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Central Bank Research Hub - Bank of France Working Papers



Domestic Savings and Foreign Capital: the Complementarity Channel

by Enisse KharroubiNr 212
(Apr 2008)
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Sticky Wages. Evidence from Quarterly Microeconomic Data

by Thomas Heckel, Hervé Le Bihan and Jérémi MontornèsNr 208
(Apr 2008)
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Assessing the shape of the distribution of interest rates: lessons from French individual data

by Renaud LacroixNr 206
(Apr 2008)
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Total factor productivity and the decision to serve foreign markets: Firm level evidence from France.

by Delphine IracNr 205
(Apr 2008)
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Access to new imported varieties and total factor productivity: Firm level evidence from France.

by Delphine IracNr 204
(Apr 2008)
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Stress Testing and Corporate Finance (JEL C33, E44, G3)

by Olivier de Bandt, Catherine Bruneau and Widad El AmriNr 203
(Mar 2008)
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Financing Constraints and a Firm's Decision and Ability to Innovate: Establishing Direct and Reverse Effects (JEL C15, C51, C52)

by Vassilis Hajivassiliou and Frédérique SavignacNr 202
(Feb 2008)
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Welfare Implications of Heterogeneous Labor Markets in a Currency Area (JEL C3, C5)

by Céline Poilly and Jean-Guillaume SahucNr 199
(Feb 2008)
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Credit Constraints and the Cyclicality of R&D Investment: Evidence from France (JEL E22, E32, O16, O30, O32)

by Philippe Aghion, Philippe Askenazy, Nicolas Berman, Gilbert Cette and Laurent EymardNr 198
(Feb 2008)
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Competition, R&D, and the Cost of Innovation. (JEL L51, O31)

by Philippe Askenazy, Christophe Cahn and Delphine IracNr 197
(Feb 2008)
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On policy interactions among nations: when do cooperation and commitment matter ? (JEL E52, E63)

by Hubert Kempf and Leopold von ThaddenNr 196
(Jan 2008)
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Some Preliminary Evidence on the Globalization-Inflation Nexus (JEL C22, E31, F41)

by Sophie Guilloux and Enisse KharroubiNr 195
(Jan 2008)
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An Inflation Forecasting Model For The Euro Area. (JEL C52, C53, E37)

by Valérie Chauvin and Antoine DevulderNr 192
(Jan 2008)
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2007

Switching VARMA Term Structure Models - Extended Version (JEL C1, C5, E43, G12)

by Alain Monfort and Fulvio PegoraroNr 191
(Dec 2007)
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The Dynamic Effects of Disinflation Policies. (JEL E31, E32, E52)

by Fabrice Collard, Patrick Fève and Julien MatheronNr 190
(Nov 2007)
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Multi-Lag Term Structure Models with Stochastic Risk Premia (JEL C1, C5, G1)

by Alain Monfort and Fulvio PegoraroNr 189
(Nov 2007)
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Pricing and Inference with Mixtures of Conditionally Normal Processes (JEL C1, C5, G1)

by Henri Bertholon, Alain Monfort and Fulvio PegoraroNr 188
(Nov 2007)
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Regional Debt in Monetary Unions: Is it Inflationary? (JEL E31, E42, E58, E62)

by Russell Cooper, Hubert Kempf and Dan PeledNr 186
(Nov 2007)
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Lumpy Price Adjustments: A Microeconometric Analysis. (JEL C51, C81, D21)

by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran and Patrick SevestreNr 185
(Oct 2007)
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Does Money Matter for the Identification of Monetary Policy Shocks: A DSGE Perspective (JEL C52, E41, E52)

by Céline PoillyNr 184
(Oct 2007)
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Euro Area Market Reactions to the Monetary Developments Press Release

by Jérôme Coffinet and Sylvain GouteronNr 183
(Sep 2007)
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Differences in Interest Rate Policy at the ECB and the Fed : An Investigation with a Medium-Scale DSGE Model (JEL C51, E52, E58)

by Frank Smets and Jean-Guillaume SahucNr 182
(Sep 2007)
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Testing heterogeneity within the euro area (JEL C51, C52, F4)

by Eric Jondeau and Jean-Guillaume SahucNr 181
(Sep 2007)
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Indirect ICT Investment (JEL E22, O33)

by Paul-Antoine Beretti and Gilbert CetteNr 180
(Sep 2007)
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Financial Market Liquidity and the Lender of Last Resort (JEL E58, G11)

by Christian Ewerhart and Natacha VallaNr 179
(Sep 2007)
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Financial Market Liquidity and the Lender of Last Resort (JEL G14, G18)

by Christian Ewerhart and Natacha VallaNr 178
(Sep 2007)
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Time-Varying Coefficients in a GMM Framework: Estimation of a Forward Looking Taylor Rule for the Federal Reserve (JEL C14, C32, E5)

