Details about Céline Poilly

Access statistics for papers by Céline Poilly.

Last updated 2026-09-14. Update your information in the RePEc Author Service.

Short-id: ppo126

Working Papers

2026

1. Fiscal Multipliers during Natural Disasters
   CEPR Discussion Papers, Centre for Economic Policy Research
2. Sovereign Risk Shocks and Fiscal Rules
   CEPR Discussion Papers, Centre for Economic Policy Research
3. Supply Shocks in the Fog: The Role of Endogenous Uncertainty
   Staff Working Papers, Bank of Canada
   Also in Working Papers, HAL (2024)
   AMSE Working Papers, Aix-Marseille School of Economics, France (2024)
   CEPR Discussion Papers, Centre for Economic Policy Research (2026)
4. The Variety-Effect Multiplier: On the transmission of uncertainty shocks
   CEPR Discussion Papers, Centre for Economic Policy Research

2025

5. Macroeconomic Shocks in the Fog: The Role of Endogenous Uncertainty
   AMSE Working Papers, Aix-Marseille School of Economics, France
   Also in Working Papers, HAL (2025)
6. Regional Trade Policy Uncertainty
   CEPR Discussion Papers, Centre for Economic Policy Research View citations (4)
   Also in Working Papers, HAL (2023)
   Post-Print, HAL (2025) View citations (4)
   AMSE Working Papers, Aix-Marseille School of Economics, France (2023) View citations (1)
   See also Journal Article Regional trade policy uncertainty, Journal of International Economics, Elsevier (2025) View citations (4) (2025)
   Chapter Regional Trade Policy Uncertainty, NBER Chapters, National Bureau of Economic Research, Inc (2024) (2024)
7. Trade Policy Uncertainty and the Labor Market: State-Level Evidence
   Post-Print, HAL
   See also Journal Article Trade Policy Uncertainty and the Labor Market: State-Level Evidence, AEA Papers and Proceedings, American Economic Association (2025) (2025)

2023

8. On Portfolio Frictions, Asset Returns and Volatility *
   Post-Print, HAL
   See also Journal Article On portfolio frictions, asset returns and volatility, European Economic Review, Elsevier (2023) (2023)

2021

9. Does demand noise matter? Identification and implications
   Post-Print, HAL View citations (6)
   Also in CEPR Discussion Papers, Centre for Economic Policy Research (2020) View citations (3)
   See also Journal Article Does demand noise matter? Identification and implications, Journal of Monetary Economics, Elsevier (2021) View citations (6) (2021)
10. The Transmission Channels of Government Spending Uncertainty
    Working Papers, HAL View citations (3)
    Also in CEPR Discussion Papers, Centre for Economic Policy Research (2021) View citations (3)
    AMSE Working Papers, Aix-Marseille School of Economics, France (2021) View citations (3)

2019

11. Corporate Cash and Employment
    Post-Print, HAL View citations (22)
    Also in Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie (2014) View citations (7)
    CEPR Discussion Papers, Centre for Economic Policy Research (2014) View citations (8)
    2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (7)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2014) View citations (14)
    See also Journal Article Corporate Cash and Employment, American Economic Journal: Macroeconomics, American Economic Association (2019) View citations (29) (2019)
12. Employment, hours and the welfare effects of intra-firm bargaining
    Post-Print, HAL View citations (17)
    Also in Working Papers, HAL (2016)
    AMSE Working Papers, Aix-Marseille School of Economics, France (2016)
    See also Journal Article Employment, hours and the welfare effects of intra-firm bargaining, Journal of Monetary Economics, Elsevier (2019) View citations (19) (2019)
13. Reforms and the real exchange rate: The role of pricing-to-market
    (Reforms and the Real Exchange Rate: The Role of Pricing-to-Market)
    Post-Print, HAL View citations (1)
    Also in AMSE Working Papers, Aix-Marseille School of Economics, France (2018)
    Working Papers, HAL (2018)
    See also Journal Article Reforms and the real exchange rate: The role of pricing-to-market, Journal of International Economics, Elsevier (2019) View citations (1) (2019)

