Details about Franck Portier

E-mail:
Homepage:	http://fportier.wordpress.com/
Postal address:	Room 311 30 Gordon Street Department of Economics University College London London, WC1H OAX United Kingdom
Workplace:	Department of Economics, University College London (UCL), (more information at EDIRC)

Access statistics for papers by Franck Portier.

Last updated 2022-10-30. Update your information in the RePEc Author Service.

Short-id: ppo12

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Working Papers

2020

1. Monetary Policy when the Phillips Curve is Locally Quite Flat
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2019

2. Duration Dependence in US Expansions: A re-examination of the evidence
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
   See also Journal Article in Economics Letters (2019)

2018

3. Real Keynesian Models and Sticky Prices
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   2018 Meeting Papers, Society for Economic Dynamics (2018)

2017

4. Putting the Cycle Back into Business Cycle Analysis
   2017 Meeting Papers, Society for Economic Dynamics View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (8)
   NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (8)
   TSE Working Papers, Toulouse School of Economics (TSE) (2016) View citations (19)
   See also Journal Article in American Economic Review (2020)

2016

5. Is the Macroeconomy Locally Unstable and Why Should We Care?
   2016 Meeting Papers, Society for Economic Dynamics View citations (8)
   Also in TSE Working Papers, Toulouse School of Economics (TSE) (2016) View citations (9)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (9)
   NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (9)
   See also Journal Article in NBER Macroeconomics Annual (2017)
   Chapter (2016)
6. Reconciling Hayek's and Keynes' Views of Recessions
   TSE Working Papers, Toulouse School of Economics (TSE)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (6)
   2015 Meeting Papers, Society for Economic Dynamics (2015)
   NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (43)
   See also Journal Article in Review of Economic Studies (2018)
7. Reviving the limit cycle view of macroeconomic fluctuations
   2016 Meeting Papers, Society for Economic Dynamics View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (27)
   NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (31)
8. When is Nonfundamentalness in SVARs A Real Problem?
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (6)
   See also Journal Article in Review of Economic Dynamics (2019)

2015

9. When is Nonfundamentalness in VARs A Real Problem? An Application to News Shocks
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (35)

2014

10. News Driven Business Cycles: Insights and Challenges
    2014 Meeting Papers, Society for Economic Dynamics View citations (152)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (25)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (24)
    See also Journal Article in Journal of Economic Literature (2014)
11. Reexamining the Cyclical Behavior of the Relative Price of Investment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014)
    See also Journal Article in Economics Letters (2015)

2013

12. Comparing two methods for the identification of news shocks
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research View citations (2)
13. Understanding Non-Inflationary Demand Driven Business Cycles
    2013 Meeting Papers, Society for Economic Dynamics View citations (4)
    See also Journal Article in NBER Macroeconomics Annual (2014)
    Chapter (2013)

2012

14. A gains from trade perspective on macroeconomic fluctuations
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (4)
15. Monetary Policy and Herd Behavior: Leaning Against Bubbles
    Working papers, Banque de France View citations (13)
    Also in Working Papers, Center for Research in Economics and Statistics (2012) View citations (13)

2009

16. Modeling News-Driven International Business Cycles
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (11)
    See also Journal Article in Review of Economic Dynamics (2011)
17. News Driven Business Cycles in Heterogenous Agents Economies
    2009 Meeting Papers, Society for Economic Dynamics

2008

18. Monetary policy and herd behavior in new-tech investment
    2008 Meeting Papers, Society for Economic Dynamics View citations (8)

2007

19. The International Propagation of News Shocks
    2007 Meeting Papers, Society for Economic Dynamics View citations (21)

2006

20. "News" Shocks in International Business Cycles
    2006 Meeting Papers, Society for Economic Dynamics View citations (6)
21. Gold Rush Fever in Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article in Journal of Monetary Economics (2011)

