical Social Sciences, 2020, 106, 101-111. WP version
Experiments on macroeconomics: methods and applications, with F. Heinemann, in A. Schram and A. Ule (eds): Handbook of Research Methods and Applications in Experimental Economics, Edward Elgar Publishing, 2019, 269-294. WP version
Does inflation targeting matter? An experimental investigation, with C. K. M’baye, Macroeconomic Dynamics, 2018, 22(2), 362-401. WP version
The distortionary effect of monetary policy: credit expansion vs. lump-sum transfers in the lab, with R. Baeriswyl, B.E. Journal of Macroeconomics, 2018, 18(2), 1-30. WP version
Band or Point Inflation Targeting? An Experimental Approach, with C. K. M’baye, Journal of Economic Interaction and Coordination, 2018, 13(2), 283-309. WP version
Media coverage: NEP-DGE blog.
Appraising sticky prices, sticky information and limited higher order beliefs in light of experimental data, in F. Heinemann, U. Klueh, S. Watzka: Monetary Policy, Financial Crises, and the Macroeconomy: Festschrift for Gerhard Illing, Springer-Verlag, Heidelberg, 351 pages, 2017, ISBN 978-3-319-56261-2.
Increasing Home Bias and Sovereign Debt Crisis in the Eurozone, with P. Gandré and C. Gimet, Economic Modelling, 2016, 53, 445-469. WP version
The predominant role of signals precision in experimental beauty contest, with R. Baeriswyl, B.E. Journal of Theoretical Economics, Research article, 2016, 16(1), 267-301. Paper
Limited higher order beliefs and the welfare effects of public information, with F. Heinemann, Journal of Economic Studies, Special issue: Macroeconomic Experiments (ed.: C. Noussair), 2015, 42(6), 1-26. WP version
Experiments on monetary policy and central banking, with F. Heinemann, in “Experiments in Macroeconomics”, John Duffy (eds.), 17, Research in Experimental Economics, Emerald Group Publishing, 2014. WP version
Reducing overreaction to central banks disclosure: theory and experiment, with R. Baeriswyl, Journal of the European Economic Association, 2014, 12(4), 1087-1126. WP version
Media coverage: Le Temps (12/07/2012: « La sur-réaction des marchés étudiée par la BNS »), 20 Minuten online (13/07/2012 : "Nationalbank-Chef erhält Nachhilfe").
Measuring agents’ overreaction to public information in games with strategic complementarities, with F. Heinemann, Experimental Economics, 2014, 17(1), 61-77. WP version
The 2007-2008 financial crisis: Is there evidence of disaster myopia?, with C. Gimet, Emerging Markets Review, 2012, 13(3), 301-315. WP version
Transparency and Monetary Policy Effectiveness, with R. Baeriswyl, Annals of Economics and Statistics (Annales d’Economie et de Statistique), 2011, 103-104, 165-184. WP version
The Signaling Role of Policy Actions, with R. Baeriswyl, Journal of Monetary Economics, 2010, 57(6), 682-695. Paper
Media coverage: CNRS, Journal du CNRS (December 2010).
Optimal Monetary Policy in Response to Supply Inflation: the Impact of Central Bank Communication, with R. Baeriswyl, International Journal of Central Banking, 2010, 6(2), 31-52. Paper
Speculative Attacks with Multiple Sources of Public Information, with F. Heinemann, Scandinavian Journal of Economics, 2009, 111(1), 73-101. WP version
Optimal Degree of Public Information Dissemination, with F. Heinemann, Economic Journal, 2008, 118, 718-742. Paper
Media coverage: Media briefing of the Royal Economic Society, Vox.
Liquidity Crises of Private Corporations in Emerging Economies and International Bankruptcy Rules, in O. Steiger: Property Economics: Property Rights, Creditor’s Money and the Foundations of the Economy, Marburg: Metropolis Verlag, 2008, 475 pages.
Monetary Policy and its Informative Value, with R. Baeriswyl, Proceedings of the Federal Reserve of San Francisco, 2007.
Speculative Attacks and Informational Structure: an Experimental Study, Review of International Economics, 2006, 14, n°5, novembre 2006, p. 797-817. WP version
The Pros and Cons of Higher Transparency: The case of Speculative Attacks, with J.-P. Allegret, Louvain Economic Review, 2006, 72(3), 215-246. WP version
PUBLISHED PAPERS IN FRENCH
Macro-expérimentation autour des fonctions des banques centrales, with F. Heinemann, Revue Française d’Economie, 2015, XXX(2), 59-103. WP version
Une analyse informationnelle de la crise financière récente, with J.-P. Allegret, Revue Française d’Economie, 2014, XXVIII(3), 213-264. WP version
La politique Monétaire en Information Hétérogène, with R. Baeriswyl, Revue Française d’Economie, 2008, XXIII(1), 117-163.
Politique monétaire inflationniste : quelle alternative à Barro-Gordon ?, with R. Baeriswyl, Revue Economique, 2007, 58(3), 661-670.
La politique de diffusion de l’information, with J.-P. Allegret, Revue Française d’Economie, 2006, XXI(1), 87-126. WP version
Publicité limitée de l’information et sur-réaction aux annonces lors des épisodes spéculatifs, with F. Heinemann, Revue Economique, 2006, 57(3), 399-405. WP version
La coordination des acteurs lors d’une attaque spéculative : l’apport des jeux globaux, Revue d’Economie Politique, 2004, 114(6), 793-820.
Le traitement juridique de l’insolvabilité à l’échelle internationale : vers des procédures internationales de faillite des entreprises dans les pays émergents, with I. Cherief, Revue d’Economie Financière, 2003, 72, 337-358. Paper
Quel cadre d’implication du secteur privé proposer pour gérer les crises de liquidité des économies de marché émergentes?, Economie Internationale, 2002, 91, 5-33.