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Working papers

From Banque de France
Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS.
Contact information at EDIRC.

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686: Measuring Indirect Investments in ICT in OECD Countries Downloads
Gilbert Cette, Jimmy Lopez, Giorgio Presidente and Vincenzo Spiezia
685: Classifying Patents Based on their Semantic Content Downloads
Antonin Bergeaud, Yoann Potiron and Juste Raimbault
684: An Experimental Analysis Of The Effect Of Quantitative Easing Downloads
Adrian Penalver, Nobuyuki Hanaki, Eizo Akiyama, Yukihiko Funaki and Ryuichiro Ishikawa
683: Perceived FOMC: The Making of Hawks, Doves and Swingers Downloads
Michael Bordo and Klodiana Istrefi
682: Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model Downloads
Erwan Gautier and Hervé Le Bihan
681: Non-base wage components as a source of wage adaptability to shocks: Evidence from European firms, 2010 2013 Downloads
Jan Babeck, Clémence Berson, Ludmila Fadejeva, Ana Lamo, Petra Marotzke, Fernando Martins and Paweł Strzelecki
680: New Normal or New Orthodoxy ? Elements of a Central Banking Framework for the After-Crisis Downloads
Christian Pfister and Natacha Valla
679: Countercyclical School Attainment and Intergenerational Mobility Downloads
Andreu Arenas and Clément Malgouyres
678: The Impact of Exports on Innovation: Theory and Evidence Downloads
Philippe Aghion, Antonin Bergeaud, Matthieu Lequien and Marc Melitz
677: Income Inequality in France, 1900-2014: Evidence from Distributional National Accounts (DINA) Downloads
Bertrand Garbinti, Jonathan Goupille-Lebret and Thomas Piketty
676: Firm Dynamics and Growth Measurement in France Downloads
Philippe Aghion, Antonin Bergeaud, Timo Boppart and Simon Bunel
675: (Real-)Time Is Money Downloads
Christian Pfister
674: Rent creation and sharing: new measures and impacts on TFP Downloads
Gilbert Cette, Jimmy Lopez and Jacques Mairesse
673: The Cost of Non-Europe, Revisited Downloads
Thierry Mayer, Vincent Vicard and Soledad Zignago
672: Dissecting the Impact of Imports from Low-Wage Countries on French Consumer Prices Downloads
Juan Carluccio, Erwan Gautier and Sophie Guilloux-Nefussi
671: Payments delay: propagation and punishment Downloads
Ben Craig, Dilyara Salakhova and Martin Saldias
670: The Optimal Inflation Target and the Natural Rate of Interest Downloads
Philippe Andrade, Jordi Galí, Hervé Le Bihan and Julien Matheron
669: Monetary Policy and Collateral Constraints since the European Debt Crisis Downloads
Jean Barthélemy, Vincent Bignon and Benoît Nguyen
668: A General Equilibrium Appraisal of Capital Shortfall Downloads
Eric Jondeau and Jean-Guillaume Sahuc
667: Stabilising virtues of central banks: (re)matching bank liquidity Downloads
Vincent Legroux, Imene Rahmouni-Rousseau, Urszula Szczerbowicz and Natacha Valla
666: Dollar Funding and Firm-Level Exports Downloads
Antoine Berthou, Guillaume Horny and Jean-Stéphane Mésonnier
665: Tax Simplicity and Heterogeneous Learning Downloads
Philippe Aghion, Ufuk Akcigit, Matthieu Lequien and Stefanie Stantcheva
664: Credit risk and bank competition in Sub-Saharan Africa Downloads
Michael Brei, Luc Jacolin and Alphonse Noah
663: Explaining and Forecasting Euro Area Inflation: the Role of Domestic and Global Factors Downloads
Sophie Béreau, Violaine Faubert and Katja Schmidt
662: Firm-level Productivity Dispersion and Convergence Downloads
Gilbert Cette, Simon Corde and Rémy Lecat
661: Global financial interconnectedness: A Non-Linear Assessment of the Uncertainty Channel Downloads
Bertrand Candelon, Laurent Ferrara and Marc Joëts
660: Exchange Rate Movements, Firm-Level Exports and Heterogeneity Downloads
Antoine Berthou and Emmanuel Dhyne
659: Unconventional Monetary Policy and Bank Lending Relationships Downloads
Christophe Cahn, Anne Duquerroy and William Mullins
658: Misallocation Before, During and After the Great Recession Downloads
Thibault Libert
657: Firm Size and the Intensive Margin of Import Demand Downloads
Joaquin Blaum, Claire Lelarge and Michael Peters
656: A Kinked-Demand Theory of Price Rigidity Downloads
Stéphane Dupraz
655: Inflation Targeting as a Shock Absorber Downloads
Marcel Fratzscher, Christoph Grosse Steffen and Malte Rieth
654: SMEs financing: Divergence across Euro area countries? Downloads
Sébastien Roux and Frédérique Savignac
653: Price Dispersion, Private Uncertainty, and Endogenous Nominal Rigidities Downloads
Gaetano Gaballo
652: Eurosystem s asset purchases and money market rates Downloads
Wiliiam Arrata, Benoît Nguyen, Imene Rahmouni-Rousseau and Miklos Vari
651: A Quantitative Easing Experiment Downloads
Adrian Penalver, Nobuyuki Hanaki, Eizo Akiyama, Yukihiko Funaki and Ryuichiro Ishikawa
650: Why are inflation forecasts sticky? Theory and application to France and Germany Downloads
Frédérique Bec, Raouf Boucekkine and Caroline Jardet
649: Missing Growth from Creative Destruction Downloads
Philippe Aghion, Antonin Bergeaud, Timo Boppart, Pete Klenow and Huiyu Li
648: An analytical framework to calibrate macroprudential policy Downloads
Taryk Bennani, Cyril Couaillier, Antoine Devulder, Silvia Gabrieli, Julien Idier, Pier Lopez, Thibaut Piquard and Valerio Scalone
647: Beneath the Gold Points: European Financial Market Integration, 1844-1870 Downloads
Vincent Bignon, Jinzhao Chen and Stefano Ugolini
646: Corporate Debt Structure and Economic Recoveries Downloads
Thomas Grjebine, Urszula Szczerbowicz and Fabien Tripier
645: Common Factors of Commodity Prices Downloads
Simona Delle Chiaie, Laurent Ferrara and Domenico Giannone
644: Entrepreneurship and Information on Past Failures: A Natural Experiment Downloads
Christophe Cahn, Mattia Girotti and Augustin Landier
643: Time-varying fiscal spending multipliers in the UK Downloads
Christian Glocker, Giulia Sestieri and Pascal Towbin
642: Monetary Policy and Digital Currencies: Much Ado about Nothing? Downloads
Christian Pfister
641: Adjustment Costs and Factor Demand: New Evidence From Firms Real Estate Downloads
Antonin Bergeaud and Simon Ray
640: Asymmetric wage adjustment and employment in European firms Downloads
Petra Marotzke, Robert Anderton, Ana Bairrao, Clémence Berson and Peter Tóth
639: U.S. Savings Banks' Demutualization and Depositor Welfare Downloads
Mattia Girotti and Richard Meade
638: The Failure of a Clearinghouse:Empirical Evidence Downloads
Vincent Bignon and Guillaume Vuillemey
637: MAPI: Model for Analysis and Projection of Inflation in France Downloads
Louis de Charsonville, Thomas Ferrière and Caroline Jardet
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