by Harry PartoucheNr 177
(Sep 2007)
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Probability of informed trading: an empirical application to the euro overnight market rate. (JEL E58, G21)

by Julien Idier and Stefano NardelliNr 176
(Sep 2007)
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Does uncertainty make a time-varying natural rate of interest irrelevant for the conduct of monetary policy? (JEL E37, E52)

by Jean-Stéphane Mésonnier and Jean-Paul RenneNr 175
(Sep 2007)
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Global Ageing and Macroeconomic Consequences of Demographic Uncertainty in a Multi-regional Model (JEL C68, D91, F21, J11)

by Juha Alho and Vladimir BorgyNr 174
(Jul 2007)
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Measuring Long-Run Exchange Rate Pass-Through. (JEL C23, F14, F31, F36, F42)

by Olivier de Bandt, Anindya Banerjee and Tomasz KozlukNr 173
(Jul 2007)
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Determinants of long-term interest rates in the United States and the euro area: A multivariate approach (JEL C32, E43)

by Julien Idier, caroline Jardet and Aymeric de LoubensNr 170
(Jun 2007)
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The impact of financial constraints on innovation: What can be learned from a direct measure? (JEL C35, G31)

by Frédérique SavignacNr 169
(Jun 2007)
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Understanding Asset Prices: Determinants and Policy Implications (JEL E44, E50, G12)

by Laurent ClercNr 168
(May 2007)
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Euro money market interest rates dynamics and volatility: How they respond to recent changes in the operational framework. (JEL E43, E52, E58)

by Caroline Jardet and Gaëlle Le FolNr 167
(May 2007)
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Is there a structural break in equilibrium velocity in the euro area? (JEL E30, E50, M3, M3)

by Christian Bordes, Laurent Clerc and Vêlayoudom MarimoutouNr 165
(Feb 2007)
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Price setting in the euro area: Some stylised facts from Individual Producer Price (JEL C25, D40, E31)

by Philip Vermeulen, Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando, Roberto Sabbatini, Harald StahlNr 164
(Feb 2007)
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DSGE Models in a Data-Rich Environment (JEL C10, C32, C53, E01, E32, E37)

by Jean Boivin and Marc P. GiannoniNr 162
(Jan 2007)
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2006

Bubble-free interest-rate rules (JEL E52, E61)

by Olivier LoiselNr 161
(Dec 2006)
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The Behaviour of Producer Prices: some Evidence from the French PPI Micro Data (JEL D43, E31, L11, L16)

by Erwan GautierNr 160
(Dec 2006)
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Stock exchanges industry consolidation and shock transmission (JEL C32, F36, G15)

by Julien IdierNr 159
(Dec 2006)
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Convergence in Household Credit Demand Across Euro Area Countries: Evidence from Panel Data (JEL C31, C32, C33, E51)

by Olivier de Bandt, Catherine Bruneau and Widad El AmriNr 158
(Oct 2006)
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The Reliability of Macroeconomic Forecasts based on Real Interest Rate Gap Estimates in Real Time: an Assessment for the Euro Area (JEL C53, E37, E52)

by Jean-Stéphane MésonnierNr 157
(Oct 2006)
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Trends in "structural" productivity levels in the major industrialized countries (JEL E24, F01, J24)

by Renaud Bourlès and Gilbert CetteNr 156
(Sep 2006)
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The Cross-Section of Foreign Currency Risk Premia and Consumption Growth Risk (JEL F31, G12)

by Hanno Lustig and Adrien VerdelhanNr 155
(Aug 2006)
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Risk Insurance in a Transition Economy: Evidence from Rural Romania (JEL O12, O5, P2)

by Delphine Irac and Camelia MinoiuNr 154
(Aug 2006)
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Revisiting the proximity-concentration trade-off: Distance and Horizontal Foreign Direct Investment in OECD countries (JEL F02, F15, F2)

by Delphine IracNr 153
(Aug 2006)
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Labour Market Structural Reforms: some Lessons from the Recent Studies (JEL E24, E50, J21, J31, J41)

by Denis FougèreNr 152
(Aug 2006)
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Declining Valuations and Equilibrium Bidding Central Bank Refinancing Operations (JEL D44, E52)

by Christian Ewerhart, Nuno Cassola and Natacha VallaNr 151
(Aug 2006)
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Monetary Policy Inertia or Persistent Shocks? (JEL C52, E31, E32, E52)

by Julio Carrillo, Patrick Fève and Julien MatheronNr 150
(Jul 2006)
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Financial (Dis)Integration (JEL D82, E44, F36, G15, G21, O16)

by Enisse KharroubiNr 149
(Jul 2006)
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How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data? (JEL C52, E31, E32)

by Julien Matheron, and Céline PoillyNr 148
(Jun 2006)
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Estimating Potential Output with a Production Function for France, Germany and Italy. (JEL C51, E32, O11, O47)