2005

22. It’s a Small Small Welfare Cost of Fluctuations
    Documentos de Trabajo del ICAE, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico
    Also in Working Papers, FEDEA View citations (2)
23. Stock Prices, Total Factor Productivity and Economic Fluctuations; Some Further Evidence from Japanese and U.S. Sectoral Data
    2005 Meeting Papers, Society for Economic Dynamics View citations (3)
24. The "News" View of Economic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral U.S. Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (39)
    See also Journal Article in Journal of the Japanese and International Economies (2005)

2004

25. Does the Length of the Period Really Matter for the Identification and the Modelling of Monetary Policy Shocks?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
26. Stock Prices, News and Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (16)
    See also Journal Article in American Economic Review (2006)
    Chapter (2004)
27. The Welfare Cost of Business Cycles in an Economy with Non-Clearing Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Working Papers, FEDEA View citations (2)
    Documentos de Trabajo del ICAE, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico (2004)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (3)
    See also Journal Article in The B.E. Journal of Macroeconomics (2007)
28. When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (27)
    See also Journal Article in Journal of Economic Theory (2007)
29. When Can Changes in Expectations Cause Business Cycle Fluctuations?
    2004 Meeting Papers, Society for Economic Dynamics View citations (29)

2002

30. Data Appendix to The French Depression in the 1930s
    Online Appendices, Review of Economic Dynamics View citations (16)
    See also Journal Article in Review of Economic Dynamics (2002)
31. Tax Pot Episodes in OECD Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article in Journal of the Japanese and International Economies (2002)

2001

32. An Exploration into Pigou's Theory of Cycles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    See also Journal Article in Journal of Monetary Economics (2004)

1998

33. Money Injections in a Neoclassical Growth Model
    LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

1997

34. Taux d'actualisation public, distorsions fiscales et croissance
    CEPREMAP Working Papers (Couverture Orange), CEPREMAP

1996

35. Big shock, slow growth and the dynamics of aggregate labour demand with firing costs
    Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)
36. Economic Integration, Asymmetries and the Desirability of a Monetary Union
    Papiers d'Economie Mathématique et Applications, Université Panthéon-Sorbonne (Paris 1) View citations (2)
    See also Journal Article in Journal of Economic Integration (2000)
37. Idiosyncratic Uncertainty, Capacity Utilization and the Business Cycle
    Discussion Papers, University of Copenhagen. Department of Economics
    Also in CEPREMAP Working Papers (Couverture Orange), CEPREMAP (1996)
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía (1996)
    Working Papers, FEDEA
38. Optimalité de la politique monétaire dans une économie financière de marchés
    Post-Print, HAL
39. Time to implement and aggregate fluctuations
    CEPREMAP Working Papers (Couverture Orange), CEPREMAP View citations (7)
    See also Journal Article in Journal of Economic Dynamics and Control (1997)

1995

40. On the non-neutrality and optimality of monetary policy when financial markets are incomplete: a macroeconomic perspective
    Post-Print, HAL View citations (1)
    See also Journal Article in Ricerche Economiche (1995)

1993

41. Monnaie et Inflation dans un modèle de cycles réels
    Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (1)
    Also in Papiers d'Economie Mathématique et Applications, Université Panthéon-Sorbonne (Paris 1) (1992)

1992

42. Contraintes d'encaissement monetaires prealables et fluctuation economiques
    Papiers d'Economie Mathématique et Applications, Université Panthéon-Sorbonne (Paris 1)
43. Ecriture et resolution du modele canonique des cycles reels
    Papiers d'Economie Mathématique et Applications, Université Panthéon-Sorbonne (Paris 1) View citations (2)
44. Money New-Keynesian Macroeconomics and the Business Cycles
    Papiers d'Economie Mathématique et Applications, Université Panthéon-Sorbonne (Paris 1) View citations (1)
    See also Journal Article in European Economic Review (1993)

Journal Articles

2020

1. Putting the Cycle Back into Business Cycle Analysis
   American Economic Review, 2020, 110, (1), 1-47 View citations (51)
   See also Working Paper (2017)