2017

14. Do Misperceptions about Demand Matter? Theory and Evidence
    Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie View citations (4)
    Also in Working Papers, HAL (2017) View citations (5)
    AMSE Working Papers, Aix-Marseille School of Economics, France (2017) View citations (4)

2015

15. Employment, hours and optimal monetary policy
    Discussion Papers, Deutsche Bundesbank
    Also in Working Paper Series, European Central Bank (2014) View citations (2)
    Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven (2014)
    Working Paper Research, National Bank of Belgium (2014) View citations (2)

2014

16. Investigating the Zero Lower Bound on the Nominal Interest Rate Under Financial Instability
    Working Papers, Banco de México View citations (2)
    Also in Research Memorandum, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR) (2010) View citations (2)

2013

17. How do financial frictions a¤ect the spending multiplier during a liquidity trap?
    Post-Print, HAL View citations (1)
    Also in Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration (2012) View citations (1)
    See also Journal Article How do financial frictions affect the spending multiplier during a liquidity trap?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2013) View citations (69) (2013)
18. Online Appendix to "How do financial frictions affect the spending multiplier during a liquidity trap?"
    Online Appendices, Review of Economic Dynamics View citations (69)
    See also Journal Article How do financial frictions affect the spending multiplier during a liquidity trap?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2013) View citations (69) (2013)
19. Welfare Implications of Heterogeneous Labour Markets in a Currency Union
    Post-Print, HAL

2011

20. Firm Entry, Inflation and the Monetary Transmission Mechanism
    Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration
    Also in Working Paper Research, National Bank of Belgium (2011)
    LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2011) View citations (2)

2010

21. Does money matter for the identification of monetary policy shocks: A DSGE perspective
    Post-Print, HAL View citations (17)
    Also in Thema Working Papers, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS (2007) View citations (4)
    Working papers, Banque de France (2007) View citations (4)
    See also Journal Article Does money matter for the identification of monetary policy shocks: A DSGE perspective, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (19) (2010)
22. On the Recovery Path during a Liquidity Trap: Do Financial Frictions Matter for Fiscal Multipliers?
    LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (11)

2008

23. Welfare Implications of Heterogeneous Labor Markets in a Currency Area
    Working papers, Banque de France View citations (11)
    See also Journal Article WELFARE IMPLICATIONS OF HETEROGENEOUS LABOR MARKETS IN A CURRENCY AREA, Macroeconomic Dynamics, Cambridge University Press (2013) View citations (3) (2013)

2007

24. Une valuation structurelle du ratio de sacrifice dans la zone euro
    Working papers, Banque de France View citations (1)
    See also Journal Article Une évaluation structurelle du ratio de sacrifice dans la zone euro, Revue d'économie politique, Dalloz (2009) (2009)

2006

25. How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data?
    Thema Working Papers, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS View citations (3)
    Also in Working papers, Banque de France (2006)
    See also Journal Article How well does a small structural model with sticky prices and wages fit postwar U.S. data?, Economic Modelling, Elsevier (2009) View citations (7) (2009)

Journal Articles

2025

1. Regional trade policy uncertainty
   Journal of International Economics, 2025, 155, (C) View citations (4)
   See also Working Paper Regional Trade Policy Uncertainty, CEPR Discussion Papers (2025) View citations (4) (2025)
   Chapter Regional Trade Policy Uncertainty, NBER Chapters, 2024 (2024) (2024)
2. Reprint of: Regional trade policy uncertainty
   Journal of International Economics, 2025, 156, (C) View citations (4)
3. Trade Policy Uncertainty and the Labor Market: State-Level Evidence
   AEA Papers and Proceedings, 2025, 115, 172-76
   See also Working Paper Trade Policy Uncertainty and the Labor Market: State-Level Evidence, Post-Print (2025) (2025)

