Details about Francois Velde

E-mail:
Homepage:	https://www.chicagofed.org/people/v/velde-francois
Phone:	312 322 2526
Postal address:	Research Department Federal Reserve Bank of Chicago P. O. Box 834 Chicago IL 60690
Workplace:	Economic Research Department, Federal Reserve Bank of Chicago, (more information at EDIRC)

Access statistics for papers by Francois Velde.

Last updated 2024-11-18. Update your information in the RePEc Author Service.

Short-id: pve2

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Jump to Journal Articles Chapters Software Items

Working Papers

2024

1. Understanding Money Using Historical Evidence
   Working Paper Series, Federal Reserve Bank of Chicago
   Also in Lewis Lab Working Papers Series, Arthur Lewis Lab, The University of Manchester (2024)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2024)
   See also Journal Article Understanding Money Using Historical Evidence, Annual Review of Economics, Annual Reviews (2024) (2024)

2021

2. Money, banking, and old-school historical economics
   Post-Print, HAL
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2020) View citations (7)
   PSE-Ecole d'économie de Paris (Postprint), HAL (2021)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (7)

2020

3. What Happened to the US Economy During the 1918 Influenza Pandemic? A View Through High-Frequency Data
   Working Paper Series, Federal Reserve Bank of Chicago View citations (16)
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2020) View citations (21)
   See also Journal Article What Happened to the U.S. Economy during the 1918 Influenza Pandemic? A View Through High-Frequency Data, The Journal of Economic History, Cambridge University Press (2022) View citations (6) (2022)

2019

4. Why have interest rates fallen far below the return on capital
   BIS Working Papers, Bank for International Settlements View citations (19)
   Also in Working papers, Banque de France (2017) View citations (33)
   Working Paper Series, Federal Reserve Bank of Chicago (2018) View citations (21)
   See also Journal Article Why have interest rates fallen far below the return on capital?, Journal of Monetary Economics, Elsevier (2021) View citations (11) (2021)

2018

5. Lottery Loans in the Eighteenth Century
   Working Paper Series, Federal Reserve Bank of Chicago
6. The Neapolitan Banks in the Context of Early Modern Public Banks
   Working Paper Series, Federal Reserve Bank of Chicago View citations (1)
   See also Chapter Neapolitan Banks in the Context of Early Modern Public Banks, Palgrave Studies in the History of Finance, Palgrave Macmillan (2018) View citations (1) (2018)

2017

7. An Analysis of Revenues at the Comédie française, 1680-1793
   Working Paper Series, Federal Reserve Bank of Chicago
8. Why Are Real Interest Rates So Low?
   2017 Meeting Papers, Society for Economic Dynamics View citations (1)
   Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (1)

2014

9. Early Public Banks
   Working Paper Series, Federal Reserve Bank of Chicago View citations (4)
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2014) View citations (4)

2013

10. Market Preferences for Risk Distributions: Evidence from Lottery Loans
    2013 Meeting Papers, Society for Economic Dynamics
11. On the Evolution of Specie: Circulation and Weight Loss in 18th and 19th Century Coinage
    Working papers, Banque de France View citations (8)

2009

12. The case of the undying debt
    Working Paper Series, Federal Reserve Bank of Chicago
    See also Journal Article The case of the undying debt, Financial History Review, Cambridge University Press (2010) (2010)
13. The life and times of Nicolas Dutot
    Working Paper Series, Federal Reserve Bank of Chicago View citations (2)
    See also Journal Article THE LIFE AND TIMES OF NICOLAS DUTOT, Journal of the History of Economic Thought, Cambridge University Press (2012) View citations (1) (2012)

2006

14. Chronicles of a deflation unforetold
    Working Paper Series, Federal Reserve Bank of Chicago View citations (5)
    See also Journal Article Chronicle of a Deflation Unforetold, Journal of Political Economy, University of Chicago Press (2009) View citations (35) (2009)
15. Deflation and Recession in France in the (Seventeen) Twenties
    2006 Meeting Papers, Society for Economic Dynamics

