Welcome! 

Economist at the Banque de France, I hold a Ph.D. from Paris School of Economics and Université Paris 1 Panthéon-Sorbonne. 

I analyze financial frictions and their effects on the real outcomes of firms, using microeconometric methods and game-theoretic tools (research agenda). 

My Job Market Paper considers long-term productive projects. The lending relationship features a bilateral monopoly, causing strategic bargaining at renewal. The bank's negotiating power, derived from primitives, is weak. Under simple conditions, the bank is bound to make a loss at loan renewal, leading to constraints if it is unable or unwilling to lend long. This result holds with a minimal set of frictions.

News: next presentation of my JMP at ASSET 2025 (Rabat)

Contact: harpedanne@psemail.eu