2019

2. Duration dependence in US expansions: A re-examination of the evidence
   Economics Letters, 2019, 183, (C), - View citations (5)
   See also Working Paper (2019)
3. When is Nonfundamentalness in SVARs a Real Problem?
   Review of Economic Dynamics, 2019, 34, 221-243 View citations (9)
   See also Working Paper (2016)
   Software Item (2019)

2018

4. Reconciling Hayek’s and Keynes’ Views of Recessions
   Review of Economic Studies, 2018, 85, (1), 119-156 View citations (2)
   See also Working Paper (2016)
5. The Instability of Market Economies
   Revue de l'OFCE, 2018, N° 157, (3), 225-233

2017

6. Is the Macroeconomy Locally Unstable and Why Should We Care?
   NBER Macroeconomics Annual, 2017, 31, (1), 479 - 530 View citations (15)
   See also Chapter (2016)
   Working Paper (2016)
7. L’instabilité des économies de marché
   Revue de l'OFCE, 2017, N° 153, (4), 253-263

2015

8. Comment
   NBER Macroeconomics Annual, 2015, 29, (1), 265 - 278
9. Reexamining the cyclical behavior of the relative price of investment
   Economics Letters, 2015, 135, (C), 108-111 View citations (11)
   See also Working Paper (2014)

2014

10. News-Driven Business Cycles: Insights and Challenges
    Journal of Economic Literature, 2014, 52, (4), 993-1074 View citations (163)
    See also Working Paper (2014)
11. Understanding Noninflationary Demand-Driven Business Cycles
    NBER Macroeconomics Annual, 2014, 28, (1), 69 - 130 View citations (4)
    See also Working Paper (2013)
    Chapter (2013)

2012

12. La « grande récession »: une mise en perspective
    Revue d'économie politique, 2012, 122, (6), 791-809

2011

13. Gold rush fever in business cycles
    Journal of Monetary Economics, 2011, 58, (2), 84-97 View citations (27)
    See also Working Paper (2006)
14. Modeling News-Driven International Business Cycles
    Review of Economic Dynamics, 2011, 14, (1), 72-91 View citations (34)
    See also Working Paper (2009)

2008

15. Interprétation d'épisodes historiques à l'aide de modèles dynamiques stochastiques d'équilibre général
    Economie & Prévision, 2008, n° 185, (4), 33-46
    Also in Économie et Prévision, 2008, 185, (4), 33-46 (2008)

2007

16. The Welfare Cost of Business Cycles in an Economy with Nonclearing Markets
    The B.E. Journal of Macroeconomics, 2007, 6, (3), 1-16
    See also Working Paper (2004)
17. When can changes in expectations cause business cycle fluctuations in neo-classical settings?
    Journal of Economic Theory, 2007, 135, (1), 458-477 View citations (193)
    See also Working Paper (2004)

2006

18. COMMENT ‘A “NEWS” VIEW OF JAPAN'S LOST DECADE’: MONETARY POLICY DURING JAPAN'S LOST DECADE*
    The Japanese Economic Review, 2006, 57, (2), 345-357 View citations (2)
19. Stock Prices, News, and Economic Fluctuations
    American Economic Review, 2006, 96, (4), 1293-1307 View citations (565)
    See also Working Paper (2004)
    Chapter (2004)

2005

20. Electricity consumption and ICT in the French service sector
    Energy Economics, 2005, 27, (3), 541-550 View citations (39)
21. The "news view" of economic fluctuations: Evidence from aggregate Japanese data and sectoral US data
    Journal of the Japanese and International Economies, 2005, 19, (4), 635-652 View citations (38)
    See also Working Paper (2005)

2004

22. An exploration into Pigou's theory of cycles
    Journal of Monetary Economics, 2004, 51, (6), 1183-1216 View citations (307)
    See also Working Paper (2001)
23. Menu costs, (s,S) rule, imperfect information and the neutrality of money
    Economics Bulletin, 2004, 5, (7), 1-8