2005

16. Commodities Prices and Monetary Policy in 18th c. France
    2005 Meeting Papers, Society for Economic Dynamics

2004

17. REgional
    Working Papers, Cornell University, Center for Analytic Economics
18. Sustaining a Time-Consistent Ramsey Plan with Options
    2004 Meeting Papers, Society for Economic Dynamics

2003

19. Government equity and money: John Law’s system in 1720 France
    Working Paper Series, Federal Reserve Bank of Chicago View citations (5)

2002

20. The crime of 1873: back to the scene
    Working Paper Series, Federal Reserve Bank of Chicago View citations (4)

1998

21. A model of bimetallism
    Working Papers, Federal Reserve Bank of Minneapolis
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1998)
    See also Journal Article A Model of Bimetallism, Journal of Political Economy, University of Chicago Press (2000) View citations (35) (2000)

1997

22. A model of commodity money, with applications to Gresham's Law and the debasement puzzle
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (2)
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (3)
    Staff Report, Federal Reserve Bank of Minneapolis (1997) View citations (2)
    See also Journal Article A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (1999) View citations (52) (1999)
23. The big problem of small change
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (28)
    See also Journal Article The Big Problem of Small Change, Journal of Money, Credit and Banking, Blackwell Publishing (1999) View citations (28) (1999)
24. The evolution of small change
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (1)

1995

25. The debasement puzzle: an essay on medieval monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)

Journal Articles

2024

1. Understanding Money Using Historical Evidence
   Annual Review of Economics, 2024, 16, (1), 571-595
   See also Working Paper Understanding Money Using Historical Evidence, Working Paper Series (2024) (2024)

2022

2. La dette publique en France au XIX e siècle
   Revue d'économie financière, 2022, N° 146, (2), 85-100
3. Masks and Trolleys in San Francisco during the 1918 Influenza Epidemic
   AEA Papers and Proceedings, 2022, 112, 205-08
4. What Happened to the U.S. Economy during the 1918 Influenza Pandemic? A View Through High-Frequency Data
   The Journal of Economic History, 2022, 82, (1), 284-326 View citations (6)
   See also Working Paper What Happened to the US Economy During the 1918 Influenza Pandemic? A View Through High-Frequency Data, Working Paper Series (2020) View citations (16) (2020)

2021

5. Coin wear: A power law for small shocks
   Physica A: Statistical Mechanics and its Applications, 2021, 574, (C)
6. Why have interest rates fallen far below the return on capital?
   Journal of Monetary Economics, 2021, 124, (S), S57-S76 View citations (11)
   See also Working Paper Why have interest rates fallen far below the return on capital, BIS Working Papers (2019) View citations (19) (2019)

2016

7. Money and payments in the digital age: innovations and challenges
   Financial Stability Review, 2016, (20), 103-111
8. What We Learn from a Sovereign Debt Restructuring in France in 1721
   Economic Perspectives, 2016, (5), 1-17 View citations (1)

2015

9. Bitcoin pour remplacer les devises ?
   Revue d'économie financière, 2015, n° 120, (4), 105-112
10. How Do We Measure Inflation?
    Chicago Fed Letter, 2015

2014

11. A Review of Peter Temin's The Roman Market Economy
    Journal of Economic Literature, 2014, 52, (4), 1151-59

2013

12. Bitcoin: a primer
    Chicago Fed Letter, 2013, (Dec) View citations (25)

2012

13. THE LIFE AND TIMES OF NICOLAS DUTOT
    Journal of the History of Economic Thought, 2012, 34, (1), 67-107 View citations (1)
    See also Working Paper The life and times of Nicolas Dutot, Working Paper Series (2009) View citations (2) (2009)

2010

14. The case of the undying debt
    Financial History Review, 2010, 17, (2), 185-209
    See also Working Paper The case of the undying debt, Working Paper Series (2009) (2009)

2009

15. Chronicle of a Deflation Unforetold
    Journal of Political Economy, 2009, 117, (4), 591-634 View citations (35)
    See also Working Paper Chronicles of a deflation unforetold, Working Paper Series (2006) View citations (5) (2006)
16. The recession of 1937 - a cautionary tale
    Economic Perspectives, 2009, 33, (Q IV), 16-37 View citations (15)