by Mustapha Baghli, Christophe Cahn and Jean-Pierre VilletelleNr 146
(Jun 2006)
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Assessing Aggregate Comovements in France, Germany and Italy. Using a Non Stationary Factor Model of the Euro Area (JEL C12, C22)

by Olivier de Bandt, Catherine Bruneau, Alexis FlageolletNr 145
(Jun 2006)
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Are Business and Credit Cycles Converging or Diverging? A comparison of Poland, Hungary, the Czech Republic and the Euro Area (JEL E23, E32, E44, E51, P00)

by Sanvi Avouyi-Dovi, Rafal Kierzenkowski, Catherine LubochinskyNr 144
(May 2006)
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Term Structure Anomalies: Term Premium or Peso problem? (JEL C22, E43, E52)

by Caroline JARDETNr 143
(May 2006)
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Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-country Heterogeneity (JEL C51, E52, F41)

by Eric Jondeau and Jean-Guillaume SahucNr 141
(Apr 2006)
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Is the Inflation-Output Nexus Asymmetric in the Euro Area?

by Mustapha Baghli, Christophe Cahn and Henry FraisseNr 140
(Apr 2006)
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Illiquidity, Financial Development and the Growth-Volatility Relationship (JEL E44, G30, O16)

by Enisse KharroubiNr 139
(Feb 2006)
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2005

Sticky Prices in the Euro Area: A Summary of New Micro Evidence

by Luis J. Álvarez, Emmanuel Dhyne, Marco Hoeberichts, Claudia Kwapil, Hervé Le Bihan, Patrick Lünnemann, Fernando Martins, Roberto Sabbatini, Harald Stahl, Philip Vermeulen and Jouko VilmunenNr 138
(Nov 2005)
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Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation

by Denis Fougère, Hervé Le Bihan and Patrick SevestreNr 137
(Nov 2005)
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Price Setting in the Euro Area: Some Stylized Facts from Individual Consumer Price Data

by Emmanuel Dhyne, Luis J. Álvarez, Hervé Le Bihan, Giovanni Veronese, Daniel Dias, Johannes Hoffmann, Nicole Jonker, Patrick Lünnemann, Fabio Rumler, Jouko VilmunenNr 136
(Nov 2005)
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The Pricing Behaviour of Firms in the Euro Area: New Survey Evidence

by Silvia Fabiani, Martine Druant, Ignacio Hernando, Claudia Kwapil, Bettina Landau, Claire Loupias, Fernando Martins, Thomas Mathä, Roberto Sabbatini, Harald Stahl and Ad StockmanNr 135
(Nov 2005)
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The Fed and the Question of Financial Stability: An Empirical Investigation

by Thierry GrunspanNr 134
(Oct 2005)
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A comparison of Structural Productivity Levels in the Major Industrialised Countries

by Renaud Bourlès and Gilbert CetteNr 133
(Oct 2005)
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Opportunity Costs of Having a Child, Financial Constraints and Fertility

by Gilbert Cette, Nicolas Dromel and Dominique MédaNr 130
(Aug 2005)
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Central Bank Reputation in a Forward-Looking Model

by Olivier LoiselNr 127
(Jun 2005)
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Technology Shocks and Monetary Policy in an Estimated Sticky Price Model of the Euro Area

by Sanvi Avouyi-Dovi and Julien MatheronNr 126
(Jun 2005)
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Can the Kydland--Prescott Model Pass the Cogley--Nason Test?

by Patrick Fève and Julien MatheronNr 125
(Jun 2005)
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Technology Shock and Employment: Do We Really Need DSGE Models with a Fall in Hours?

by Martial Dupaigne, Patrick Fève and Julien MatheronNr 124
(Jun 2005)
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Technology Shocks and Monetary Policy in an Estimated Sticky Price Model of the US Economy

by Sanvi Avouyi-Dovi and Julien MatheronNr 123
(Apr 2005)
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Break in the Mean and Persistence of Inflation: a Sectoral Analysis of French CPI

by Laurent BilkeNr 122
(Jan 2005)
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Interactions between Business Cycles, stock Market Cycles and Interest Rates: the Stylised Facts

by Sanvi Avouyi-Dovi and Julien MatheronNr 121
(Jan 2005)
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2004

Price Setting in France: new Evidence from Survey Data

by Claire Loupias and Roland RicartNr 120
(Dec 2004)
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Pension Schemes and Falling Birth-rates: Change in Customs or Microeconomic Optimization?

by Claire Loupias and Bertrand WigniolleNr 119
(Dec 2004)
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Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve

by Jean-Guillaume SahucNr 118
(Dec 2004)
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The Taylor Rule and Monetary Policy in the Euro Area

by Jean-Stéphane Mésonnier and Jean-Paul RenneNr 117
(Oct 2004)
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Investment in Information and Communication Technologies: an Empirical Analysis

by Gilbert Cette, Jimmy Lopez and Pierre-Alexandre NoualNr 116
(Oct 2004)