2002

24. Estimation and Identification of Structural Parameters in the Presence of Multiple Equilibria: A Comment
    Annals of Economics and Statistics, 2002, (66), 35-39
25. Tax Pot Episodes in OECD Countries
    Journal of the Japanese and International Economies, 2002, 16, (4), 436-461 View citations (1)
    See also Working Paper (2002)
26. The French Depression in the 1930s
    Review of Economic Dynamics, 2002, 5, (1), 73-99 View citations (25)
    See also Working Paper (2002)

2001

27. Efficiency and stabilization: reducing Harberger triangles and Okun gaps
    Economics Letters, 2001, 70, (2), 209-214 View citations (10)

2000

28. Economic Integration, Asymmetries and the Desirability of a Monetary Union
    Journal of Economic Integration, 2000, 15, 345-354 View citations (3)
    See also Working Paper (1996)

1999

29. Firm Heterogeneity, Capacity Utilization and the Business Cycle
    Review of Economic Dynamics, 1999, 2, (2), 433-455 View citations (22)
30. Taux d'actualisation public, distorsions fiscales et croissance endogène
    Annals of Economics and Statistics, 1999, (54), 173-201

1997

31. Time to implement and aggregate fluctuations
    Journal of Economic Dynamics and Control, 1997, 22, (1), 109-121 View citations (25)
    See also Working Paper (1996)

1996

32. Le partage de la valeur ajoutée dans le cycle
    Économie et Prévision, 1996, 125, (4), 73-85 View citations (1)

1995

33. Business Formation and Cyclical Markups in the French Business Cycle
    Annals of Economics and Statistics, 1995, (37-38), 411-440 View citations (66)
34. Le rôle des variations de taux de marge dans les fluctuations macroéconomiques conjoncturelles
    L'Actualité Economique, 1995, 71, (2), 218-249
35. On the non-neutrality and optimality of monetary policy when financial markets are incomplete: a macroeconomic perspective
    Ricerche Economiche, 1995, 49, (1), 33-49 View citations (1)
    See also Working Paper (1995)

1994

36. Contraintes d'encaisses préalables et fluctuations économiques
    Revue Économique, 1994, 45, (4), 1009-1044
37. Les ajustements des prix et des salaires: enjeux théoriques et mesure statistique
    Économie et Statistique, 1994, 273, (1), 53-73 View citations (7)

1993

38. Cycle réel, représentation VAR et ouverture de l'économie française
    Revue de l'OFCE, 1993, 45, (1), 245-281 View citations (3)
39. Money, New-Keynesian macroeconomics and the business cycle
    European Economic Review, 1993, 37, (8), 1533-1568 View citations (135)
    See also Working Paper (1992)

1991

40. Dix ans d'intermédiation financière en France
    Revue d'Économie Financière, 1991, 16, (1), 63-77 View citations (1)
41. Rigidités nominales et propriété d'équivalence fiscale: un test sur données françaises
    Économie et Prévision, 1991, 98, (2), 113-121

1988

42. Investissements français à l'étranger et rendements
    Revue de l'OFCE, 1988, 24, (1), 183-202

Chapters

2016

1. Is the Macroeconomy Locally Unstable and Why Should We Care?
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 479-530 View citations (9)
   See also Working Paper (2016)
   Journal Article in NBER Macroeconomics Annual (2017)

2014

2. Comment on "Whither News Shocks?"
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 265-278 View citations (5)

2013

3. Understanding Noninflationary Demand-Driven Business Cycles
   A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp 69-130 View citations (6)
   See also Journal Article in NBER Macroeconomics Annual (2014)
   Working Paper (2013)

2004

4. Stock Prices, News and Economic Fluctuations
   A chapter in Enhancing Productivity (NBER-CEPR-TCER-Keio conference), 2004 View citations (25)
   See also Journal Article in American Economic Review (2006)
   Working Paper (2004)

Software Items

2019

1. Code and data files for "When is Nonfundamentalness in SVARs a Real Problem?"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2019)

2010

2. Code files for "Modeling News-Driven International Business Cycles"
   Computer Codes, Review of Economic Dynamics