2008

17. Avoiding a meltdown: managing the value of small change
    Economic Perspectives, 2008, 32, (Q I), 17-28

2007

18. John Law's System
    American Economic Review, 2007, 97, (2), 276-279 View citations (19)
19. What’s a penny (or a nickel) really worth?
    Chicago Fed Letter, 2007, (Feb)

2006

20. An alternative measure of inflation
    Economic Perspectives, 2006, 30, (Q I), 56-65 View citations (5)

2004

21. Poor hand or poor play? the rise and fall of inflation in the U.S
    Economic Perspectives, 2004, 28, (Q I), 34-51 View citations (8)

2002

22. Following the yellow brick road: how the United States adopted the gold standard
    Economic Perspectives, 2002, 26, (Q II), 42-58 View citations (1)
23. Solving the problem of small change
    Chicago Fed Letter, 2002, (Oct)
24. The household balance sheet: too much debt?
    Chicago Fed Letter, 2002, (Sep)

2000

25. A Model of Bimetallism
    Journal of Political Economy, 2000, 108, (6), 1210-1234 View citations (35)
    See also Working Paper A model of bimetallism, Working Papers (1998) (1998)
26. Dollarization in Argentina
    Economic Perspectives, 2000, 24, (Q I), 24-37 View citations (12)
    Also in Chicago Fed Letter, 1999, (Jun) (1999) View citations (11)

1999

27. A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle
    Review of Economic Dynamics, 1999, 2, (1), 291-323 View citations (52)
    See also Working Paper A model of commodity money, with applications to Gresham's Law and the debasement puzzle, Working Paper Series, Macroeconomic Issues (1997) View citations (2) (1997)
28. Americans are not saving: should we worry?
    Chicago Fed Letter, 1999, (May) View citations (2)
29. Medieval and Early Modern Europe - Economy and Nature in the Fourteenth Century: Money, Market Exchange and the Emergence of Scientific Thought. By Joel Kaye. Cambridge: Cambridge University Press, 1998. Pp. x, 273. $54.95
    The Journal of Economic History, 1999, 59, (2), 505-506
30. The Big Problem of Small Change
    Journal of Money, Credit and Banking, 1999, 31, (2), 137-61 View citations (28)
    See also Working Paper The big problem of small change, Working Paper Series, Macroeconomic Issues (1997) View citations (28) (1997)

1998

31. Lessons from the history of money
    Economic Perspectives, 1998, 22, (Q I), 2-16 View citations (3)

1997

32. The debasement puzzle: an essay on medieval monetary history
    Quarterly Review, 1997, 21, (Fall), 8-20 View citations (2)
    Also in The Journal of Economic History, 1996, 56, (4), 789-808 (1996) View citations (31)

1995

33. Macroeconomic Features of the French Revolution
    Journal of Political Economy, 1995, 103, (3), 474-518 View citations (70)

1994

34. Revolution and Rebellion in the Early Modern World. By Jack Goldstone. Berkeley and Los Angeles: University of California Press, 1991. Pp. xxix, 608. $17.00, paper
    The Journal of Economic History, 1994, 54, (1), 198-199

1992

35. The Financial Market and Government Debt Policy in France, 1746–1793
    The Journal of Economic History, 1992, 52, (1), 1-39 View citations (26)

1990

36. The analytics of German monetary unification
    Economic Review, 1990, (Fall), 33-50 View citations (2)

Chapters

2018

1. Neapolitan Banks in the Context of Early Modern Public Banks
   Palgrave Macmillan View citations (1)
   See also Working Paper The Neapolitan Banks in the Context of Early Modern Public Banks, Federal Reserve Bank of Chicago (2018) View citations (1) (2018)
2. The Talhouët Affair: Graft and Punishment in 1723 France
   Palgrave Macmillan

Software Items

1998

1. Optimal Fiscal Policy in a Linear Stochastic Economy
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles View citations (1)