Frederic Boissay

Frederic Boissay

Principal Economist
Monetary and Economic Department, Monetary Policy

Frederic Boissay joined the BIS on 1 January 2016 from the Financial Research Division of the European Central Bank. He holds a PhD and amaster's degree in economics from the Paris School of Economics and an advanced degree in statistics and economics from the Paris Graduate School of Economics, Statistics, and Finance (ENSAE).

Fields of interest
  • Macroeconomics
  • Monetary policy
  • Financial stability and macroprudential issues

All BIS publications (18)

BIS Working Paper No 1155 19 Dec 2023
Monetary tightening, inflation drivers and financial stress
The paper explores the state-dependent effects of a monetary tightening on financial stress, focusing on a novel dimension: the…
By
Frederic Boissay
,
Fabrice Collard
,
Cristina Manea
and
Adam Shapiro
Prudential policy and financial dominance: exploring the link
Publication 27 Feb 2023
Prudential policy and financial dominance: exploring the link
Prudential policy tightening – whether ahead of or during monetary policy tightening – helps to reduce the likelihood of…
By
Frederic Boissay
,
Claudio Borio
,
Cristina Leonte
and
Ilhyock Shim
BIS Bulletin No 59
BIS Bulletin No 59 14 Jul 2022
Hard or soft landing?
Inflation is now at its highest level in several decades and threatens to become entrenched. Whether inflation is demand- or…
By
Frederic Boissay
,
Fiorella De Fiore
and
Enisse Kharroubi
BIS Bulletin No 56
BIS Bulletin No 56 7 Jun 2022
Blockchain scalability and the fragmentation of crypto
Permissionless blockchains work by providing monetary incentives to decentralised validators. Yet the mechanism for maintaining…
By
Frederic Boissay
,
Giulio Cornelli
,
Sebastian Doerr
and
Jon Frost
BIS Bulletin No 53
BIS Bulletin No 53 4 May 2022
Are major advanced economies on the verge of a wage-price spiral?
Inflation has returned, reaching levels not seen in decades. Whether inflation enters a persistently higher regime will depend…
By
Frederic Boissay
,
Fiorella De Fiore
,
Deniz Igan
,
Albert Pierres Tejada
and
Daniel Rees
BIS Working Paper No 991 18 Jan 2022
Monetary policy and endogenous financial crises
Should a central bank deviate from price stability to promote financial stability? We study this question through the lens of a…
By
Frederic Boissay
,
Fabrice Collard
,
Jordi Galí
and
Cristina Manea
BIS Bulletin No 47
BIS Bulletin No 47 27 Oct 2021
Labour markets and inflation in the wake of the pandemic
The pandemic had a significant effect on labour markets. Working hours fell sharply almost everywhere, but the drivers of these…
By
Frederic Boissay
,
Emanuel Kohlscheen
,
Richhild Moessner
and
Daniel Rees
BIS Working Paper No 970 21 Oct 2021
Big techs in finance: on the new nexus between data privacy and competition
Big techs' entry in finance builds on their established digital platforms in e-commerce, search and social media, and holds the…
By
Frederic Boissay
,
Torsten Ehlers
,
Leonardo Gambacorta
and
Hyun Song Shin
BIS Working Paper No 957 6 Aug 2021
Ripple effects of monetary policy
Is conventional monetary policy transmitted through the demand for and supply of intermediate goods in an economy? Analyzing…
By
Frederic Boissay
,
Emilia Garcia-Appendini
and
Steven Ongena

All external publications (7)

External publication 15 May 2026
Monetary Policy and Endogenous Financial Crises
By
Jordi Galí
,
Frederic Boissay
,
Fabrice Collard
and
Cristina Manea
External publication 1 Dec 2025
Monetary Policy and Endogenous Crisis Contagion across Borders
By
Frederic Boissay
,
Changhua Yu
and
Guangyu Nie
External publication 15 Apr 2025
Monetary tightening and financial stress during supply - versus demand-driven inflation
By
Frederic Boissay
,
Fabrice Collard
,
Cristina Manea
and
Adam Shapiro
External publication 1 Sep 2021
Big techs in finance: on the new nexus between data privacy and competition
By
Hyun Song Shin
,
Leonardo Gambacorta
,
Torsten Ehlers
and
Frederic Boissay
External publication 1 Jan 2020
The collateral composition channel
By
Frederic Boissay
and
Russell Cooper
External publication 1 Apr 2016
Booms and banking crises
By
Frank Smets
,
Frederic Boissay
and
Fabrice Collard
External publication 1 Jan 2013
Payment defaults and interfirm liquidity provision
By
Frederic Boissay
and
Reint Gropp

All videos (1)

00:01:47
qt2303e_boissay_leonte.jpg
Prudential policy and financial dominance: exploring the link
Video 27 Feb 2023
Prudential policy and financial dominance: exploring the link
Prudential policy tightening – whether ahead of or during monetary policy tightening – helps to reduce the…
By
Frederic Boissay
and
Cristina Leonte

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