Publications

SELECTED PUBLICATIONS

Firms' Inflation Expectations: New Evidence from France, (with Olivier Coibion, Erwan Gautier, Yuriy Gorodnichenko), Journal of the European Economic Association, 2024.  [SUERF policy brief]

SMEs’ Financing in the Aftermath of the Financial and Sovereign Debt Crises: A Comparison across Euro-Area Countries, (with Sébastien Roux), Journal of International Money and Finance, Volume 142, 2024, 103020. 

Simultaneously Incomplete and Incoherent (SII) Dynamic LDV Models: With an Application to Financing Constraints and Firms’ Decision to Innovate,  (with Vassilis Hajivassiliou),  Journal of Econometrics, Volume 238, Issue 1, 2024, 105546.

Intergenerational Homeownership Correlation in France over the 20th Century, (with Bertrand Garbinti), NBER Book, 2022, Measuring and understanding the distribution and intra/inter-generational mobility of income and wealth. Editors:  Raj Chetty, John N. Friedman, Janet C. Gornick, Barry Johnson, and Arthur Kennickell, University of Chicago Press. 

Does Inequality Matter for the Consumption-Wealth Channel? Empirical Evidence, (with Luc Arrondel and Pierre Lamarche), 2019, European Economic Review, vol. 111(C), p. 139-165.

How do households allocate their assets? Stylised facts from the Eurosystem Household Finance and Consumption Survey, (with L. Arrondel, L. Bartiloro, P. Fessler, P. Lindner, T. Y. Mathä, C. Rampazzi, T. Schmidt, M. Schürz and P. Vermeulen), 2016, International Journal of Central Banking, , vol. 12(2), p. 129-220.

Wealth Effect on Consumption: French Households in the Crisis, (with Luc Arrondel and Kévin Tracol), 2014, International Journal of Central Banking, vol. 10, n°3, p.163-204.

Financial Literacy and Financial Planning in France,  (with Luc Arrondel and Majdi Debbich), 2013, Numeracy:Vol. 6: Iss. 2, Article 8.

The Impact of financial constraints on Innovation: What can be learned from a direct measure?, 2008, Economics of Innovation and New Technology, 17(6), p.553-569.

OTHER PEER-REVIEWED PUBLICATIONS

Risk management, Housing and Stockholding, (with Luc Arrondel), 2015, Applied Economics, vol 47, Iss.39, p. 4208-4227.

Stockholding in France: the role of financial literacy and information,  (with Luc Arrondel and  Majdi Debbich), 2015, Applied Economic Letters, vol. 22, Iss. 16, p. 1315-1319 

Consommation et Patrimoine des ménages : au-delà du débat macro-économique, (with Luc Arrondel and Pierre Lamarche), 2014, Économie et Statistique  n°472-473, p. 21-30.

L’épargnant au bord de la crise, (with Luc Arrondel and Vladimir Borgy), 2012, Revue d’Économie financière, N°108, p69-90.

Quel mode de financement pour les jeunes entreprises innovantes : financement interne, prêts bancaires ou capital-risque ?, 2007, Revue Économique n° 58(4), p. 863-889

POLICY

• Immobilier et endettement des ménages en France, Allemagne, Espagne et Italie : une situation singulière de la France (with F. Sédillot,  S. Tarrieu, and J.P. Villetelle), Bulletin de la Banque de France n°251, article 3. [Les Echos] [L'AGEFI] [Ouest France] 

• Explaining the narrowing of the gender gap in lifetime earnings (with C. García Peñalosa, B. Garbinti and V. Pecheu), 2023, Blog Banque de France n° 333 (also in French Revenus du travail au long de la vie active : comment s'explique la réduction de l'écart femme-homme)

• What are business leaders’ inflation expectations? (with P. Bouche, J. Demuynck, E. Gautier), 2022, Blog Banque de France n°275 (also in French Qu'anticipent les chefs d'entreprise sur l'inflation?) 

• Measuring Firms' Inflation Expectations (with P. Bouche, J. Demuynck, E. Gautier), 2022  BdF Bulletin n°236, article 6 (also in French  Mesurer les anticipations d'inflation des entreprises, Bulletin de la Banque de France n°236, article 6.)

• Monetary Policy and Inequality : Where Do We Stand ?  (with  E. Gautier, A. Penalver, F. Savignac), 2020, Blog Banque de France n°151. [Le Figaro] 

• Wealth and debts of households in France, Germany and Italy before the Covid‑19 crisis (with J. Coffinet, B. Garbinti, M. Mouliom), Bulletin de la Banque de France n°230/3. (also in French, Patrimoine et endettement des ménages en France, en Allemagne et en Italie avant la crise Covid-19).

• The role of real estate in euro area wealth inequality: lessons from the Household Finance and Consumption Survey (with B. Garbinti), 2018, Rue de la Banque n°55.

• Households’ real estate and financial asset holdings: what differences in investment behaviour within the euro area? (with L. Arrondel), 2016, Rue de la Banque n°19.

• Does financial literacy influence financial decisions? (with L. Arrondel and M. Debbich), 2015, Rue de la Banque n°2. 

• Patrimoine et endettement des ménages dans la zone euro : le rôle prépondérant de l’immobilier, avec L. Arrondel et M. Roger, 2013, Bulletin de la Banque de France, n° 192, 2e trimestre, 81-94.