Working Papers

“Dissecting the Impact of Imports from Low-Wage Countries on French Consumer Prices,” with Erwan Gautier and Sophie Guilloux-Nefussi. PDF [Summary] [Blog BdF] 

“The impact of trade shocks on collective wage bargaining agreements,” with Denis Fougère and Erwan Gautier. PDF 

Academic Publications

“Offshoring and Skill Upgrading in French Manufacturing,” with Alejandro Cunat, Harald Fadinger, and Christian Fons-Rosen,  Journal of International Economics, 2019, 118, 138-159 PDF [Vox column] [Rue de la Banque]

“Fragmentation and Wage Inequality: Insights from a Simple Model,” with Ivar Ekeland and Roger Guesnerie, Annals of Economics and Statistics, Special issue in Honor of E. Malinvaud, 2017, Nr 125 / 126, pp. 113-134.PDF [Research Newsletter] 

“Trade, Wages, and Collective Bargaining: Evidence from France,” with Denis Fougère and Erwan Gautier, The Economic Journal, 2015, 584, 803-837. PDF [Vox column][Rue de la Banque] 

“The Impact of Worker Bargaining Power on the Organization of Global Firms,” with Maria Bas, Journal of International Economics, 2015, 96(1),162-181.PDF [Research Newsletter] 

“Foreign Entry and Spillovers with Technological Incompatibilities in the Supply Chain,” with Thibault Fally, Journal of International Economics, 2013, 90(1), 123-135. PDF

“Global Sourcing under Imperfect Capital Markets,” with Thibault Fally, The Review of Economics and Statistics, 2012, 94(3), 740-763.PDF [Research Newsletter] 

Policy-oriented Publications

“Private firms, corporate investment and the WACC: evidence from France”, with Clément Mazet-Sonilhac and Jean-Stephane Mesonnier, The European Journal of Finance, lead article, pp 1-25, 2021.

“Choix de la structure de financement et levier optimal des entreprises non financières françaises : 1988-2015”, with Adrien Boileau, Christophe Cahn and Clément Mazet-Sonilhac, Bulletin de la Banque de France, Septembre-octobre 2017. PDF

“L’Argentine après le défaut : conditions d’accès aux marchés internationaux de capitaux et choix de politiques économiques « non conventionnelles »”, with Julio Ramos-Tallada, Revue d’économie financière, 2016, 124. PDF

“How do house prices affect wages? A comparison between France and Germany,” Quarterly Selection of Articles, Banque de France, Summer 2014. PDF

“L’impact de l’évolution des prix immobiliers sur les coûts salariaux, comparaison France-Allemagne,” Bulletin de la Banque de France, 2eme trimestre 2014. PDF 

“Corporate finance and economic activity in the euro area: Structural Issue Report 2013,” Occasional Paper Series 151, European Central Bank, 2013 (collaboration) PDF

“Globalisation and labour market outcomes: an overview of the conference organised by the Banque de France on 16 and 17 May 2013,” with Vincent Vicard, Quarterly selection of articles – Banque de France, issue 31, pages 87-95, Autumn 2013. PDF