2023

4. Incertitude sur la politique commerciale et cycle économique
   Revue française d'économie, 2023, XXXVIII, (1), 183-218
5. On portfolio frictions, asset returns and volatility
   European Economic Review, 2023, 160, (C)
   See also Working Paper On Portfolio Frictions, Asset Returns and Volatility *, Post-Print (2023) (2023)

2021

6. Does demand noise matter? Identification and implications
   Journal of Monetary Economics, 2021, 117, (C), 278-295 View citations (6)
   See also Working Paper Does demand noise matter? Identification and implications, Post-Print (2021) View citations (6) (2021)

2019

7. Corporate Cash and Employment
   American Economic Journal: Macroeconomics, 2019, 11, (3), 30-66 View citations (29)
   See also Working Paper Corporate Cash and Employment, Post-Print (2019) View citations (22) (2019)
8. Employment, hours and the welfare effects of intra-firm bargaining
   Journal of Monetary Economics, 2019, 104, (C), 67-84 View citations (19)
   See also Working Paper Employment, hours and the welfare effects of intra-firm bargaining, Post-Print (2019) View citations (17) (2019)
9. Reforms and the real exchange rate: The role of pricing-to-market
   Journal of International Economics, 2019, 119, (C), 150-168 View citations (1)
   See also Working Paper Reforms and the real exchange rate: The role of pricing-to-market, Post-Print (2019) View citations (1) (2019)

2014

10. Evaluating labor market reforms: A normative analysis
    Journal of Macroeconomics, 2014, 39, (PA), 156-170 View citations (6)

2013

11. How do financial frictions affect the spending multiplier during a liquidity trap?
    Review of Economic Dynamics, 2013, 16, (2), 296-311 View citations (69)
    See also Working Paper Online Appendix to "How do financial frictions affect the spending multiplier during a liquidity trap?", Online Appendices (2013) View citations (69) (2013)
    Working Paper How do financial frictions a¤ect the spending multiplier during a liquidity trap?, Post-Print (2013) View citations (1) (2013)
12. WELFARE IMPLICATIONS OF HETEROGENEOUS LABOR MARKETS IN A CURRENCY AREA
    Macroeconomic Dynamics, 2013, 17, (2), 294-325 View citations (3)
    See also Working Paper Welfare Implications of Heterogeneous Labor Markets in a Currency Area, Working papers (2008) View citations (11) (2008)

2012

13. Firm entry, markups and the monetary transmission mechanism
    Journal of Monetary Economics, 2012, 59, (7), 670-685 View citations (97)

2010

14. Does money matter for the identification of monetary policy shocks: A DSGE perspective
    Journal of Economic Dynamics and Control, 2010, 34, (10), 2159-2178 View citations (19)
    See also Working Paper Does money matter for the identification of monetary policy shocks: A DSGE perspective, Post-Print (2010) View citations (17) (2010)

2009

15. How well does a small structural model with sticky prices and wages fit postwar U.S. data?
    Economic Modelling, 2009, 26, (1), 266-284 View citations (7)
    See also Working Paper How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data?, Thema Working Papers (2006) View citations (3) (2006)
16. Une évaluation structurelle du ratio de sacrifice dans la zone euro
    Revue d'économie politique, 2009, 119, (2), 273-299
    See also Working Paper Une valuation structurelle du ratio de sacrifice dans la zone euro, Working papers (2007) View citations (1) (2007)

2007

17. Estimating the sacrifice ratio for the euro area
    Quarterly selection of articles - Bulletin de la Banque de France, 2007, (08), 5-34 View citations (7)
18. Estimations du ratio de sacrifice dans la zone euro
    Bulletin de la Banque de France, 2007, (157), 25-33 View citations (2)
19. Monetary policy dynamics in the Euro area
    Economics Letters, 2007, 96, (1), 97-102 View citations (17)

Chapters

2024

1. Regional Trade Policy Uncertainty
   A chapter in NBER International Seminar on Macroeconomics 2024, 2024
   See also Journal Article Regional trade policy uncertainty, Elsevier (2025) View citations (4) (2025)
   Working Paper Regional Trade Policy Uncertainty, Centre for Economic Policy Research (2025) View citations (4) (2025)