Research

Research grants

Civica research grant 2022-2024. Project: GREENINGBANKS. Team: Michele Fioretti (pilot), Clément Mazet-Sonilhac, Jean-Stéphane Mésonnier.

ANR research grant 2024-2028. Project: RESPGLOB (ANR-23-CE26-0004-01). Team: Pamina Koenig (pilot), Michele Fioretti, Lionel Fontagné, Jean-Stéphane Mésonnier, Sandra Poncet, Christian Volpe.

Working papers

Some don’t like it hot: bank depositors and NGO campaigns against fossil banks. Sciences Po Discussion Paper No. 2023-08. With Clément Mazet-Sonilhac.

Bank local specialization.Banque de France WP No. 865, February 2022. With A. Duquerroy, C. Mazet-Sonilhac and D. Paravisini. Under revision.

Good connections: bank specialization and the tariff elasticity of exports. Banque de France WP No. 814, May 2021. Also: CEPR Discussion paper 15890, March 2021. With Antoine Berthou and Thierry Mayer. Revise and resubmit (2nd round) at the Journal of International Economics.

Showing off cleaner hands: mandatory climate-related disclosure by financial institutions and the financing of fossil energy. Revised version: August 2022. Earlier version: Banque de France Working Paper No. 800, January 2021. With Benoit Nguyen. Under revision. Press coverage: RSE Data news, Responsible investor, The Economist

Set-up costs and the financing of young firms. Banque de France Working Paper No. 792, December 2020. Previous version: CEPR Discussion paper 14512, March 2020. With François Derrien and Guillaume Vuillemey. Submitted. Policy brief: SUERF policy brief 93, May 2021

Work in progress

Greening banks: shareholders vs stakeholders. With Michele Fioretti and Clément Mazet-Sonilhac.

Green QE and the greenium in the euro area. With Benoit Nguyen and Jean-Paul Renne

Older unpublished working papers

Fiscal sustainability, default risk and euro area sovereign bond spreads. Banque de France Working Paper No. 350, July 2012, with Vladimir Borgy, Thomas Laubach and Jean-Paul Renne.

Does uncertainty make a time-varying natural rate of interest irrelevant for the conduct of monetary policy? October 2007, with Jean-Paul Renne.

Règle de Taylor et politique monétaire dans la zone euro. Banque de France Working Paper, September 2004, with J.-P. Renne.